colabstartup@gmail.com
CREATING STARTUPS TOGETHER FROM SCRATCH
COLAB Startup Factory is a platform created to bring together people from different professions and turn innovative ideas into reality. If you want to finally bring your idea to life, or find like-minded people and think of something together, join us to create, learn and grow.
Let’s build a new startup ecosystem in Armenia—together.
- 300+Members
- 240+Ideas discussed
- 15Startups
COLAB STARTUPS
Stages of the Process
At COLAB, we support every stage of startup development—from generating ideas to building a profitable business. Each stage is further divided into four actionable steps.
STAGE 1. IDEA
Step 1: Introduction
Step 2: Idea filtration
Step 3: Idea discussion
Step 4: Idea validation
STAGE 2. PRODUCTION
Step 1: Forming the core team
Step 2: Prototype testing
Step 3: MVP testing
Step 4: Official launch
STAGE 3. GROWTH
Step 1. Initial traction
Step 2. Monetization
Step 3. Profitable business
Step 4. Investment attraction
Membership terms
At COLAB, everyone who joins a project receives a stake in it, contributing their skills, time, and optional resources in return. All work is carried out entirely online.
COLAB has 2 membership scenarios:
COLAB has 2 membership scenarios:
- Scenario 1: Chief FounderIf a participant wants to generate an idea and lead a startup as the main founder, their idea must first pass Stage 1. Once approved, a team will be assembled during the first step of Stage 2.
Join → - Scenario 2: Co-founderIf a participant wants to join an existing startup in Phase 2, they will need to wait until a suitable opportunity becomes available.
Join→
MENTORS
Jora Ispiryan
Marketing
Mihran Babayan
Finances
Hovhannes Khachatryan
Back-End
Alina Melkonyan
Intellectual Property
OUR PARTNERS
If you’d like to become a partner of COLAB Startup Factory, get in touch with us at colabstartup@gmail.com.
FREQUENTLY ASKED QUESTIONS
Anyone who has the desire and is ready to take action to create their own startup can join COLAB.
People from any IT-related profession can join, including programming, marketing, design, finance, management, etc.
Work in COLAB is conducted via LinkedIn, Telegram, and Google Meet platforms. It is necessary to have accessible and completed user accounts to participate in the work.
Yes, you can join COLAB with a ready-made idea. In order to gather a team around it, it must pass Stage 1.
Yes, existing startups can also join COLAB.
No, COLAB is not currently involved in funding startups. We help create startups that do not need funding by forming professional teams.
No, professionals of any level can join the club, from beginners to experienced.
Yes, all work at COLAB is done online, with a flexible schedule.
Participants are only required to contribute their work to the startup they would like to join.
Joining COLAB does not provide a salary. Here we create startups, depending on their success, you can earn an income.
Everything at COLAB is done online and on a flexible schedule. Calls are organized regularly (mostly in the evenings, so that it is convenient for everyone to join), which can be once or several times a week.
As with any business, by joining a startup within COLAB, you become a partial owner. This means you are entitled to a share of the business’s revenue as well as any proceeds from its future sale.
Startups can have an average of 3-5 founders, among whom the shares are divided. Participants can receive 5-50%, depending on the requirements of the specific project, specialization, time allocated, as well as negotiations and other factors.
When joining a startup project, each participant commits to fulfilling all tasks within their professional field in exchange for the share they receive. The specific duties and scope of responsibilities are clearly defined and agreed upon before joining the project.
Any type of IT startup (and not only) that focuses on technological solutions can be created in COLAB. COLAB has startups in the following areas: 1. FinTech (financial technology), 2. MedTech (medical technology), 3. EduTech (educational technology), 4. AI Tech (AI technology), 5. SpaceTech (space technology), and many more.
You’ll be introduced to specific startups when their founders reach out to you for collaboration.
The work carried out within the formed startups is entirely at the discretion of its founders (the format, hours, programming language, and anything else is determined by the founders based on discussions). All terms of cooperation are agreed upon with the participants in advance.
