Google for Startups Ukraine Support Fund

Overview: The Google for Startups Ukraine Support Fund aims to provide equity-free cash awards and Google support to assist Ukraine-based startups in sustaining and expanding their businesses, fortifying their community, and establishing a foundation for post-war economic recuperation. Background: Ukraine boasts a robust and dynamic startup ecosystem. However, the nation's economy and its enterprises confront formidable challenges. Startups often operate transnationally, with teams in both Ukraine and neighboring nations, to ensure liquidity, sustain operations, and attract further investment. Google for Startups recognizes the importance of bolstering these endeavors. Funding Details: An initial $5 million fund was allocated in 2022. A subsequent fund of $10 million has been earmarked for 2024 and 2025. Selected startups will be announced on a rolling basis. Each chosen startup will receive up to $100,000 in non-dilutive funding. Ongoing Google mentorship and product support will be provided. Up to $350,000 in Cloud credits will be made available. Purpose: The fund is intended to empower Ukrainian entrepreneurs in sustaining and expanding their ventures amidst the current crisis. It seeks to support startups in maintaining growth trajectories, resuming operations, or pivoting products or operations impacted by the war and ongoing crisis. Entry Criteria: Must have at least one entity registered in Ukraine. Should be at the post-MVP stage with demonstrated traction (product launched, pilots, early revenue). Companies leveraging AI and possessing a social impact mission will receive priority. Founders intending to utilize the non-dilutive cash award for growth continuation, business resumption, or product/operation pivot due to war-induced challenges are encouraged to apply. Deadline June 5th, 2024