Grants are funds provided to startups to cover costs, such as training a team, purchasing equipment, or entering new markets. The recipient of the grant undertakes to report on the use of funds received from the fund. The main advantage of such financing is that the recipient does not transfer part of it to the fund
We work with technological and innovative startups of the pre-seed / seed stages. That is, Starting from the stage of a validated hypothesis, including the stage of the finished product with a certain number of customers and turnover. Our areas of expertise/experience: AI, IiOT, Fintech/ legaltech, Medtech/ healthcare, Edtech/ martech, Agrotech, Marketplace/ ecommerce, HRtech, Hardware and more.
The procedure for obtaining grants from the start of work with us to receiving a grant takes from 4 months (the most successful cases) to 8 months (the average time to get the result)
You can get about 3-4 grants per project (startup) for practice. The amount depends on your stage, area, as well as the availability of grants received in the past.
The amount of one grant to start-ups of these stages starts from 25 thousand dollars to 100 thousand euros. That is, on average, a startup can count on $150,000 in grants if it receives 3.
Yes, this is included in our consultation services. In this case, your involvement will be required to provide the necessary information and answer some questions. A high-quality description and design of a startup is a priority task for each project. After all, according to it, experts of grant programs evaluate a startup.
You can get another grant. Having a grant history and already received grants is a plus. Our experts will advise you on this issue.
In order not to waste time, but rather get started, we advise you to prepare a startup model.
To get acquainted with the necessary criteria in more detail, we have specially created a separate column “For a startup”.
Most often these are European countries: Norway, Sweden, Germany, Poland, Finland, sometimes Kazakhstan, Singapore. There are also Ukrainian opportunities.
The probability depends on many factors, the answer you will receive at the consultation. In turn, we maximize the likelihood of you receiving a grant due to our expertise and experience.
Winning and receiving a grant depends on:
– Laconic reporting of the essence of the problem and its clear solution.
– the formal correctness of the application
– Availability and planning for scaling
– sufficient team competence
– Sufficient market volume
– effective pitching (protection of a startup) and answers to commission questions
– a well-chosen business partner interested in your success in the market.
– correct preparation of documents for signing the contract
– Accurate reporting on the expenditure of funds
We charge an onboarding fee for starting work, searching for grants, filling out an application and working on a project with you. You will need to initially devote time to working through issues and correcting comments.
Most of our remuneration is % of the result.
You will receive a package of our services, which include: selection of grant programs, development of a startup concept, strategy advice, market size assessment, independent analysis, preparation and submission of applications, test defenses and more.
We start work on grants from the “tested business hypothesis” stage. This means that your idea must be tested in the market. If you need help and tips on how to do this, we can do it according to the formats of a paid consultation.
We work remotely with 95% of our clients, as they are from all over Ukraine (Kharkiv, Lviv, Vinnitsa, Odessa, Zhytomyr, etc.) and even in Europe.
We help with the efficient selection of a suitable business partner for a grant.
Startup registration is no different from the legal entity registration process. You will need to choose a corporate structure and go through the process of founding a company in accordance with the regulations of the law of your chosen jurisdiction. However, the process of launching a startup as a business project has some features in terms of attracting funding and further life cycle of the project. You can learn more about this issue from our experts.