The Cabinet of Ministers of Ukraine officially launched Ukrainian National Startup Fund – a public initiative to support innovation projects, informed fund’s representatives at a dedicated press conference. Here is a short version of the presentation translated into English.

1. UKRAINIAN
STARTUP FUND
LAUNCH

2. 2
Ukraine in Global Innovation Rankings
50
Global Innovation Index
Bloomberg Innovation Index
Startup-Ecosystem Ranking by Startup Blink
2017
European Innovation Scoreboard Rankings
43
2018
35
2017
31
2018
46
2017
53
2018
27 27
2017 2018
Modest
Innovator=

3. Limited
Open Budget Index
Transparency Rate Budget Control Public involvement
54 3083 points
out of 100
Index Variations in 2008-2017
Budget Transparency in Ukraine comparing to
Eastern European countries
Відсутній МінімальнийОбмежений Істотний Належний
0 20 40 60 80 100
Poland
Slovakia
Moldova
Ukraine
Hungary
Worldwide Average
54
58
59
59
46
42
points
out of 100
points
out of 100
Appropriate
Substantial
Limited
Minimal
Absent
AppropriateSubstantialLimitedMinimalAbsent

4. The world practice of State support for innovation
development
4
562Austria
Poland
Finland
Sweden
Organization Tools of support
The National Centre for
Research and Development
(NCRD)
Budget,
M EUROCountry
820
680
283
The National Centre for
Research and Development
(NCRD)
Innovation Funding Agency
Business Finland
National innovation agency
(VINNOVA)
Grant and other funding, development
of innovation policy
Providing R & D funding, developing
innovation in research institutions and
organizations
Grant and other funding, promotion of
innovative products and solutions
Grant and other funding, coordination and
implementation of innovation policy

5. UAH/
$13.6 M
390M Grant and other financing,
support of innovative
projects, attraction of
additional financing
Ukrainian Fund of Startups: General information
5
Budget
Instruments of
support

6. Supervisory Board (7 persons)
Project Selection
Preparation of conclusions: technological
feasibility, evaluation of the technical
component of the product
Competition Commission (7 persons)
Expert Council (10 people)
Operational unit
Organizational structure of the Fund
6
Ensuring the Fund's activities and
administering programs

7. Members of the Supervisory Board
7
Yuriy Geletiy
Ministry of Finance of Ukraine
Dmytro Shymkiv
Darnytsia / Ex-Microsoft
Olena Kosharna
Horizon Capital
Lesya Sevryk
ECG
Charles Whitehead
Cornel Tech
Oleksandr Ryzhenko
E-Gov
Viktoria Tigipko
TA Ventures

8. $25-75 K
Purpose
Stimulating the development of
new innovative ideas and
companies
Receivers
Micro and small businesses,
individual entrepreneurs
Directions of use of funds
Construction of the initial prototype
(including materials and components),
business development, etc.
Grant size
up 24 months
Duration of project realization
in UAH
Description of the grant program
8

9. 1Announcement of
the competition
2Applications for
participation through
the Fund's web portal 3Evaluation of the
project by an
independent
competition
commission
4Live pitch
event
5Definition of winners, signing
of grant agreement,
financing 6Monitoring the fulfillment
of the terms of the
financing agreement
The main stages of the implementation of the
grant support program
9

10. Translated by
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