Foundation for Armenian Science and Technology (FAST) has expanded its Science and Technology Angels Network (STAN) initiative.

The program aims to unite prominent Armenian professionals from all over the globe to invest in ideas to seed-stage Armenian startups engaged in science and technology innovation.

Primarily focusing on startups offering Artificial Intelligence (AI) solutions, STAN offers investment opportunities via 3 main tracks:

1. Traditional angel investments: pre-seed to seed-stage investments in startups engaged in science and technology innovation.

2. Women entrepreneurship: investments on women-led very early-stage startups to strengthen women entrepreneurship in Armenia.

3. Moonshot projects: investments in high-risk/high-gain projects offering ultrasophisticated, deep technology solutions to tackle worldwide challenges.

“STAN is expanding its operation both in terms of widening its Network and offering new investment tracks. After welcoming 6 new Angels from the United States, STAN now has 31 members. During our recent pitch in May, startups from 3 different tracks pitched their ideas, including 9 startups from Traditional angel investment, 2 startups from Moonshot projects and 4 startups from Women entrepreneurship track. Currently the Angels are exploring investment opportunities with some of the startups and we are looking forward to announcing several deals soon,” said Haykaz Aramyan, Lead Innovation Analyst at FAST.