Grant for startups from Google

Grant support from various international institutions and states in general has never lost its popularity, even during the period of active hostilities in the country.

This is explained by the fact that any entrepreneur who wants to create his own business faces a lot of obstacles at the very beginning to open it, and the main obstacle in most cases is precisely the lack of funding.

And therefore, in order to have the opportunity to attract additional funds for your own enterprise, you need to understand what current grant programs exist right now.

In this informative article, we will talk about one such program, namely, the grant for startups from Google.

What was the purpose of this grant program?

This grant program from Google was developed in order to provide young Ukrainian companies (startups) with practical support for the development of their firms, their consolidation in the domestic (state) and foreign (world) markets, and the creation of a direct basis for the post-war recovery of the country's economy as a whole.

It is worth noting that the prize pool of funding will be managed by an external partner.

What are the criteria for participation in the grant program?

The terms of the grant stipulate that applicants must meet the following criteria, namely:

• young companies (startups) must be registered in Ukraine and have a good business reputation before applying for a grant;
• the applicant must be in the post-MVP stage, i.e. have a product that has minimal features, but they are enough to satisfy initial users with their functions (for example, a product is at the stage of development, but may already have some commercial success and popularity);
• applicants who will use the received funding under the grant program to continue growth, restore business or reorient their products or operations directly affected by active hostilities and crisis in the country.

Importantly! Priority in considering applications will be given to those young companies that have implemented AI in their activities and have a social mission to overcome the current crisis in the country.

What opportunities does this grant program provide?

1. Obtaining significant start-up capital in the amount of up to 100 thousand USD;
2. Receiving individual support for the development of the startup's products and its subsequent introduction to the market for the purpose of making a profit;
3. Participation in trainings where it is possible to obtain information about effective leadership, planning and building strategies for the development of the final product;
4. Gaining experience from other young companies (startups) that have previously implemented their own developments;
5. Obtaining loans from Google in the amount of up to 350 thousand USD.

What is the final deadline for submitting applications for the grant program?

Until July 31, 2024 inclusive.

If you are interested in any other features of receiving funding under a grant for startups from Google, then in this case, be sure to contact the Prikhodko and Partners law firm.

Our lawyers have many years of experience in obtaining financing under various grant programs, which allows us to provide only effective assistance to the company's clients.

In addition, we constantly apply an individual approach to every situation that arises in practice, because we understand that any case is always special and important for our clients.

Therefore, do not delay and turn to the Prikhodko and Partners law office for help.