The Ministry of Digital Transformation and the NSSMC are launching a new project “Diia. City Invest”
The Ministry of Digital Transformation of Ukraine together with the National Commission for Securities and Stock Market (NCSCFR) agreed on the concept of the new project “Diya.City Invest”, which should create legal conditions for venture capital investment in technology companies. About this reported Ministry of Digital Press Office.
The main goal of the project is to simplify legal procedures for launching small venture capital funds in Ukraine. Now this process takes about half a year, but “Diya.City Invest” promises to reduce it to one week.
At the initial stage, it is planned to create small venture funds of up to 20 million euros, with an emphasis on investments in “Diya.City” residents. It is expected that up to 10 such funds may appear in Ukraine, which will provide Ukrainian technology startups with the necessary resources for development and scaling.
“Everyone will be able to support a talented startup and make money from ideas”, – noted Deputy Prime Minister – Minister of Digital Transformation Mykhailo Fedorov.
The Ministry of Statistics emphasized that this project will start a new investment culture in Ukraine, giving startups more opportunities to attract investments. This will not only accelerate the development of already existing companies, but also stimulate the emergence of new technological initiatives.
