Ukrainian startups, despite the war in Ukraine, received more than $6 billion in revenue in 2022, which is $542 million more than a year earlier, and three times more than in 2020. This is evidenced by Google's data as part of the Google Support Fund for Startups in Ukraine program, reports ain.. ua.

Since March 2022, Google for Startups (a program that provides financial assistance and support from Google to Ukrainian startups) has provided funding to three cohorts under the Google Startup Support Fund in Ukraine in the amount of $5 million.

Supported startups (58 in total) not only survive the war, but grow. Most of these companies entered the markets of new countries and new markets. Over the past year, Ukraine Support Fund recipients:.

raised $10.2 million,.

increased revenues by an average of 106%,.

employed more than 800 technical workers (46% of them women) and hired 216 people.

However, the overall market situation remains rather unfavorable.. More than 90% of Ukrainian startups say they need financial support to continue their activities and expand.

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