Prague, February 28, 2022
As of March 1st, 2022, PowerHUB will stop providing services to Russian partners, private and state-owned Investment funds, as well as any entity with Russian influence.
At the same time, projects and startups with Russian citizens among the founders or employees will be excluded from all new PowerHUB programs.
In currently supported programs and Parádní nápad competition, all projects with Russian participation will be excluded, unless the team members publically condemn the illegal invasion of Ukraine.
We call on Russian citizens who wish to live in Europe and share our democratic system and values to take a clear public stance against the aggression on Ukraine in line with the position of the Czech Republic.
All affected partners will be duly informed on March 1, 2022.