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Seven creative businesses have been awarded a €210,000 Artbox Accelerator grant to scale up and strengthen Armenia’s creative ecosystem
Published: September 19, 2024
Creative Armenia celebrates the successful completion of its signature Artbox Accelerator program, aimed at nurturing the growth of businesses in the creative industries.
From June to the end of July 2024, 16 creative businesses across creative fields such as music, fashion, animation, and more participated in Artbox Accelerator to expand their businesses, grow their audiences, and increase profitability. For 8 weeks, these teams collaborated with mentors from top international companies and institutions such as LEGO®, Parsons, Burberry, and others, joining the program from various parts of the world, including France, Denmark, the Netherlands, and beyond.
The workshops covered a wide range of topics, including assessing business performance, improving their products, optimizing efficiency, developing growth strategies, and more.
16 creative businesses accelerated by Artbox are:
“At Creative Armenia, we emphasize the significance of boosting the growth of existing creative businesses. Through Artbox Accelerator, we are proud of having provided a new wave of 7 creative businesses a distinctive pipeline of support and grants to catalyze their engagement with local and international stakeholders, showcase their work, and expand their revenues as well as genuine public influence,” said Anush Ter-Khachatryan, Director of Programs at Creative Armenia.
The 7 participants that were cumulatively awarded €210,000 to accelerate their creative businesses are:
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Artbox is accelerating 16 creative businesses in Armenia
Creative businesses will enhance their growth through the Artbox Accelerator program. Up to 7 of them will receive grants of up to €30,000 each for their development.
Artbox Incubator awarded a €100,000 grant to 10 creative projects to catalyze the Armenian creative landscape
Artbox concludes its 8-week incubation program with 20 projects successfully completing it. Of these, 10 projects receive €10,000 grant each, enabling the entrepreneurs to turn their creative ideas into businesses.