The Ukrainian Startup Fund will start accepting applications from startups in November 2019, and plans to hold a pitch event in December, member of the fund’s supervisory board Lesia Sevruk has told Interfax-Ukraine. “At present, a portal is being developed through which applications will be submitted. Accordingly, they are not yet available. Submitting applications through the portal is fundamental for us to minimize the subjective influence of the fund’s employees on the selection process. We plan to receive applications in November, and an event in December,” she said.
According to her, the fund’s supervisory board has approved the procedure for issuing grants and regulations on the commission and expert council.
“In the near future we will form a commission and an expert council,” Sevruk added.
As reported, the Ukrainian Startup Fund with a budget of UAH 400 million was launched in July 2019. The fund plans to give grants to startups at an early stage in the amount of $25,000 to $75,000. The fund announced the first five transactions by the end of 2019.