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Google for Startups will support startups from Ukraine. It has just created a $5 million fund

– We will keep you updated on Ukrainian startups participating in the program, which will receive: up to $100,000 in non-dilutive funding, ongoing mentorship and product support, and free Google cloud credits. These activities are designed to help Ukrainian entrepreneurs sustain and grow their businesses at such a critical time, provide support to the community, and build a foundation for rebuilding businesses after the war – says Agnieszka Hryniewicz-Bieniek, global director of Google for Startups.

Financial support and more

Startup environment in Ukraine is a strong and dynamic community. Of the approximately 2,000 Ukrainian startups, as many as 126 have received funding from venture capital funds since the beginning of 2021. Yesterday, Google and Alphabet CEO Sundar Pichai met with several Ukrainian male and female entrepreneurs at Google for Startups Campus in Warsaw, Poland.

Funding is just one part of the support for Ukrainian entrepreneurs. Additionally, Ukrainian startups can use the Google for Startups Campus space in Warsaw as a temporary office. The first few startups – represented mostly by women who fled war-ravaged Ukraine – are already working at the Campus.

Rebuilding the economy

– With the support, Ukrainian startups will be able to operate and grow, and create technology projects that are badly needed now. And as Ukraine begins to recover from the devastation of war, startups and technology companies will be crucial to the rebirth of the economy, job creation and urban development, says Agnieszka Hryniewicz-Bieniek.

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