Global Technology Foundation Grant Fund (GTF), launched on April 16 this year, has published its first rating of startup applicants for funding. The rating involves 30 teams, and only the top five will be posted on the website.
The first meeting of the Global Technology Foundation Grant Committee will take place in August to decide on the allocation of the first grants. Only the leaders of the Fund’s expert rating will be eligible for the support.
More than 80 projects were registered on the Global Technology Foundation website for the first 50 days, and over 30 applications were approved and submitted to the Expert Board for estimation. The rating of applicants for grant opportunities is based on the estimation.
The three leaders are represented by known Ukrainian startups. An alumnus of Ukrainian business incubator Happy Farm Advice Wallet ranks first. The second place goes to WithMyFriends project, which is a participant of The Next Web startup competition. Startup Casual, the finalist of the Mini Seed Camp qualifying round in Kiev, ranks third. However, this rating is flexible and the situation may change.
The deadline for applications to be considered by the first Grant Committee is July 31.
The standard amount of financial support for one project is 240K UAH. The GTF’s competition is open for pre-seed stage startups in IT focused on public services, communications, media, education, medicine and health care. The Fund is also focused on the development of financial and banking software, mobile software, cloud computing, e-commerce, and mobile apps.
Global Technology Foundation is Ukraine's first grant fund in information technologies. The fund was established by known IT market players: venture funds Runa Capital, Almaz Capital, TA Venture and BIONIC Hill Innovation Park. You can apply for the GTF grant programme by filling out a form on the website of the Fund.