YEREVAN. - Armenian start-ups have great potential and aren’t in any way inferior to all the teams which I have met during my activity.

Founder of ABRT venture fund, Anton Timashov, told the aforementioned to Armenian News – NEWS.am.

Timashov was among the professional jury during the final stage of UpStart StartUp Competition held in Yerevan on October 29.

Referring to the preconditions of successful start-ups, he noted that the most important thing here is perhaps the correctly chosen team and the idea. “Having listened to the speeches of these fifteen teams, I can say that I am impressed by the solutions proposed by them,” the ABRT founder said.

When starting a start-up, Anton Timashov advises to pay attention to several directions. “I think, the most trendy directions now are solutions for artificial intelligence, health and security systems. I would advise to pay attention to these solutions when developing a solution,” he added.  

The final stage of UpStart StartUp Competition took place on October 27. MapWork start-up was recognized as the winner of the competition.