The Brave1 defense tech cluster participants have already received $8 million in grant support from the state for the development of technology startups. The relevant statement was made by Ukrainian Deputy Prime Minister for Innovation, Education, Science and Technology Development – Digital Transformation Minister Mykhailo Fedorov.
“About 3,000 companies have already been registered with the Brave1 platform. 99% of them did not exist before 2022. We have already transferred $8 million in grants and are providing expert assistance from the Defense Ministry, the Strategic Industries Ministry, and the General Staff for them to focus on their development,” Fedorov said.
Additionally, the Brave1 participants are actively attracting investments from international donors. According to Fedorov, the total amount of such investments may reach $50 million until the end of 2024 and go even higher in 2025.
“At the end of this year, a total of $50 million worth of startup investments will likely be made. Next year, I think, this figure will be growing. This is indicated by the outcomes of the investment forum, Defense Tech Valley, which was attended by a tremendous number of investors from different countries. I know that several companies have already signed investment agreements,” Fedorov noted. (Ukrinform)