Ukraine has a strong and vibrant startup community. But, as the war extends from days to weeks, Ukraine’s economy and its businesses are facing a significant challenge. There are countless entrepreneurs across Ukraine working in extraordinary circumstances to ensure that their businesses maintain liquidity, continue operations and incentivize further investment. These startups are often working across borders with staff in both Ukraine and neighboring countries. We believe that these efforts should be supported in any way possible.
The non-dilutive $5 million Google for Startups Ukraine Support Fund will be allocated across approximately 50 Ukrainian-founded companies throughout 2022, coupled with Cloud credits and support from Google mentors. This equity-free financial investment and hands-on support are designed to help Ukrainian entrepreneurs maintain and grow their startups, strengthen their community, and build a foundation for post-war economic recovery. The fund will be operated by Huge Thing.