S.Lab, a producer of eco-friendly packaging solutions, received $100,000 in equity-free funding from Google along with ongoing mentorship, product support, and Cloud credits, as part of the Google for Startups Ukraine Support Fund.
After successfully allocating a $5 million fund in 2022, Google has announced a new $10 million fund for 2024 and 2025. In total, the company plans to finance 100 Ukrainian startups with 33 already selected.
Out of 1,600 applications for the second stage, S.Lab has been chosen to receive fundings to maintain and grow their businesses while rebuilding the country’s economy.
“Good to see Ukrainian startups gaining so much visibility on the global stage. Our ecosystem has really grown and become stronger, showing the world just how talented and innovative our entrepreneurs are and how many innovative solutions we have. Google for Startups Ukraine Support Fund has played a big role in helping Ukrainian startups get the recognition they deserve, and it’s exciting to see the impact they’re making in Ukraine and worldwide.” said Julia Bialetska, CEO of S.Lab.
S.Lab plans to use these funds to further develop and enhance its production technology made specifically for plant-based materials. It integrates advanced robotics, automation, and innovative processing techniques to create 100% biodegradable packaging. Unique approach to scalability allows S.Lab to quickly adapt to market demands, serving a wide range of clients from local businesses to global corporations.
S.Lab is committed to transforming packaging by replacing polystyrene with mycelium-based products, reducing environmental impact. With Google, a company that recognizes the power of innovative ideas in driving economic growth and creating a better future, S.Lab shares a similar vision. By developing innovative materials, S.Lab is helping to pave the way for a more sustainable future, where packaging is both effective and environmentally responsible.
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