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Small, medium-sized businesses can receive a grant of $3,000

Small, medium-sized businesses can receive a grant of $3,000 The "Strength" educational grant program is launching in Ukraine (photo: Getty Images)

Ukraine is launching the "Strength" educational grant program, which will allocate $60,000 to small and medium-sized entrepreneurs, according to the Ministry of Digital Transformation of Ukraine.

To support businesses affected by the full-scale war in the Kharkiv, Dnipropetrovsk, and Odesa regions in returning to their regions, recovering, and developing their activities, Ukraine is launching the "Strength" educational grant program.

The new educational grant program will enable 60 small and medium-sized enterprises to gain the necessary knowledge and financial support to secure jobs, enhance competitiveness, and promote economic development in the regions.

""Strength" is what Ukrainians around the world are associated with, and it's an integral feature of Ukrainian entrepreneurs. To cope with the challenges of wartime, our businesses need not only financial support but also skills to rebuild and expand their activities. The "Strength" program will help individual entrepreneurs and, more broadly, the economic recovery in regions most affected by the war," said Valeriia Ionan, Deputy Minister of Digital Transformation for European Integration.

As part of the program, a comprehensive set of educational and psychological offline events is planned to be held at the Business in Action support centers in Odesa and Kryvyi Rih, as well as in an online format from the Entrepreneur Support Center in Kharkiv.

What will this program provide

As a result of completing the program and creating their own business recovery strategy and new job opportunities, 20 of the most progressive participants in the project will be selected. Each of them will receive financial assistance of $3,000 to cover expenses for purchasing new equipment, repairing premises, acquiring raw materials, and other necessary expenses for business development.

The educational program includes intensive workshops, masterclasses, lectures, and seminars where participants, with the help of experts, will develop practical skills in:

  • business planning,
  • marketing,
  • international trade,
  • accounting and financial management,
  • e-commerce,
  • innovative technology development, and psychological resilience.

This program also includes individual and group consultations with lecturers and mentorship support during and after the training.

You can learn more about the participation conditions and apply for the program on the Diya.Business portal.

The application deadline is September 8, 2023.

We previously reported that Ukrainians can receive financial assistance of up to 25,000 euros. It will be provided to representatives of small businesses. Ukrainian entrepreneurs can expect three waves of grants.