In Armenia, several organizations and institutions provide non-banking funding to support businesses, startups, and various sectors. These funding sources include venture capital, grants, private equity, and government-backed initiatives. Here are some key providers:

1. SME DNC of Armenia (Small and Medium Entrepreneurship Development National Center)

• Offers grants, financial guarantees, and interest subsidies to small and medium-sized enterprises (SMEs) to encourage growth, innovation, and export.

2. Enterprise Incubator Foundation (EIF)

• Supports tech startups and innovation-based companies by providing grants, incubation, acceleration programs, and venture funding through partnerships with local and international organizations.

3. FAST Foundation (Foundation for Armenian Science and Technology)

• Provides grants and venture capital to startups and companies working in science and technology. FAST offers innovation challenges and investment in breakthrough ideas, particularly in AI, biotech, and advanced technologies.

4. Private Equity (PE) and Venture Capital Sector

• A growing venture capital sector that includes local and international investors, such as Granatus Ventures and HIVE Ventures, supporting early-stage startups and tech companies
• EBRD-backed EU-Armenia SME Fund managed by Amber Capital Armenia invests in various sectors of the Armenian economy

5. International Financial Institutions 

• Asian Development Bank, KfW, Offer grants and co-financed projects that aim to promote private sector development, infrastructure, and sustainability projects in Armenia.
• EBRD provides equity investment, loans, and advisory services to private companies in Armenia, especially for sustainable and innovative projects.
• Various international organizations, such as USAID, World Bank, and GIZ, provide grants and technical assistance to support entrepreneurship, innovation, and sectoral development in Armenia.

6. Impact Investment Firms

• Firms like Impact Hub Yerevan provide funding and resources to socially responsible businesses that aim to tackle societal and environmental challenges through sustainable business practices.