The Ukrainian Startup Fund (USF), with the support of the Ukraine-Moldova American Enterprise Fund (UMAEF), has held a series of pitch days and determined the winners of its grant competition. According to the Ministry of Statistics, ten Ukrainian startups received a total of $350,000 in funding.
These funds will contribute to the implementation of innovative ideas and support the Ukrainian startup ecosystem.
According to the jury’s results, 4 teams received $50,000 seed-stage funding and 6 teams received $25,000 each at the pre-seed stage.
The following startups received $50,000 each:
-
Swapp, an application for buying, selling, and swapping clothes;
-
Banani AI, an interface design generator based on short text descriptions;
-
Natulang, a language learning application using speech recognition and speech synthesis technologies;
-
Sitniks, a platform that helps retailers increase profits by automating marketing tools and key business processes.
A grant of 25,000 each will be awarded to:
-
Crosscheck Sustainability Suite, an enterprise platform that simplifies the external audit process and accelerates compliance audits by a factor of three;
-
iPlayARt, an AR application for learning to play musical instruments using augmented reality technologies.
-
Tayra, a system that integrates the necessary information into the existing medical database used by the doctor during the patient's appointment.
-
Bliss Brain, an innovative meditation application based on artificial intelligence.
-
Neomi, an automated platform that purchases products according to the user's individual needs.
-
Robol, a developer of humanoid robots and autonomous coffee shops that independently prepare drinks, accept payments and attract customers.
In total, the program plans to allocate $2.5 million to support promising Ukrainian companies at their pre-seed and seed stages.
