USAID to provide $1.5 million in grants to support business associations in export alliances
The program provides for 15 grants ranging from $35,000 to $150,000; applications will be accepted until September 30
The USAID Competitive Economy of Ukraine Program has announced a grant program to create and support associations of enterprises in export alliances with a total funding of $1.5 million.
Source. This was reported by the press service of the Ministry of Economy on Friday.
"Grant support for export alliances will strengthen the potential of Ukrainian enterprises and encourage them to unite for the sake of common goals of conquering new markets," USAID Project Manager Natalia Petrova said in a statement.
The program provides about 15 grants ranging from $35,000 to $150,000. Applications will be accepted until September 30, 2023.
Given the significant interest, applications will be accepted and reviewed in stages on June 30 and September 30, 2023.
The Ministry of Economy added that the goal of the grant program is to support enterprises seeking to jointly promote their products in international markets. The initiative is being implemented in partnership with the Office for Entrepreneurship and Export Development and the national project Diia.Business.
According to the press service, the priority sectors for grant support are information technology, engineering, manufacturing, and creative industries and services. However, this USAID program is open to applications to support other sectors that meet the selection criteria.
USAID's Competitive Economy of Ukraine (CEU) program supports start-ups and small and medium-sized enterprises (SMEs) to increase their competitiveness in Ukraine's domestic and international markets, helps develop a simplified and transparent business climate, and provides Ukrainian companies with opportunities to take advantage of international trade. The key tool for implementing the USAID CEP program is a national grant program with a budget of $12.5 million for 2018-2023.
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