REUTERS
The next Pitch Day will be held in early March.
Ukraine's Finance Ministry says the Supervisory Board of the Ukrainian Startup Fund has decided to provide grants to the first eight projects that presented their ideas at the first Pitch Day on January 25.
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Seed grants (worth UAH 1.25 million/US$50,979 each) will be provided to the following companies:
AeroDrone (integrated solutions based on drones);
GeoDesign.info (an online analytical center providing information about benefits and risks of opening a store/café/beauty salon depending on location);
BIOC (bioplastic technology);
FieldBI (an analytical and expert system for improving decision performance);
Pravoman (a chatbot on legal issues); and
Framiore (women's clothing brand with its own sewing production), the ministry's press service said on February 7.
Pre-seed grants (worth UAH 625,000/US$25,489 each) will receive:
Pytag (an analytical platform for grain trade); and
BioBin (a mobile app for managing consumption and waste).
The next Pitch Day will be held in early March, the press service said.
As UNIAN reported earlier, Ukraine's Cabinet of Ministers in December 2019 announced it had begun accepting applications from entrepreneurs for financing from the Ukrainian Startup Fund, which will sponsor creative companies that need resources.
Ukrainian Prime Minister Oleksiy Honcharuk says the Fund is expected to have UAH 440 million (US$17.9 million) in grants.
The fund finances almost all areas except gambling, the production of hazardous substances, alcohol and tobacco production, as well as military and nuclear technologies.