A new €12M grant fund for startups is launched in Ukraine.

The European Innovation Council will provide €20M for the development of innovations in Ukraine. The Seeds of Bravery project will last two years and plans to allocate €12M in funding. In addition to grant funding, activities to attract additional investments, promotion of Ukrainian projects, training of entrepreneurs, programs for entering international markets, and integration of the Ukrainian innovation ecosystem into the European network are planned.

“Under the Seeds of Bravery program, it is planned to help about 200 Ukrainian startups,” explained the Minister of Digital Transformation, Mykhailo Fedorov.

The Seeds of Bravery initiative focuses on innovative solutions to rebuilding Ukraine. The startups that provide innovative services or engage in creative entrepreneurship, as well as projects aimed at commercializing scientific research, can apply for grants. Each company will be able to attract up to €60,000 in grant funding.