Innovations will be!

0n July 26, 2018, First Vice Prime Minister – Minister of Economic Development and Trade of Ukraine S.Kubiv introduced the concept of a pilot project to finance commercially promising innovative projects that will be implemented on the basis of the State Finance Institution for Innovations (SFII).

 

Now the innovators and inventors will be able to receive part of the funding for the implementation of their projects from the state. The proposed model is similar to the procedure of public-private partnership, where a part of the money is provided by the state, and part – by a private investor.

 

Projects will be selected through an open competition.

 

UNIDO and GEF in the framework of the Global Innovation Program Cleantech for start-ups and small and medium
enterprises in Ukraine will act as a partner in the implementation. The potential of Ukraine in the field of innovation is
enormous and we will be happy to help innovators and inventors in realizing their ideas.

 

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