A $5 million fund allocating equity-free cash awards and Google support for Ukraine-based startups
Ukraine has a strong and vibrant startup community. But, as the war extends from days to weeks, Ukraine’s economy and its businesses are facing a significant challenge. There are countless entrepreneurs across Ukraine working in extraordinary circumstances to ensure that their businesses maintain liquidity, continue operations and incentivize further investment. These startups are often working across borders with staff in both Ukraine and neighboring countries. We believe that these efforts should be supported in any way possible.
The non-dilutive $5 million Google for Startups Ukraine Support Fund will be allocated across approximately 50 Ukrainian-founded companies throughout 2022, coupled with Cloud credits and support from Google mentors. This equity-free financial investment and hands-on support are designed to help Ukrainian entrepreneurs maintain and grow their startups, strengthen their community, and build a foundation for post-war economic recovery. The fund will be operated by Huge Thing.
Who should apply
- Startups must be founded and based in Ukraine before February 24, 2022
- Must be post-MVP stage with proven traction (product in market/pilots/early revenue)
- Companies with a social impact mission will be prioritized
- Founders that will use the non-dilutive cash award to: Continue growth/resume business operations impacted due to war / Pivot product to address new challenges and current crisis
Application timeline
The Google for Startups Ukrainian Support Fund was launched in March and will be ongoing throughout 2022. Applications will be open continuously through the form where startups can apply directly or can be referred to the fund. We’re working closely with our local partner, Huge Thing, who will be a part of the selection process and will be responsible for deploying the money. Selected startups will be announced on a rolling basis.
More information at the link.