Prime Minister of Ukraine Volodymyr Groysman predicts the launch of the Innovation Development Fund in Ukraine in July this year, according to his Twitter page.
“This year we have allocated UAH 50 million for the Innovation Development Fund, which will start work in July. And this money will be enough to finance up to 80 Ukrainian start-ups, each of which will receive between $25,000 and $75,000,” Groysman said.
Deputy Minister of Finance of Ukraine Oksana Markarova, in turn, said that the idea of creating the fund to support start-ups was positively accepted by businesses.
“A transparent fund, maximally distant from officials, in accordance with the best models that worked in Israel, France and other countries, in which we will attract additional co-investment from our international partners and possibly business, can become a real center of the start-up system in the large innovative galaxy of Ukraine,” she wrote on Twitter.
According to Markarova, on March 20 the council for the development of innovations in Ukraine, created last year, will begin active work on launching the fund and forming its future bodies both within the framework of a specially created working group and jointly with experts and the public.
As reported, in July 2017 Groysman supported the idea of creating a “fund of funds” to support Ukrainian start-ups on the terms of public and private partnership.
