Ukrainian startups Fund will allocate more than $18 million on development projects

Ukrainian Fund for startups has already started accepting applications. By the end of the year, selected projects will be given 40 million hryvnia (about $1.6 million) in funding. This was announced by Prime Minister of Ukraine Alexey Goncharuk at the briefing dedicated to the launch of receipt of applications.

The head of government called the new Fund a tool that allows the state to support start-UPS in the initial phase.

According to Goncharuk, for these purposes, the Fund will allocate 440 million hryvnia (over us $18 million). Part of the funds distributed in the current year, 240 million ($10 million) in 2020. Each team can receive up to $75 thousand.

The priorities are innovation projects, including artificial intelligence, blockchain, robotics, Big Data, software development and others.

Among the main criteria of selection of projects: only Ukrainian business in the initial stages of development focused on making a profit. Particular attention will be paid to the team.

The representative of the Fund Les Sevruk said that the state strives to distance itself from making decisions on applications:

«The Supervisory Board of the Fund only 2 of the 7 — state representatives, and other representatives of the market.»

Earlier, Ukraine introduced a bill on the regulation of kryptonyte. About what the future of the Ukrainian traders and the whole economy of the country, ForkLog talked with the Deputy of the Verkhovna Rada, the head of MFO Blockchain4Ukraine Alexei Smartexam and the head of group of advisers Blockchain4Ukraine Konstantin Yarmolenko.


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