For example, last month, we started cooperation with the Armenian FAST (Foundation for Armenian Science and Technology).
We agreed to explore the possibility of launching a corporate innovation project. The main idea is to create an industry incubation program in one of the industry sectors available in Armenia, where X-tensive has expertise.
As an example of ideas, we discussed the mining incubator (clean-tech), the agro-tech incubator, and the textile industry solution (Gloria or Alex Textile).
Our new FAST partners also shared that such projects can be a good incentive for government involvement and scaling opportunities if the pilot project is successful.
One of the scaling options is the allocation of state grants to startups that have passed this kind of incubation program.
We are sure everything will work out!