From 2013 to 2015, in the framework of E-Society and Innovation for Competitiveness Project supported by the Government of RA and WB, Enterprise Incubator Foundation administered a series of matching grants programs. The aim of the programs was to support in creation, growth and competitiveness of knowledge and technology-driven enterprises in Armenia, as well as to encourage traditional sectors to adopt new technologies. The grant size ranged from a minimum of 10,000 dollars to a maximum amount of 50,000 dollars.
From 2019 to 2021, in the framework of Trade Promotion and Quality Infrastructure (TPQI) Project supported by the Government of RA and WB, Enterprise Incubator Foundation administers a series of matching grants programs in ICT and High Tech as a supporting mechanism for creation, growth and competitiveness of knowledge and technology-driven enterprises in Armenia, as well as for encouraging traditional sectors to adopt new technologies. These programs include Innovation Matching Grants (IMG) and Regional Matching Grants (RMG). EIF’s matching grants programs are intended to provide grants to support new solution, product, service or process adaptation, improvement and/or development, which would stimulate the rate of technology absorption, technology transfer, innovation and commercialization in the private sector, foster collaboration between research centers and industries and promote the development of new technology-driven companies across Armenia, with particular emphasis in supporting the development of viable technology enterprises in regions/marzes of Armenia.