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Ukrainian Startups Shortlisted for Investment Accelerator to Access Capital and Expand Presence in UK 

Following the recent launch of the Investment Accelerator, part of the UK-Ukraine Tech Bridge, a strategic partnership aimed at forging connections between the tech ecosystems of the two countries, the Department for Business and Trade along with the Ukraine Ministry of Digital Transformation, Ukraine Startup Fund, and 1991 Ventures, have selected 20 pre-seed and seed companies to take part in the ten-week program.

The Accelerator aims to help Ukrainian startups access British capital and establish their presence in the UK market. During the shortlisting, judges prioritised startups from fintech, cybersecurity, health, energy and agri tech. The list includes:

  • FlyAgData™ – an agri tech startup that provides farmers and large agro companies with valuable insights transformed and collected from agronomic and machine data from the equipment in the field;
  • Medvoice – health tech company enables affordable continuous skills development for healthcare professionals through an online education platform;
  • Deus Robotics – the startup automate warehouses with intelligent robots and develops an AI-powered logistics ecosystem linking manufacturers and clients;
  • Cardiomo – an AI-based wearable solution for long-term and remote heart monitoring;
  • NeuCurrent – an AI and data-driven customer retention platform for small and midsize retailers.

While the Accelerator is centred around one-on-one mentorship, startups will also attend customised workshops on mastering market entry strategies and navigating international expansion as well as networking sessions with other innovators and industry leaders. Additionally, 1991 Ventures will introduce its own network to help connect startups with potential stakeholders and provide founders guidance on raising funds from UK-based investors.

As part of the program’s finale, participants will attend a boot camp in London to have the chance to join lectures with experts and meet potential partners. Each founder will pitch their startup to investors at the Demo Day during London Tech Week.

The announcement follows the recent official launch of 1991 Ventures’ £15M fund in the UK.

VCWire

17/04/2024