Business news from Ukraine

COMPETITION COMMITTEE OF UKRAINIAN STARTUP FUND DEFINES THREE STARTUPS TO GET $50,000 GRANT

The competition committee of the Ukrainian Startup Fund according to the results of the 13th Pitch Day has defined three more startups, which will be considered by the supervisory board and approved for a grant of $50,000, the press service of the fund reports on Facebook.
In total, ten projects took part in the pitching, of which three projects at the seed stage became the winners, scoring 15 points or more:
– a platform that allows hospitality companies to automate voice communications with clients using the artificial intelligence Outloud.ai (20.7 points);
– the Esper Bionics startup, developing the next generation of hand prostheses and a cloud platform as a service that teaches prostheses the user’s habits, improving management (20 points);
– the online application for organic development and monetization of social media profiles IGnation (15.3 points).
The funds will be transferred after the relevant decision of the fund’s supervisory board.
In general, as of October 2020, there are 2,178 applications.
The Ukrainian Startup Fund is a state fund established at the initiative of the Cabinet of Ministers. Its purpose is to provide financing to technology companies in the early stages of development (pre-seed and seed).

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