Govnt developing legal basis to increase investment in Ukrainian startups

Govnt developing legal basis to increase investment in Ukrainian startups

The Ministry of Digital Transformation of Ukraine is developing a legal framework that will help attract domestic and foreign investments in Ukrainian startups.

Vice Prime Minister and Minister for Digital Transformation of Ukraine Mykhailo Fedorov said this at a briefing on Monday, an Ukrinform correspondent reports.

“We understand that there is no legislation that helps startups to develop in Ukraine. Together with the Finance Ministry, we are working on it every day. We will create a legal framework that will allow us to attract investments of Ukrainian and international funds in startups so that they develop in Ukraine," Fedorov said.

As Ukrinform reported, on Monday, December 2, the Government began to accept applications for the Ukrainian Startup Fund. Its goal is to support domestic entrepreneurs and contribute to the development of innovative projects.


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