KYIV. July 24 (Interfax-Ukraine) – Prime Minister of Ukraine Volodymyr Groysman has supported the offer of the Ukrainian Venture Capital and Private Equity Association (UVCA) to create a “fund of funds” to support Ukrainian start-ups on the terms of public-private partnership, according to the government online portal.
“Prime Minister of Ukraine Volodymyr Groysman advocates the creation of a large fund to support Ukrainian start-ups, which can be financed from the national budget and by large international investors,” the report reads.
According to its data, participants in a meeting on the premier and the members of the UVCA supervisory council noted that investors are interested in investing in a number of industries in Ukraine, in particular the IT sector, cyber security, dual-purpose technologies, and military technologies. Thus, the establishment of the fund could help optimize seeking and inviting large investors.
“The head of government proposed formulating the concept of the fund’s work and combining its activities with the work of the Innovation Council, which will be approved in the near future,” the report says.
Among the participants in the meeting were the head of the UVCA supervisory board, the founder and managing partner of AVentures Capital, Andriy Kolodiuk, the founder and managing partner of Horizon Capital, Lenna Koszarny, and UVCA Executive Director Olha Afanasyeva.
