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Google’s continued support for startups in Ukraine

has announced the launch of its second for Startups Ukraine Support Fund, which is aimed at supporting the economic recovery of Ukraine. The company has committed over $45 million in cash and $7 million in-kind since the war in Ukraine started to support humanitarian relief efforts for people in Ukraine and those fleeing the war. Additionally, the company has been using its products to help people affected by the war, such as protecting against and fighting misinformation.

The Ukrainian startup ecosystem has been hit hard by the ongoing war. In March 2022, launched the first for Startups Ukraine Support Fund, which provided $5 million in equity-free cash awards to 58 recipients. Startups supported by the Ukraine Support Fund have received $15.8 million in follow-on funding, created 100% revenue growth, and significantly increased their employment despite the war and hardships they have faced.

Today, is announcing a second for Startups Ukraine Support Fund, worth $10 million, to allocate equity-free cash awards throughout 2024 and 2025. Selected Ukraine-based startups will be announced on a rolling basis. They will receive up to $100,000 in non-dilutive funding, ongoing mentorship, product support, and up to $300,000 in Cloud credits. This hands-on support is designed to help Ukrainian entrepreneurs maintain and grow their businesses, strengthen their communities, and build a foundation for post-war economic recovery. Applications for the fund will open later this year.

's commitment to supporting Ukraine's economic recovery earned the first-ever “Peace Prize” award introduced by President Zelenskyy in 2022. The company remains steadfast in its commitment to being worthy of that award and supporting the people of Ukraine in any way possible, even as the war continues to take on new dimensions.

Want to read more? Check out the original article available at The Keyword!

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