Orion and uGlobally Partner to Position Armenia as Innovation Hub

December 17,2024

[New York City – The Hague - Yerevan, December 17, 2024 ] – Orion Worldwide Innovations, a startup growth and ecosystem acceleration hub, and uGlobally, a consultancy specializing in international expansion for startups, have signed a Memorandum of Understanding (MOU) on November 1, 2024 to collaborate on driving innovation and scaling opportunities for startups worldwide.

This partnership combines Orion’s cutting-edge evaluation platform, Orion Score™, with uGlobally’s expertise in global market-entry strategies to create a robust ecosystem of support for emerging businesses since 2016. For companies aiming to expand internationally, uGlobally provides tools like a Market Fit Calculator, ecosystem mapping, and strategic matchmaking to ensure successful international ventures.

Orion, founded in 2017, offers a full-service package to make companies investable, enter the U.S. market, enhance customer acquisition strategies, stay competitive, and protect their innovations. With offices in New York City and Yerevan, Armenia, Orion partners with companies and investor networks worldwide. Together, the organizations aim to unlock new funding opportunities, provide strategic guidance, amplify the visibility of promising startups, organize startup acceleration events, and introduce and bring investor networks to Armenia.

“Our commitment is to expand the reach of Armenian-led startups globally by connecting them with investors and fostering innovation through initiatives like the Alternative Investment Establishment programs,” said Rodrigo Olmedo, Director of uGlobally and Fernanda Neumann, Partner & COO of uGlobally. Mobilizing a global network of investors and resources, uGlobally will promote Armenian startups through ecosystem events while driving sustainability and innovation awareness in startup operations.

“Orion aims to empower startups by providing access to a global network of experts, investors, tools and solutions like Orion Score™, enabling innovation validation and strategic industry collaboration,” said Emma Arakelyan, CEO of Orion Worldwide Innovations and Diana Arzumanyan, CEO & Co-Founder of Orion Worldwide Innovations Armenia. Orion will provide access to a vast network of industry specialists and investors, support intellectual property monetization, and promote projects in Armenia and globally to position the country as a hub for innovation.

The two organizations will ensure consistent and transparent communication to maximize the impact of their collaboration. All public relations and marketing efforts will align with the vision of empowering startups to succeed on a global scale.

About uGlobally:
uGlobally isn't just tearing down international barriers; we're creating global bridges that unite entrepreneurs and ecosystem builders worldwide. Since 2016, we've empowered over 800 clients from more than 45 countries to successfully access and thrive in new markets through our tailored services.

About Orion Worldwide Innovations:
Orion Worldwide Innovations is a startup growth and ecosystem acceleration hub and offers a full-service package to make companies investable and enter the US market, enhance their customer acquisition strategies, stay competitive, and protect their innovation. Orion is a U.S.-based company that was formed in 2017, with offices in New York City, U.S., and Yerevan, Armenia, though Orion partners with companies and investor networks worldwide.