IFC, a member of the World Bank Group, in partnership with the UK Government’s Good Governance Fund, launches an initiative in Armenia to enable women to start up and develop businesses.

“Under guidance from mentors, the participants of the program will acquire business skills to start and expand their businesses, and learn about risk-management tools to tackle difficult conditions and cope with potential crises. The participants will learn how to conduct business negotiations, attract financial resources, and introduce tech solutions to benefit their businesses,” IFC statement reads.

The program will consist of two main components: Intensive Bootcamps and the Acceleration Program. The Intensive Bootcamps will address specific needs of female applicants covering a wide range of issues such as structuring a business idea, developing business and financial plans, and enhancing sales and marketing skills to attract customers and partners.

The bootcamps will select female entrepreneurs for the Acceleration Program, which will help the participants integrate innovation and technology into their businesses. It will also help women access larger business networks and funders.

After completing the Acceleration Program, the participant teams will pitch business ideas and products to an evaluating committee. The five best teams will receive a grant in the amount of AMD 1,000,000 (around $2,000 each) from the Enterprise Incubator Foundation to help develop their project further.

Interested women can apply for the program by filling out the online application at the following link by.