ChainPoint 18 International Blockchain Conference was successfully launched on November 14-15 in Komitas Museum-Institute in Yerevan.
During the second day of the conference 8 Armenian startups were pitching in front of international investors.
The jury members were one of the best experts in the industry:
• Artur Eolyan - Managing Partner of Double Sirius Capital
• Tachat Igityan - Co-founder of DeStream
• Ralph Liu - Founder of MuleChain
• Hambardzum Kaghketsyan - Partner of SmartGate VC
• Leonid Morozovskiy - Co-Founder of DAS Index
• Manuk Hergnyan - Partner of Granatus Ventures
• Viktor Goncharuk - RACIB
• Armen Chakhoyan - Project lead of Fastoken
As a result of the pitches, the Armenian startups Wirestock and Coinstats were recognized as winners. They will receive support from the general partner of the event “Fasttoken” and the organizer - “Nooor” Armenian Blockchain Association.
The main purpose of the above mentioned pitching session was to identify the weaknesses and strengths of startups, as well as to obtain constructive criticism from experts, for further development and improvement of projects.
Questions that were raised during the presentation outlined the relevance of the presented ideas and clarified “blind spots” that were unnoticed during the pitches of startups.
As a result of the event, each of the startups passed a whole path of recognition, criticism and support on behalf of all representatives of the jury. The motivation gained during the pitches will become an integral part of their further development. Mistakes and “blind spots” tactfully indicated by members of the jury, gave them even greater desire to conquer new heights and become more promising for future investors.
After a fulfilled pitching session, jury members as well as the audience were discussing pros and cons of each startup.
This type of events has a positive effect not only for startup ecosystem in Armenia, but also give the opportunity for local startups to be a one more step closer to foreign investors and network.