Innovation Development Fund
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The Innovation Development Fund in Ukraine, often referred to as the Ukrainian Startup Fund (USF), is a government initiative aimed at supporting and financing early-stage startups and innovative projects. It provides grants to Ukrainian entrepreneurs, particularly in the technology sector, to foster innovation, economic growth, and the development of the country's startup ecosystem. The fund focuses on areas such as IT, AI, healthcare, agritech, and more, and serves as a key player in bridging the gap between Ukrainian startups and international investors. USF has significant experience in the implementation of European Framework Programmes (Horizon Europe, Digital Europe) such as Seeds of Bravery (support of Ukrainian start-ups), Wennovate (development of energy innovation ecosystems), WIN2EDIH (European digital innovation hub). Cross-border cooperation, knowledge transfer and capacity building to develop European innovation ecosystems and bring ecosystem stakeholders closer together - this list is not exhaustive, but will be the most relevant to the start of the collaboration.
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