New Ukrainian IT startups are being offered grants of up to $50,000 for development.

The Ukrainian Startup Fund and the Western NIS Enterprise Fund are grant programs that support Ukrainian technology companies, with a total budget of $2.5M. The program will provide opportunities to receive grants of up to $25,000 for projects at the pre-seed stage and up to $50,000 at the seed stage.

At one time, startups such as Esper Bionics, Upswot, Finmap, Zeely, Mate Academy, and Harmix all took advantage of similar opportunities, and today, these companies are known worldwide.

It is tentatively planned to finance 74 teams, where 48 are at the pre-seed stage, and 26 are at the seed stage. Applicants who have not had any investment, grant funds, or government assistance exceeding a $500,000 equivalent during its entire period of activity can apply for the grants. The program lasts until December 31, 2025.