Ukrainian Startup Fund Holds Sixth Pitch Day
On May 26, the Ukrainian Startup Fund held the sixth Pitch Day. Given the quarantine, the event took place remotely using the ZOOM video conferencing service. Presentations (pitch) were made by 10 startups. Four of them are at the pre-seed stage (applying for state grant funding in the amount of $ 25,000 each) and six at the seed stage ($ 50,000 each).
The event was launched with a motivational speech Pavlo Kartashov, Director of the Fund:
“Our mission is to promote the development and creation in Ukraine of technological startups at an early stage in order to increase their competitiveness. We provide financing for such startups, as well as provide assistance for their incubation or acceleration and look for any other opportunities (search for partners, investors) to facilitate in the development of such startups and the startup ecosystem as a whole. Soon we will begin selecting accelerators for approval and after that we will begin our acceleration program. A number of accelerators (both Ukrainian and international) will be accredited by the Fund. Accelerator requirements are approved by the Supervisory Board. They are sufficient. They’re high, because we want to make the best possible selection so that start-ups get support on the way to entering international markets. We will do our best to make your activity as effective as possible and you will find support from the state to realize your goals and plans. I wish you success, good pitch and victory!”.
Members of the Competition Commission evaluated the pitch of startups:
Olexiy Orap. YouScan CEO
Mikhailo Khaletsky. Senior Investment of Analyst Simpact VC
Olexandr Yatsenko. Managing Partner, BRISE Capital
Yuri Kozik. Entrepreneur, startup adviser and chairman of the public association Evolv. In the past, a graduate of the Finnish accelerator Startup Sauna
Felix Litvinsky. Managing Director Blackstone LaunchPad
Sergiy Dovgopoliy. Managing Partner, Business Accelerator FeelGoodLabs
Andriy Zaikin. CEO at YEP startup incubator
The main criteria for evaluating projects at the pre-seed stage are: team, market, technology, idea, strategy. In each category, a maximum of 5 points (total maximum of 25). A passing score for a recommendation to the Supervisory Board for a grant is 12 points.
The main criteria for evaluating projects at the seed stage are: team, market, technology, product, strategy. In each category, a maximum of 5 points (total maximum of 25). A passing score for a recommendation to the Supervisory Board for a grant is 15 points.
Based on the results of the evaluation of the Competition Commission, the following rating list of startups was formed (from the highest score to the lowest):
Unicorn Nest. B2B SaaS solution for startups that attract investment. Startup recommends the most relevant investors for its own verified largest market base of investors and builds a market standard for fundraising.
Mate academy. Online University of IT Professions.
BIOsens. Development of the world’s first device, automates sample preparation, analysis and saving of results in the cloud in one device and allows you to perform tests outside the laboratory, but with laboratory accuracy.
Cardiolyse. A software-independent platform for the automatic interpretation of electrical heart signals at rest and Holter monitoring (lasting 24 hours or more) of a medical level, CE certified to identify 19 types of arrhythmias and accurately detect most heart abnormalities, including myocardial infarction for recording ECG from 12 layerings.
Ethicontrol. An online service for the methodologically correct organization of ethics management processes (compliance, corporate security) in an organization. The task is to identify problems, to help them respond in a timely and high-quality manner – to cover the entire life cycle – from registration to take measures.
iCorn. A trade and logistics platform that unites farmers and buyers of agricultural products, and makes it possible to do business on the platform to transport companies, elevators, laboratories, banks and insurance companies.
AGRO BI. Business intelligence platform for risk management and productivity improvement with machine learning. A web platform based on proprietary neural networks for more efficient data collection and automated processing of aerial photography and gives a concrete idea of the state of crops.
TradeEVO. An international trading platform where local manufacturers place goods and international traders sell these goods worldwide. Sales and content management is visible through its own CRM system.
SmartUgoda. A mobile electronic contracting service that helps you quickly and safely create, negotiate and sign a contract anywhere and anytime without a PC, printer, paper, scanner, mail, lawyer and accountant – only using a mobile application with integrated contract templates, automatic generation of acts and other documents.
Bio&Balm. Development and introduction of non-alcoholic balms into production, which are registered as food additives, but are used for the pharmaceutical market. They are of social importance for improving the quality of life, reducing the cost of treatment for patients, preventive action for healthy people.
At a meeting of the Fund’s Supervisory Board, which will take place in the near future, a decision will be made in which particular startups will receive grant funding.
Source: usf.com.ua
