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Ukrainian Startups Receive €12 Million from Seeds of Bravery Project
The Seeds of Bravery initiative has funded 318 Ukrainian startups with €12 million over the past two and a half years. The program aimed to support technological businesses amid the ongoing war, according to the Ministry of Digital Transformation.
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Photo: Ukrinform UA
At a glance
- 318 Ukrainian startups received a total of €12 million in funding.
- The program facilitated access to 34 international conferences and 61 coworking spaces.
- Over 600 meetings were organized with potential clients, engaging 2,430 European investors.
- 236 scientists participated in entrepreneurship training; 20% launched tech projects.
- The initiative was backed by a consortium including European partners.
Why it matters
The funding signifies critical support for Ukraine's tech sector amidst ongoing conflict. It enables startups to access international markets and enhance their growth potential.
https://www.ukrinform.ua/rubric-economy/4108395-za-proektom-seeds-of-bravery-ukrainski-startapi-otrimali-12-miljoniv.html
What Happened
The international project Seeds of Bravery has successfully financed 318 Ukrainian technology startups, amounting to a total of €12 million since its inception. This funding initiative, which started on December 20, 2023, aimed to bolster the Ukrainian tech sector during these challenging times, particularly in the context of the ongoing conflict with Russia.
Key Details
According to the Ministry of Digital Transformation, the project has concluded after two and a half years of operation. Throughout its duration, it helped Ukrainian innovators participate in multiple international conferences, totaling 34 events, and facilitated access to 61 coworking spaces across Europe.
The initiative also included entrepreneurship programs, with 236 scientists participating, 20% of whom launched their own tech projects. Additionally, 100 entrepreneurs enhanced their leadership skills through the FEL program.
The project was implemented by a large consortium of partners from Ukraine and the EU, including organizations such as FundingBox, the Ukrainian Startup Fund (USF), CyberInnovate, INNOV8, EIT Health, and Plug and Play, along with several other accelerators and hubs.
Why It Matters
This funding marks a significant investment in the Ukrainian tech ecosystem, helping startups gain international recognition and expand their market reach. The success of the Seeds of Bravery initiative illustrates the resilience of Ukrainian entrepreneurs despite ongoing challenges.
Background
The Seeds of Bravery initiative was launched as part of a broader European Union effort to strengthen Ukraine's deep tech industry. This program aligns with the EU's broader goals of supporting Ukraine amidst the current geopolitical landscape.
Alongside this effort, the European Commission has also introduced the AGILE funding tool, allocating €115 million to support revolutionary defense technologies quickly. The culmination of these initiatives reflects a sustained commitment to fostering innovation in Ukraine during this tumultuous period.
Source: Ukrinform UA
This report is maintained as a live newsroom article. Headlines and top paragraphs may be tightened when fresh reporting changes the clearest angle.
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