Discovering the Future
Science and Technology Angels Network
STAN is a spun-off program of FAST.
Learn more on STAN's official website:
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General Information

The Science and Technology Angels Network unites a group of prominent Armenian professionals from all over the globe to invest in idea to seed-stage Armenian startups engaged in science and technology innovation

Science and Technology Angels Network (STAN) program was created in early 2018 by FAST to create a new pathway for direct foreign investment and private equity flow into Armenia’s ICT ecosystem. STAN has grown from 18 founding angels to over 40 and growing. On June 30th, 2023, STAN spun off from FAST and was established as a separate not-for-profit organization embarking on a new level of fostering the Armenian startup ecosystem.

STAN provides access to risk capital and offers vast expertise that will be leveraged to support the companies with strategic advice, mentorship, and connections for their development. STAN members share a common vision of making Armenia a research and innovation powerhouse.

For more information about STAN's current mission, please visit the website:

“One of the advantages of our Network is the “Smart money” concept. The Network will not only offer financing, but also it will take part in management by sharing their experience and knowledge with young entrepreneurs”.

Ruben Arutyunyan

The objectives of the STAN are as follows:

  • Facilitate joint investments in science and technology startups in Armenia,
  • Share best practices among business angel investors, expand their network and increase investors’ non-financial value through their membership,
  • Assist in communication with potential investors and partners of angel investors,
  • Support each member in pursuing their investment policies for increasing the value of the investments.
Investment Tracks