Government's Grant Program "eRobota" Fuels Small Business Growth
Date: 2023-10-19 Author: Dima Zakharov Categories: ECONOMY
As of now, eRobota's "Own Business" program has granted 7,305 microgrants totaling 1.7 billion UAH, focusing on entrepreneurs looking to start or grow their ventures. In addition, 417 grants worth 2.2 billion UAH have been provided for the development of processing enterprises. Furthermore, eRobota has allocated 122 grants worth 490 million UAH to support horticulture and greenhouse farming. Another noteworthy aspect is the support for veterans and their family members, with 83 grants amounting to 28 million UAH disbursed.
One of the standout features of this program is its inclusivity. Both established business owners and individuals with no prior business experience can apply for grants through the "Diia" portal, along with a well-structured business plan. A mandatory requirement for grant recipients is the creation of new jobs, ranging from 1 to several dozen, depending on the grant type. Over the course of three years, these grant funds are repaid to the government through taxes and contributions generated by the supported businesses.
The eRobota project was launched by the Ukrainian government in July 2022 to provide business support and stimulate the creation of new job opportunities. This comprehensive initiative encompasses various grant programs, including microgrants for initiating or expanding personal businesses, grants for the establishment and growth of processing enterprises, and support for orchards and vineyards, among others.
One of the standout features of this program is its inclusivity. Both established business owners and individuals with no prior business experience can apply for grants through the "Diia" portal, along with a well-structured business plan. A mandatory requirement for grant recipients is the creation of new jobs, ranging from 1 to several dozen, depending on the grant type. Over the course of three years, these grant funds are repaid to the government through taxes and contributions generated by the supported businesses.
The eRobota project was launched by the Ukrainian government in July 2022 to provide business support and stimulate the creation of new job opportunities. This comprehensive initiative encompasses various grant programs, including microgrants for initiating or expanding personal businesses, grants for the establishment and growth of processing enterprises, and support for orchards and vineyards, among others.
