Grant for businesses and innovative companies

Financial assistance in the form of a grant is provided to enterprises not only for the development of production or the opening of new points of sale, but also for the introduction of new technologies (innovations).

The specified developments should be aimed at R&D (experimental technologies), have an MVP (product prototype), and also be aimed at integration into one of the sectors of the economy.

Thanks to the grant, businesses and companies with ready-made innovations will have the opportunity to quickly reimburse the costs of necessary testing, personnel hiring, as well as receive specialized training and access to national and international partners.

The manager of “Prikhodko and Partners” will describe the grant application process in more detail in the article below.

Which business can apply for a grant?

This grant program is designed for those who meet the following requirements:

• first, officially registered a legal entity;
• second, have previous experience launching their own business;
• third, are managed by an experienced operational manager;
• fourth, have an innovation that has a preliminary working prototype;
• finally, are ready to undergo training and establish a network of international partnerships.

For your information! Managers who will lead the innovation implementation project must successfully complete all six training blocks - venture business rules, market analysis, strategic planning for product use, marketing, unit economics.

What are the requirements for innovations?

If we have already dealt with the criteria for business, what about the innovations themselves? Formally, there is no restriction on the areas in which the idea itself should be developed.

At the same time, the development must:

• not be associated with the activities of the aggressor state;
• demonstrate a model that can go beyond the country's borders (be implemented abroad);
• provide for the possibility of co-financing the project by the entrepreneur (up to 20%);
• have a social impact (employment of vulnerable population groups, for example);
• comply with the principles of sustainable development and energy efficiency.

It is important to know! Priority in the grant competition may be given to companies managed by veterans, internally displaced persons, or other vulnerable population groups.

For more detailed information, we suggest getting a consultation from our grant department manager at “Prikhodko and Partners.”

How to apply for a grant for business and companies with innovations?

Taking into account all the specifics and deadlines of the application procedure, interested applicants need to follow these steps:

1. submit a grant proposal (an application form is provided) by May 10 (inclusive);
2. undergo a practical assessment by the grant provider's representatives (may check the manager's skills);
3. participate in an interview with another team (after successfully completing the previous stage);
4. pass the initial check by May 30 (inclusive);
5. participate in intensive training and workshops that will last for the next few months;
6. prepare the final PitchDeck and estimate (business plan) of the project, demonstrating it during a presentation at the competition;
7. in case of success - receive the results of the grant competition with an announcement via email and a monetary prize (after signing the agreement).

How much funding can a business and a company with innovation receive in total?

Participation in this grant is a unique opportunity to receive real starting capital for the further implementation of innovation in the amount of up to $10,000 (equivalent to approximately 420,000 UAH).

These funds are provided for the development of the product (creating the final MVP, initial marketing campaigns), but cannot cover debt obligations that the business incurred before this.

What does our company's grant manager offer you?

Possessing the necessary experience in participating in various grant competitions for startups and having the qualifications for preparing a grant application (the descriptive part of the project), as well as a PitchDeck along with an estimate, our managers offer comprehensive support.

Their main services will include:

• professional consultation regarding the program terms;
• strategic selection of relevant grant programs for business, if needed (including among international grant providers such as IREX, EU4Business, etc.);
• development of complete documentation for the grant competition;
• adapting an already developed proposal to the requirements and goals of the grant competition;
• preparation for project defense within the framework of practical verification, interviews, and subsequent PitchDeck presentation;
• preparation of additional documents for the competition, upon the grant provider's request;
• other relevant support services in obtaining the grant.

Conclusion

Thus, a grant for a business with innovations is a good tool for transforming an idea (prototype) into a viable product. Participation in this program gives the entrepreneur not only the opportunity for a monetary prize but also access to a community of partners.

Cooperation with the grant department manager at “Prikhodko and Partners” will save a significant amount of time, reduce the risks of rejection, and increase the investment attractiveness of the product (through its presentation).

Get a consultation and find out the cost of manager support in obtaining a grant for businesses and companies with innovations by filling out the form below.