The Brave1 platform, created to support and develop Ukrainian defense technologies, has become the largest venture investor in Ukraine. This was stated by the Minister of Digital Transformation Mykhailo Fedorov, who noted that the state defense cluster has already provided over 560 grants totaling more than ₴2.2 billion to support innovations in the defense tech sector.
This is reported by Business • Media
Investments in Cutting-Edge Defense Technologies
Brave1 directs funding towards a wide range of projects, including the creation of strike drones, the development of new types of weapons, and missiles. In addition to financial support, the platform helps startups navigate the journey from concept to direct implementation on the front lines. This includes organizing hackathons, testing at training grounds, meetings with potential investors, and engaging international companies.
An important area of Brave1’s activities is assisting developers in navigating the necessary procedures to obtain permission for combat use of their developments as quickly as possible.
Changing the Role of the State in Venture Investments
Mykhailo Fedorov emphasized that thanks to the work of Brave1, the state’s approach to venture investment in military technologies has changed. In the near future, the government plans to amend the budget to increase funding for the Brave1 grant program to expand support for Ukrainian defense technology developers.
“The Brave1 platform, created to develop Ukrainian defense technologies, has already become the largest venture investor in Ukraine,” emphasized Minister of Digital Transformation Mykhailo Fedorov.