Denys Shmyhal: Innovation Development Fund will now work for country’s security and defense

At a meeting on March 10, the Cabinet of Ministers of Ukraine decided to expand the scope of activities of the Innovation Development Fund.

“In the context of russian aggression, one of the key areas of activity of the Innovation Development Fund will be to support products, projects, and services aimed at strengthening our Army and the security of all citizens,” said Denys Shmyhal.

The Prime Minister of Ukraine noted that grant funding and support would now be available to developers of drones and other technologies essential for making Ukraine strong. The relevant projects will be implemented at the expense of the Fund, which totals UAH 109 million.

“The development of the defense and security start-up ecosystem is also one of the priorities of the Government’s economic policy. Both now and after the war is over,” said Denys Shmyhal.