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Publication date: 18.04.2024
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How to get a grant for business development, get a grant for starting a business. To receive grants for starting a business in Ukraine in 2024, you can use several programs that support entrepreneurship, innovation and sustainable development. Here are the main directions that should be taken into account when receiving a grant for starting a business in 2024:
1. State programs
Ukraine has several state initiatives aimed at supporting SMEs:
The "eRobota" program includes the eBusiness component, which supports small and medium-sized businesses, as well as startups.
Support programs from the Ministry of Economy of Ukraine, which may include grants for starting a business, especially in frontline or conflict-affected areas.
2. European grants for business development - programs
Horizon Europe and other EU programs can provide financing to Ukrainian entrepreneurs. It is important to follow up-to-date announcements and qualification requirements, which are published on EU websites or relevant diplomatic missions.
COSME is an EU program for small and medium-sized businesses, which may also include support for Ukrainian entrepreneurs.
3. Private foundations and NGOs
Many non-profit organizations and private foundations, such as the Soros Foundation, the Elena Pinchuk Foundation, international donor organizations, provide grants for the development of small and medium-sized businesses. Often these grants are targeted at specific sectors or social groups.
4. Venture funds and investment programs
A startup ecosystem is actively developing in Ukraine, where venture funds not only invest money, but also provide grants at the early stages of development.
Obtaining a business development grant 2024 requires a clear understanding of the available sources of funding, as well as the preparation and submission of a quality application. Here are some steps to help you through the process:
1. Study of grant possibilities
The first step is to research existing grant opportunities. Depending on your location and type of business, you may find different programs available:
Government organizations (national, regional or local).
International organizations or foundations.
By private companies and corporations as part of their corporate social responsibility programs.
Specialized funds that support certain industries, innovations or entrepreneurship.
2. Understanding the requirements and criteria
Each grant program has its own set of requirements and criteria:
Target Audience: Is the program aimed at new entrepreneurs, tech startups, social enterprises, etc.?
Industry restrictions: Are there any restrictions on the type of business or industry?
Amount of the grant: How much money can be received and what expenses are covered?
Documentation: What documents must be provided? (e.g. business plan, financial projections, personal statements).
3. Application preparation
Business Plan: Development of a detailed business plan including a business description, market analysis, marketing strategy, operational plan and financial projections.
Grant application: Writing an application that clearly answers the questions posed by the grantor and convincingly explains why your project deserves funding.
4.Application submission and process monitoring
Meeting deadlines: Ensure timely submission of all required documents.
Communication with grantors: Maintaining contact with the grantor to resolve any questions or provide additional information.
5. Legal review
Consider consulting with a lawyer to ensure that your obligations when using grant funds are legal and that all legal aspects are properly addressed.
6. After receiving the grant
Use of Funds: Ensure that funds are used in accordance with the plan approved by the grantor.
Reporting: Preparation and submission of reports on project progress and use of funds as required by the grantor.
Careful planning, understanding the requirements and professional preparation of documents will increase your chances of successfully receiving a grants for business development 2024.
