Abstract

Startup companies, by their nature, entail substantial risks and frequently encounter an array of challenges. Despite some instances of success of Armenian startup companies, it remains evident that significant headway on the global stage has yet to be achieved. In contrast to well-established ecosystems, the Armenian startup ecosystem falls short in providing the necessary support for the sustained advancement of these companies. As such, there exists a pressing need to highlight and comprehensively examine the obstacles impeding the growth of Armenian startup companies. This article provides an analytical overview of the survey conducted among Armenian startup companies to identify key obstacles hindering their progress. Additionally, it offers recommendations aimed at addressing the aforementioned challenges.

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