07.06.2021

The changes in the composition of the Ukrainian Startup Fund's SUPERVISORY BOARD

On June 3, a regular meeting of the Supervisory Board of the Ukrainian Startup Fund (hereinafter —  the Fund) was held in an updated composition. Victoria Tigipko, the founder and managing partner of the fund TA Ventures, was elected as the head of the Fund's Supervisory Board. “Our plans include maximum PR of Ukraine's investment attractiveness in the spheres of small and medium-sized technological businesses. And the main thing is the development of the startup ecosystem that we are building”, commented Victoria Tigipko on the changes in the Fund's Supervisory Board. Charles Whitehead, a professor of Business Law at Cornell Law School, remains the deputy head of the Fund's Supervisory Board. Oleksandr Kava, Deputy Minister of Finance of Ukraine, was elected the secretary of the Fund's Supervisory Board. Oleksandr Kava together with the entrepreneur, co-founder of FAST and member of the community of the World Economic Forum Fedor Serdiuk, became a member of the Fund's Supervisory Board and took part in its meeting for the first time. Oleksandr Bornyakov, Dmytro Shymkiv and Lenna Koszarny also continue to exercise their powers as members of the Supervisory Board. We remind that according to the order of the Minister of Finance of Ukraine Serhiy Marchenko №245 dated April 29, 2021, Oleksandr Kava and Fedor Serdyuk were assigned to posts of the Fund's Supervisory Board to replace Lesya Sevruk and Yuriy Dzhygyr.

Note

The Ukrainian Startup Fund is a state fund launched on the initiative of Cabinet of Ministers of Ukraine. The mission of the fund is to promote the creation and development of technological startups in the early stages (pre-seed and seed), in order to increase their global competitiveness. The process of selecting startups for grants takes place on a competitive basis: companies are evaluated and elected by the board of independent investment experts.  The Fund also provides opportunities for promising startups to receive grants for acceleration programs of well-known Ukrainian and international accelerators. The USF Grant Acceleration Program aims to increase the number of successful startups, enhance the professional competence and improve skills related to business development and beyond.