Business news from Ukraine

Ministry of Economy and USAID launch $15 mln grant program for medium and large enterprises

The Ministry of Economy and USAID are launching a $15 million grant program for medium and large enterprises, under which one business will be able to receive a grant of $250,000 to $2 million.

“Companies with an estimated minimum annual sales of $8 million in hryvnia equivalent are invited to participate in the program. This figure is important given that the target sales growth based on the results of the concept implementation should be at least $2 million,” the Ministry of Economy said in a release.

It is noted that grant funding should be used by program participants to develop their business, in particular, to increase sales, increase exports and create new jobs.

The condition for participation in the program is the investment of additional funds – the company’s own funds or other resources attracted by the company. The program participants will be selected in two stages: the first is the evaluation of concepts, and the second is the evaluation of detailed grant applications from participants who have passed the first stage. One of the criteria for evaluating concepts will be the number of jobs created.

It is specified that the concepts must be submitted no later than February 29, 2024. They are expected to be implemented within 12-24 months.



The Ukraine Horticulture Business Development Project (UHBDP) has announced the launch of the new grant program Small Environmental Grants to support horticulture business in Ukraine with a budget of CAD 125,000. “We would like to announce a new program of small grants… If we talk about the producers of fruits, vegetables and honey, then we are implementing this project in four southern regions of Ukraine, in which this production is focused: Mykolaiv, Kherson, Odesa and Zaporizhia regions. However, we understand that IT companies are located in different cities, therefore, we will accept applications from other regions of Ukraine for this part of the program,” UHBDP project manager Dmytro Nikolaev told reporters at the third Organic Ukraine 2019 International Congress on Friday.
UHBDP sees producers of honey, vegetables, fruits, berries and other producers of fruits and vegetables with and without organic certification, suppliers of equipment and IT tools among the program participants.
A mandatory condition for participation is an officially registered business.
The amount of grant assistance is from CAD 8,000 to CAD 12,500 for one project. The results of the grant competition will be announced by September 2019. Applications for participation in the competition can be submitted on the project’s website from April 1 to April 15, 2019.

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