This plan is brilliant. I am glad to be an advisor to this project.

1. ©2017 HubSV, Inc.
PROJECTARMENIA
Silicon Valley Impact Accelerator &
Regional Innovation Fund
TM

2. What are we
creating?
Silicon Valley
integration
with the
South
Caucasus &
Black Sea
Region
Silicon Valley Impact Accelerator in
Yerevan - expanding to the larger region
2
▪ Wrap Silicon Valley around existing innovation initiatives
▪ Foster and accelerate local startups targeting Silicon Valley’s
high standards
▪ Focus on the positive impact on
human/global condition
(“impact startups”)
▪ Over time, raise an evergreen
regional follow-on fund to support
the most successful startups over
the longer term

3. 3
What is the
5-Year Plan
for the
region?
Pilot:
12-Month
Program
Five-year
Path to
Sustainable
Hub in
Armenia
Scale to 5+
Locations and
Matching
Investment
Funds
Pilot program; budget from
Regional Innovation Fund (RIF)
Armenia: $5 million
● $3 mil. for acceleration,
prototype & ecosystem
development
● $2 million for startup
grants
Pilot consists of two cohorts of
startups in year 1
UNDP, SEAF, HubSV, NSI
raise this with other partners
Year 2 through Year 5 budget
to sustainability: $14m
● An additional $3.5m
each year (Y2-Y5):
$1.5m for acceleration;
$2m for startup grants
● Each year’s investments
will be identified as
distinct tranches
Raise evergreen regional
follow-on fund
Capital requirements will
depend on specific
locations, etc.
Network of additional
Hubs and Regional
Innovation Funds (RIFs)
will provide Armenia with
access to larger markets
Region: Armenia, Georgia,
Moldova, and others

4. What is
HubSV?
Not just
another
startup
incubator
or accelerator
HubSV’s success criteria go beyond
accelerating startups
▪ Attract foreign startups & investments to the location
▪ Incorporate Impact criteria into success metrics
▪ Provide “Impact Certification”* for startups
▪ Create future-oriented jobs in Armenia
▪ Help develop the innovation ecosystem to support regional
startups not suitable or ready for venture capital
▪ Build regional evergreen
follow-on fund
* Impact Certification: To be developed in
coordination with existing impact metrics
4

5. 5
What is the
HubSV
Program?
From 250 applicants,
the program rigorously
screens, sorts, guides,
and mentors new
companies. The goal is
to bring a select few to
Silicon Valley for
pitches, SV-immersion,
and more!
APPLICATION
National call for
applications, with
up to 250 startup
companies applying
SCREENING
Startups are
evaluated and
scored; the top 30
startups are selected
for BootCamp
SELECTION
Investors select the top
five startups to travel to
Silicon Valley for the
Immersion Program
REMOTE MENTORING
The top 20 startups
engage in weekly
mentoring sessions via
video conferencing for
three months
BOOTCAMP
Two-week BootCamp
introduces mentors and
Silicon Valley best practices;
The top 20 receive
mentoring and up to $50K
in performance grants
SILICON VALLEY
IMMERSION
Two weeks of intensive
pitch preparation,
exposure to Silicon
Valley culture, and an
introduction to Silicon
Valley investors
20205
250 30 3020
5
30
20

6. 6
The HubSV
Program
accelerates
both startups
and the
surrounding
innovation
ecosystem
In a Program Year:
At least 5500
hours spent
directly
mentoring 40
startups
More than
1600 hours
invested in
initial
innovation
ecosystem
development
In Year 1:
We Count Results

7. HubSV’s
Silicon Valley
Mentor
Community
7
Life Science, Enterprise,
Tourism, Mobile, Biotech,
VR/AR, AI, Logistics, IOT,
Women Entrepreneurs,
Marketing, Sales, eCommerce,
Big Data, Autonomous
Vehicles, Real Estate,
Robotics, Fintech, Sports,
Healthcare, Sustainability,
Nano, Space, Media, SaaS,
EdTech, Blockchain, Cyber
Security, Food, Wine, & more!

8. 8
HubSV’s overall Impact
goal is to improve job
creation & innovation
(SDGs 8 & 9)
Many of the SDGs
translate into high-
priority venture capital
investment areas: Life
Science, Biotech,
Energy, IOT, EdTech,
and Cyber Security/AI
Armenia’s expected
technology sweet spot:
Advanced Math
Technologies, relevant
to most of the SDGs
Credit: Stockholm Resilience Centre
United Nations’
Sustainable Development Goals (SDGs) for 2030

9. Aggregating Impact
Modeling Georgia Prototype Startups
13
Bubblestack
Hydroponic Farming
QuickCash
Small Business Lending
Hand4Help
Childrens’ Prosthetics
Wisekettle
Intelligent Baby Bottles
ORSim
Surgery Simulation
InnoPhage
Penicillin Alternative
Job #8,
Innovation #9
#2.3: Agricultural efficiency
#6.4: Water efficiency
#8: Job & Wages
#9: Innovation
#3.8: Quality in Meds & Vacc for all
#8: Jobs & Wages
#9: Innovation
#9.3: Access to financial services
#8: Jobs & Wages
#9: Innovation
#3.8: Quality in Meds & Vacc for all
#8: Jobs & Wages
#9: Innovation
#3: Good Health
#8: Jobs & Wages
#9: Innovation
#4.c: Increase supply of qual. teachers
#9.5: Enhance scientific research & increase # of healthcare workers
#8: Jobs & Wages
#9: Innovation

10. Based on our
experience
from the
HubSV
Program in
Georgia, this is
Project
Armenia’s
predicted
outcome
10
Not fundable
Regional; larger
Regional
Funding track
Silicon
Valley-potential
track
Local; Regional
Funding track
Mentoring Program Outcomes

11. Project
Armenia will
be the first
of many
Prototype is ready for replication in
other countries in the region
▪ Accelerator for startups providing positive impact on
human, community, and global conditions
▪ Fund model that can finance each accelerator until it is
sustainable
▪ Fully-developed model to screen, evaluate, and
continually measure startups, combining Silicon Valley
parameters with Impact parameters
▪ Advanced modeling of each potential innovation
ecosystem to tailor HubSV programs for maximum impact
and success potential
11

12. Aggregating Impact
13
Regional Programs
HubSV Global Impact
ARMENIA
30 companies per year for 5 years
Rolling Up Impact created for
Armenia
3-4 impact parameters measured
per company
GEORGIA
30 companies per year for 5 years
Rolling Up Impact created for
Georgia
3-4 impact parameters measured
per company
MOLDOVA
30 companies per year for 5 years
Rolling Up Impact created for
Moldova
3-4 impact parameters measured
per company
next ProgramNordic Program
Impact
Benefits
Impact
Benefits
Impact
Benefits
Impact
Benefits
Impact
Benefits

13. “It takes a
Village to
raise a
Startup”
These are the
Partners &
Subcontractors
for Project
Armenia
Acceleration & Silicon Valley screening criteria
HubSV & its 300+ mentors
Impact criteria/Measuring
UNDP, SEAF, Figbytes, SDGs
Ecosystem Blueprint
Avasant Foundation
Local partnerships: strategic, political, regional
UNDP, SEAF, NSI
Ongoing fundraising
UNDP, SEAF, HubSV, NSI, InterCulture Foundation
Legal & fund management
Engaging leading Impact Fund legal advisor
Professional Fund Management Team (see slide 19)
International tax advisor & accounting firm
VPTax, Greenough Consulting Group
Evergreen follow-on-fund raise
TBD 13

14. Participants
in HubSV’s
Silicon Valley
Investor
Network
14

15. Regional
Innovation
Fund details
15

16. Project Armenia Hub:
Startup Accelerator by HubSV
Regional Innovation Fund
$$$
5% equity
Project Armenia: Private Public Partnership
13

17. Armenia RIF 1 -
Year 1
Armenia RIF 2 -
Year 2
Armenia RIF 3 -
Year 3
Armenia RIF 4 -
Year 4
Armenia RIF 5 -
Year 5
Target $5 million $3.5 million $3.5 million $3.5 million $3.5 million
Use of Funds
Programs &
Prototype Hub
Operating Startup
Hub; 2 Cohorts
Operating Startup
Hub; 2 Cohorts
Operating Startup
Hub; 2 Cohorts
Operating Startup
Hub; 2 Cohorts
RIF’s Target Startup
Ownership Structure
5% equity in 40
companies
5% equity in 40
companies
5% equity in 40
companies
5% equity in 40
companies
5% equity in 40
companies
Armenia RIF 1
Investor Bonus
5% participation in
HubSV’s future
Armenia RIF
ownership
Expected Returns The Regional Investment Fund (RIF) will focus on triple bottom line returns:
● Financial returns from stakeholder gain-sharing and from startup exit events
● Impact returns in support of the United Nations’ Sustainable Development Goals (SDGs)
Armenia Regional Investment Fund details
(planned replication to South Caucasus/Black Sea Cluster)
14

18. Raising
Grants, donations and/or patient investments
15
Project Armenia Year 1 Funding Goal: $ 5,000,000
One time costs, year 1:
HubSV prototype & initial ecosystem
development initiatives $ 1,500,000
RIF annual costs:
Acceleration programs 12 months $ 1,500,000
Performance grants for up to 40 startups $ 2,000,000 (soft-circled)
Already committed for year 1
UNDP for impact acceleration $ 300,000
SEAF $ 25,000
$0
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
$5,000,000
$325,000

19. 19
Project Armenia
Year 1 Budget:
$5,000,000
Program
operations,
backend, and
overhead: 8%
Program Costs:
92%

20. Program
Advisory
Board
20
Ron Weissman
SV Angel investor
& venture capitalist
working with
Armenia
John Evans
Former US
Ambassador to
Armenia
Paul Joyal
US Regional
Expert, Georgia &
Caucasus
Kevin Jones
Co-Founder &
Convener, SOCAP
Co-Founder, Good
Capital

21. 21
Lauryn Agnew, Impact Fund Manager
+1.415.516.3141
laurynagnew@sealcovefinancial.com
Mariianne Crary, COO/Founder
+1.650.621.0880
mmc@hubsv.com
www.HubSV.com

22. What are the
types of
returns we
anticipate?
During the pilot
period, we will
map out details for
the next Regional
Innovation Funds
▪ Impact funds:
If grant = no return, eligible for tax deduction (they fund the impact).
If investments = ROI to be estimated during the pilot project
▪ Foundation:
If grant = no return (they fund the impact).
If MRI = ROI to be estimated during the pilot project
▪ Family Office
If donations = no return, eligible for tax deduction (they fund the impact).
If MRI = ROI to be estimated during the pilot project
▪ Government/UNDP
Grant = no return
▪ Startups (performance stock)
Earn into participation of the fund = model TBD during the pilot
▪ Community *
Micro investment = model TBD during pilot
▪ Local foundation *
Grant = no return, eligible for tax deduction (pay for the impact)
If MRI = ROI TBD during the pilot project
▪ Sponsorships
Grant = no return (pay for the access)
▪ VIP Mentors
Earned in based on performance
All members can participate in follow-up funds after the pilot project and in follow-on
rounds of investments into specific startups
* depending on local tax laws
22