What is the procedure for obtaining a grant for your own business?

To secure a grant for starting or developing your own business in Ukraine, follow these steps:

1. Identify the Appropriate Grant Program

The Ukrainian government offers several grant programs to support entrepreneurs, including:

• Grant for Starting Your Own Business: Up to 250,000 UAH for creating or expanding a business.
• Grant for Orchards or Greenhouses: Support for the agricultural sector to establish orchards or construct greenhouses.
• Grant for Reprocessing Enterprises: Funding for the creation or development of processing facilities.

2. Prepare a Business Plan

Create a detailed business plan that includes:

• A description of the business idea.
• Market analysis and competitor review.
• Financial projections (income and expenses).
• A plan for creating jobs.

3. Submit Your Application via the “Diia” Portal

Steps to submit your application:

• Log in to the “Diia” portal using an electronic signature or BankID.
• Complete the online application form.
• Attach the prepared business plan.

Applications are accepted in designated phases, which are announced on the portal.

4. Application Review and Interview

After submission:

• The State Employment Service reviews your business plan and checks for compliance with the program criteria.
• If approved, you may be invited for an interview to discuss the project in detail.

5. Receive a Decision and Sign the Agreement

If approved:

• You will receive an official notification confirming the grant award.
• Sign an agreement outlining the terms of fund usage and obligations for job creation.

6. Use of Grant Funds

The funds can be used for:

• Purchasing or leasing equipment.
• Procuring raw materials and supplies.
• Renting premises.

All expenditures must align with the approved business plan.

7. Reporting and Monitoring

After project implementation:

• Submit a report detailing fund usage.
• Verify the creation of the planned number of jobs.