HomeUkraineMITS and American University Kyiv Launch Ukraine's First Defense Technology Acceleration Program

MITS and American University Kyiv Launch Ukraine’s First Defense Technology Acceleration Program

MITS
MITS and American University Kyiv Kick-off Ukraine’s First Defense Technology Acceleration Program

MITS (Military Innovation Technology Solutions) and AUK (American University Kyiv) launched the first acceleration program for Ukrainian defense startups.

Six undisclosed promising startups were selected to participate in an acceleration program that will help them develop their business mindset, find partners and buyers, and scale.

Through a multi-step process, applicants were put through a series of evaluations, including a thorough review of their business plans, a demonstration of their product in a “testing ground” environment, and final approval by MITS’ Supervisory Board. While this selection process ensured a high quality group of companies in the first cohort, MITS was impressed with many of the applicants and looks forward to initiating a second cohort later this year.

Apart from the USD 100k cash investment, during the program, selected startups will receive:

  • Expert Mentoring: Renowned industry leaders (such as NATO defense industry experts) will provide guidance on strategy development, product improvement and market entry.
  • Industry exposure: Workshops, dedicated networking events, and industry connections will arm startups with the knowledge and relationships needed to navigate relevant markets.
  • Further Investment Opportunities: Apart from being eligible for MITS Venture Fund, participating startups will have the opportunity to showcase their products to a network of venture capitalists, potentially securing funding for future growth.

MITS invites potential venture investors to participate in the program’s culminating event, Demo Day. For more information, please reach out at info@mits.capital.

VCWire

27/05/2024