Google allocates another $10M to support Ukrainian startups.

Technology giant Google launched the second fund within the Startup Ukraine Support Fund initiative with a budget of $10M to support Ukrainian startups during 2024 and 2025. As in the first stage, the selected Ukrainian startups will be announced gradually during the year. They will receive up to $200,000 in equity-free funding, as well as Google mentorship, product support, and $300,000 in Google Cloud credits.

It is noted that since the beginning of the devastating war in Ukraine, Google has allocated more than $45M in direct aid and $7M to support humanitarian efforts to benefit people in Ukraine.

“In March 2022, Google created the Support Fund for startups in Ukraine (Google for Startups Ukraine Support Fund), which has provided 58 recipients with financial support for $5M in the form of grants without raising capital,” Google emphasized.