Impact Hub Yerevan

Name

Impact Hub Yerevan

Legal name

Impact Hub Armenia Social Innovation Development Foundation

Website

https://yerevan.impacthub.net

Company type

Private

Founded year

2016

Operating status

Operating

Ownership category

akta.pro rank

Product category

Social Innovation Hub / Coworking Services

NAICS

Social Advocacy Organizations (8133)

SIC

Services-Social Services (8300), Services-Facilities Support Management Services (8744)

akta.pro primary industry

Financial Inclusion & Consumer Empowerment (Banking Access, Credit Building) (BPAGALAJ)

akta.pro secondary industry

Impact Investment & Social Finance Programs (BPADAOAJ)

Keywords

• Coworking space memberships
• Social innovation hub
• Fellowship incubation programs
• Circular economy training
• Event space rental

Headquarters

HQ city

Yerevan

HQ country

Armenia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Coworking Memberships: Monthly membership tiers providing access to coworking space, meeting rooms, and global Impact Hub network. Tiers range from Hub Connect (1 day/month) to Unlimited (24/7 access) and Fixed Desk options.
2. Event Space Rental: Hourly, half-day, and full-day rental of meeting rooms and event spaces including Be Brave (up to 30 people), Sasuntsi Davit (up to 15 people), Open Space (up to 80 people).
3. Event Planning Services: Professional event planning and management services including event coordination, catering coordination, logistics, content development, audiovisual setup, and full-service implementation.
4. Fellowship & Program Fees: Grant-funded fellowship and incubation programs supported by partners including EU, ACBA Federation, Ucom, Vahé & Lucie Foundation, and others. Programs provide financial awards and seed funding to participants.
5. Donations: Tax-deductible donations supporting fellowship programs, Impact Hub Syunik, and general operations.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

Impact Hub Yerevan is a non-profit social innovation hub operating a physical coworking and community space in Yerevan, Armenia. It offers flexible coworking memberships (daily pass to dedicated office), meeting and event space rentals, professional event planning services, and a portfolio of fellowship and incubation programs for social entrepreneurs. Members also gain access to the global Impact Hub network spanning 120+ locations worldwide.

Product overview

Impact Hub Yerevan is a non-profit social innovation hub operating as a physical coworking and community space combined with fellowship/incubation programs. The core offerings include flexible coworking memberships (Daily Pass, Hub 80, Unlimited, Fixed Lite, Fixed Desk, Office, Team Desk, Hub Connect, and Alumni tiers), event space rental (meeting rooms named Be Brave, Sasuntsi Davit, Do What You Love, and Open Space), professional event planning services, and various fellowship/incubation programs. The organization runs specialized programs including CIRCO circular economy training (Armenia's only certified CIRCO Hub), Three4ResilientArmenia acceleration, CirculaTIA tourism incubation, BRIDGE regional entrepreneurship education, and CB-ILM youth mobility initiatives. Members gain access to a global network of 120+ Impact Hubs worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Social Impact Award (SIA): Youth social entrepreneurship program implemented by Impact Hub Yerevan in Armenia since 2019
• CIRCO Hub Armenia
• Collaborate for Impact

Products and services

• Coworking Memberships Flexible workspace memberships ranging from Daily Pass to Unlimited 24/7 access, including Hub 80, Fixed Lite, Fixed Desk, Office, Team Desk, Hub Connect, and Alumni tiers. Members receive meeting room credits, Global Passport access to 120+ Impact Hubs, and 20% discount on services.
• Event Space Rental Rental of meeting rooms (Be Brave up to 30 people, Sasuntsi Davit up to 15 people) and Open Space event venue (up to 80 people, 290m²). Available by 4-hour or 8-hour blocks with WiFi, projector, and writable glass included.
• Event Planning Services Professional event planning and management including event coordination, catering coordination, logistics, content development, audiovisual setup, and full-service implementation for corporate and community events.
• Fellowship & Incubation Programs Multi-sector fellowship and incubation programs for social entrepreneurs including Vahé & Lucie Fellowship (creative industries), ACBA Federation Fellowship (agriculture/rural development), Ucom Fellowship (technology/environment), Zartir Fellowship (social impact), and Women's Entrepreneurship Fellowship. Programs include workshops, mentorship, peer learning, pitch competitions, and financial awards/grants.
• CIRCO Circular Economy Training CIRCO-certified circular business design training delivered through Initiate, Ideate, and Implement phases, teaching circular economy principles to help businesses transition toward sustainable models. Impact Hub Yerevan is Armenia's only certified CIRCO Hub with over 100 businesses trained since 2021.
• Three4ResilientArmenia Acceleration Program Seven-month acceleration program for market-proven SMEs led by displaced entrepreneurs from Nagorno-Karabakh. Includes workshops, mentorship, and grants of up to €60,000 for exceptional performers.
• CirculaTIA Incubation Program Incubation program combining circular economy with tourism innovation, supporting SMEs across six Armenian regions to transition toward sustainable, circular, and energy-efficient business models.

Quantifiable outcome

• 500+ workshops and events hosted since 2016
• +3 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

28 partnerships are on record, tiered core and secondary.

• Impact Hub Global NetworkcoreStrategic or Co-development PartnerPart of the global Impact Hub network spanning 120+ locations in 65+ countries. Provides members with Global Passport access (3 days/month), cross-border networking, and international best practice sharing. Enables Impact Hub Yerevan members to work from any global location.
• ACBA FederationcoreStrategic or Co-development PartnerLongstanding partnership since 2018 delivering the ACBA Federation Fellowship Incubation Program. Nearly 170 individuals have participated. Program focuses on agriculture, rural development, agro-tourism, sustainable energy, and healthy food sectors.
• Vahé & Lucie FoundationcoreStrategic or Co-development PartnerPartnership delivering the year-long Vahé & Lucie Fellowship in Creative Industries. Provides $3,000 financial award for top-performing fellows. Focus on preserving Armenian culture through creative entrepreneurship.
• UcomcoreStrategic or Co-development PartnerPartnership for Ucom Fellowship Incubation Program focusing on technology and environmental sustainability. Ucom provides mentorship from their professionals and financial awards of 400,000 AMD for best 3 ideas.
• GIZ GmbHcoreStrategic or Co-development PartnerImplementing partner for CirculaTIA program combining circular economy (Circul) with tourism innovation (TIA). GIZ provides technical expertise and funding through EU-funded PSD TVET and SE4Resilience projects.
• Armenian Caritas Benevolent NGOcoreStrategic or Co-development PartnerImplementing partner in Three4ResilientArmenia project. Provides comprehensive socio-economic support including employment assistance, livelihood programs, and housing support for displaced populations.
• IRIS Business Incubator FoundationcoreStrategic or Co-development PartnerImplementing partner in Three4ResilientArmenia project. Contributes business incubation expertise and pre-acceleration/acceleration program delivery for displaced entrepreneurs.
• Izmirlian FoundationsecondaryStrategic or Co-development PartnerPartnership for tourism fellowship programs supporting entrepreneurs in tourism sector development in Armenia.
• UNDP ArmeniasecondaryStrategic or Co-development PartnerPartnership on social entrepreneurship development and innovation initiatives in Armenia.
• Teach For ArmeniasecondaryStrategic or Co-development PartnerCollaboration on education and youth empowerment initiatives within the changemaker ecosystem.
• British Embassy YerevansecondaryStrategic or Co-development PartnerPartnership supporting various social impact programs and initiatives in Armenia.
• U.S. Embassy ArmeniasecondaryStrategic or Co-development PartnerPartnership supporting entrepreneurship and innovation programs including EdTech Armenia Hackathon.
• IDeA FoundationsecondaryStrategic or Co-development PartnerSupport for social innovation and entrepreneurial ecosystem development in Armenia.
• Social Impact Award GlobalcoreStrategic or Co-development PartnerGlobal network partnership since 2019 implementing Social Impact Award in Armenia, supporting youth-led social innovation with annual programs and awards.
• Accelerate 2030secondaryStrategic or Co-development PartnerGlobal program supporting scaling of impact-driven ventures across multiple countries.
• CIRCO (Netherlands)coreTechnology or IntegrationLicensed partnership to deliver CIRCO Circular Business Design Track in Armenia. Provides methodology, training certification, and connection to global network of circular frontrunners.
• Armenian General Benevolent Union (AGBU)secondaryStrategic or Co-development PartnerPartnership supporting Armenian diaspora engagement and entrepreneurial development.
• Prague Civil Society CentresecondaryStrategic or Co-development PartnerPartnership for sustainability through social entrepreneurship programming.
• IDBanksecondaryStrategic or Co-development PartnerFinancial sector partnership supporting entrepreneurship programs.
• Ararat-banksecondaryStrategic or Co-development PartnerBanking partnership for entrepreneurship support.
• Sustainable Finance ForumsecondaryStrategic or Co-development PartnerPartnership supporting sustainable finance and impact investing initiatives.
• Garage 48secondaryStrategic or Co-development PartnerHackers and makers community partnership for innovation events.
• Corporacion AmericasecondaryStrategic or Co-development PartnerSupporting entrepreneurship ecosystem development.
• American University of Armenia (AUA)secondaryStrategic or Co-development PartnerAcademic partnership for fellowship programs and educational initiatives.
• Impact Hub TbilisicoreStrategic or Co-development PartnerRegional partner in BRIDGE project connecting Armenia and Georgia with V4 countries (Slovakia, Czechia) for social entrepreneurship education.
• Impact Hub PraguecoreStrategic or Co-development PartnerEuropean partner in BRIDGE project sharing non-formal education models and mentoring practices.
• KOLABO (Coworking Cvernovka)secondaryStrategic or Co-development PartnerSlovak coworking partner in BRIDGE project for youth entrepreneurship capacity building.
• Social Impact Award Austria and GermanycoreStrategic or Co-development PartnerCoordinator of CB-ILM Erasmus+ Youth project, implementing international non-formal learning mobility programs.

Scale indicators18 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Impact Hub Global Network: Parent/umbrella network of Impact Hubs spanning 120+ locations in 65+ countries. Directly comparable as the franchise/affiliation model that Impact Hub Yerevan operates under, sharing the same coworking + incubation + community playbook.
• Impact Hub Tbilisi: Sister Impact Hub in neighboring Georgia and direct partner in the BRIDGE project. Operates the same coworking + fellowship + community model in a comparable Caucasus market, making it the most directly comparable peer.
• Impact Hub Prague: Sister Impact Hub in Czech Republic and BRIDGE project partner. Runs a more mature version of the same impact-incubator + coworking model in a larger EU market, providing a useful benchmark for scaling.
• Impact Hub Vienna: European Impact Hub with extensive impact incubation and venture programs. Operates a similar coworking + accelerator + venture support model and is a coordinator of the CB-ILM Erasmus+ project alongside Impact Hub Yerevan.
• KOLABO Coworking Cvernovka: Slovak coworking and youth entrepreneurship partner in the BRIDGE project. Directly comparable as a regional coworking operator partnering with Impact Hub Yerevan on capacity building and youth entrepreneurship programs.
• IRIS Business Incubator Foundation: Armenian business incubator implementing the Three4ResilientArmenia acceleration program alongside Impact Hub Yerevan. Direct peer operating in the same Armenian market with overlapping social entrepreneurship and acceleration services.

Broad incumbents

• Ashoka: Global social entrepreneurship support organization operating a fellowship network and changemaker support infrastructure. Comparable as a broader incumbent supporting social entrepreneurs, though at a different (fellowship-only) layer than Impact Hub Yerevan's combined workspace + programs offering.
• Social Impact Award Global: Global youth social innovation program of which Impact Hub Yerevan is the Armenia implementing partner since 2019. Comparable as the broader program network that supplies Impact Hub Yerevan with global recognition and award infrastructure.

Emerging players

• NESsT: Nonprofit that supports social enterprises in Central and Eastern Europe and Latin America with incubation and investment readiness. Comparable as an emerging social enterprise development organization targeting similar impact entrepreneur segments in emerging markets.

Others

• Teach For Armenia: Armenian education and youth empowerment partner collaborating with Impact Hub Yerevan on changemaker ecosystem programs. Comparable as a local ecosystem peer in the broader Armenian social impact landscape.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ImpactHubEVN
• Facebookfacebook.com/impacthubyerevan
• LinkedInlinkedin.com/company/18173797
• Instagraminstagram.com/impacthubyerevan

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Impact Hub Yerevan