Six innovative Ukrainian startups received financial support from the Ukrainian Startup Fund and the Ukraine-Moldova American Enterprise Fund. Projects representing a variety of fields, including artificial intelligence, medical technology and education, won grants of $25,000 each.
Support of Ukrainian innovations
Results of the third Pitch Day
The Ukrainian Startup Fund (UFS) together with the Ukraine-Moldova American Enterprise Fund (UMAEF) summed up the third Pitch Day as part of their joint grant initiative. After careful consideration by a jury of technology and investment experts, six teams were awarded grants of $25,000 each.
Presentation of innovative projects
In this round, 15 Ukrainian startups at the pre-seed stage had the opportunity to present their innovative developments. The winners represent a variety of fields, including artificial intelligence, medical technology and education.
Winners and their projects
- eXtra Vision - an application that uses AI to transform DICOM images (CT/MRI) into three-dimensional models
- GrAI - a tool based on artificial intelligence to optimize the promotion of musical works on digital platforms, which provides personalized advice to musicians to increase the number of listens
- Amy - a collection of self-coaching tools with access to a database of certified experts
- Brainfor - an application for learning the 5,000 most used English words words in 100 hours using the association method
- ALFYLANG is a program aimed at creating an educational environment with personalized learning for students and the necessary support for teachers to ensure high quality educational services
Scales of support
In general, within the framework of the program, it is planned to allocate $2.5 million to support promising Ukrainian companies at the pre-seed and seed stages.
Glossary
- UFS - Ukrainian Startup Fund, an organization that supports innovative projects in Ukraine
- UMAEF - Ukraine-Moldova American Enterprise Fund, a fund that promotes the development of entrepreneurship in Ukraine and Moldova
- Pitch Day - an event at which startups present their projects to potential investors
- Pre-seed - the early stage of a startup's development, when the project is just beginning to take shape
- Seed - the initial stage of startup financing, when the project already has a product prototype
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Discussion of the topic – Ukrainian startups receive strong support: UFS and UMAEF allocate $150,000 for innovation
Six Ukrainian startups at the pre-seed stage received grants of $25,000 each from the Ukrainian Startup Fund and the Ukraine-Moldova American Enterprise Fund as part of the third Pitch Day of the joint grant program.
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Oleksandra
Wow! It's great that our startups get this kind of support. I was especially interested in eXtra Vision. Can you imagine how this can help doctors in diagnosis? 🏥
Marcin
I agree, Oleksandra! And I was more interested in GrAI. As an amateur musician, I would love to try something like this to promote my tracks. Wondering how effective it works? 🎵
Sophie
A web fence sounds very interesting! I work in an IT company and we always need talented designers. Such a resource can become a great platform for finding new personnel. 💼
Giovanni
And I was interested in Brainfor. I have been looking for an effective way to learn English for a long time. 5000 words in 100 hours sounds almost impossible, but I would try! 📚
Hans
Ba! All these startups are just a waste of money. Artificial intelligence, 3D models, self-coaching... Nothing new! In my time, we studied without all these tricks and were happy. 😒
Oleksandra
Hans, I understand your skepticism, but technology can really make life easier. For example, eXtra Vision can speed up diagnosis and save lives! Isn't it worth the investment? 🤔
Pierre
I agree with Oleksandra. By the way, ALFYLANG seems very promising for the educational field. As a teacher, I would be happy to use such a tool to personalize learning. This can greatly increase the effectiveness of education! 🎓
Maria
And I like the variety of projects! From medicine to music and education. This shows how multifaceted the Ukrainian startup scene is. I hope these grants will help them enter the international market! 🌍💪