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Publication date: 08.02.2024
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Many subjects of entrepreneurial activity have the right to receive grant funds for starting a business
Ukraine has various programs and initiatives that provide grants and financial support for business development. Some of them are aimed at supporting small and medium-sized enterprises, others at promoting innovation and startups.
Preparation and submission of an application and business plan preparation and submission is the main stage in obtaining a grant. You will be invited to the review of your application, where you will communicate. Consultation on obtaining grant funding for a personal business increases the chances of a grant agreement.
Before going to the application review, get Consultation prior to the scheduled interview for grant approval for personal business.
Here are some of the most famous programs and organizations that provide grants for business in Ukraine:
Small and Medium Business (SME) Program: This program provides financial support to small and medium enterprises for business development, investment in new technologies, production modernization, etc.
Innovation Fund of Ukraine: This fund provides grants and financial support for startups and innovative projects in various fields, including information technology, medicine, energy, and others.
Horizon 2020 Program: This program of the European Union provides grants for research and innovation, including business projects in Ukraine that cooperate with European partners.
USAID Program "Competitive Economy of Ukraine": This program provides financial and advisory support for business development, improving business conditions and increasing the competitiveness of Ukrainian companies.
The program "Support of agricultural enterprises": This program is aimed at supporting agricultural enterprises and provides grants for the development of agriculture, introduction of modern technologies, improvement of management, etc.
These are just a few examples of programs and organizations that provide grants for business development in Ukraine. It is recommended to conduct additional research and contact the programs directly for more detailed information on the conditions and selection criteria.
Receiving grant funds may be available to different categories of individuals and organizations, depending on the specific program or fund that provides the grants. Determining the funding program category for grant acquisition:
Non-profit organizations (NGOs): These can be charitable foundations, public organizations, associations and other non-profit structures that work in the field of charity, social services, education, culture, health care, etc.
Research and scientific institutions: These can be universities, scientific institutes, laboratories and other scientific organizations that carry out research and development in various fields of science and technology.
Small and medium-sized businesses: These can be enterprises, entrepreneurs and startups looking for financial support for business development, innovation, launch of new products or services.
Individual researchers and experts: These can be scientists, experts in various fields, writers, artists and other creative individuals who are looking for financial support to carry out their projects or research.
Social enterprises: These are enterprises that cooperate with the mission of social responsibility and are aimed at solving social problems or improving the quality of life in their locations.
There are several main categories of business financing programs that are suitable for starting a business under grants, which may include:
Grants and scholarships: These programs provide financial support with grants for business development, research and innovation. They can be aimed at supporting startups, social enterprises, scientific research and other projects.
Credits and Loans: Financial institutions, government organizations, and non-profit organizations can provide credit and loans for business development. These funds can be used to purchase equipment, expand production, launch new products or services, and for other business needs.
Investment programs: Investment funds, angel investors and venture capitalists can provide financial support in the form of investments in exchange for a stake in the company. This can be beneficial for startups and companies looking for capital to grow and expand their business.
Sponsorship Programs: Companies and organizations may provide financial support in the form of sponsorship contributions for promotional activities, events, projects or programs that promote business development.
Public-Private Partnerships: Government and non-profit organizations can enter into agreements with private companies to jointly fund and implement business, infrastructure or innovation projects.
Certain types of activities may be particularly suitable for starting a business with grant support due to their ability to grow and influence social or economic development. Here are some of them:
Social enterprises: A business that has a social mission and is aimed at solving social problems or improving the quality of life of vulnerable population groups.
Ecologically orientedand enterprises: Business that aims to reduce the impact on the environment and preserve natural resources.
Technology startups: Projects that use innovative technologies to solve complex problems or improve certain aspects of life.
The field of education: Projects aimed at improving access to education, improving the quality of education or developing new educational programs.
Medical and social spheres: Projects aimed at improving medical care, developing medical infrastructure or supporting people with disabilities and other vulnerable groups.
Sphere of culture and art: Projects that promote the development of the cultural sphere, support creative industries, or stimulate creativity and innovation in the arts.
Development of small farms: Projects aimed at the development of agriculture, introduction of modern technologies in agriculture or support of agricultural producers.
Please note that you ultimately need advice on obtaining grant funds for your own business from a professional lawyer.
