Ukrainian Startup Fund rewards 13 promising startups

Earlier this month, the state-backed Ukrainian Startup Fund (USF) announced the winners of the 23th and 24th editions of its Pitch Day. The jury selected 13 startups among 24 applicants. Winners received $25,000 and $50,000 grants totalling $425,000. 

Nine companies at the pre-seed stage received $25,000 grants:

  • Geron, for its product ‘GeronCore – A living heart,’ which are cardio implants of new generation for children with congenital heart disease;
  • Supplio, which develops a B2B orders automation for the professional cosmetics industry integrating different CRM systems;
  • Harmix, which provides an intelligent service to select the right music for video clips;
  • AGRO BI, which offers a business intelligence platform to manage risk and increase yields in agribusiness;
  • Erudito, the publisher of a gamified learning app for children;
  • Ademrius, a web platform that automates the work of medical institutions through electronic patient history and online appointments;
  • Librarius, the creator of a mobile app to select, purchase, rent and read for free literature in electronic and audio formats;
  • Artera, the creator of a highlighter pen to write or draw in any color.

Four other startups at the seed stage received $50,000 grants:

  • Effa, a startup that makes 100% renewable and recyclable toothbrush made of paper;
  • Caretech.human, an innovative IoT solution for continuous automatic health screening and early-stages disease detection from home;
  • Smart Reader, whose gamified online platform teaches children to read fast;
  • Fiway, which makes Wi-Fi routers for vehicles.

Launched in 2019 and funded by the government, the Ukrainian Startup Fund aims to provide smart money to Ukrainian startups in the form of grants. 

Topics: Finance, News, Startups
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