Going Beyond Traditional Acceleration: UNDP Armenia ImpactAim Accelerator Impact Report

September 2024 – In 2017, UNDP in Armenia launched the ImpactAim Venture Accelerator Programme that supports startups in addressing gaps to achieve the SDGs and promote innovation that bring together different stakeholders.
Eight programmes across four years yielded the following:
- ImpactAIM raised 600,000 USD from 5 funding sources, including traditional donors, private sector, and government.
- With over 1,000 applications, 64 companies and 789 individuals were selected to join the programmes. 3 startups and 716 individuals graduated as a result.
- 50% of the portfolio were able to attract additional investments from both private and public donors.
Read all about the portfolio, lessons learned and impact report below.

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