Business news from Ukraine


The Verkhovna Rada has simplified the mechanism for financing the current activities of the Ukrainian Cultural Foundation (UKF) and its experts during martial law.
The adoption of the relevant bill No. 7417 as a basis and in general was supported by 313 people’s deputies at the plenary session on Sunday, Yaroslav Zheleznyak, a member of the Voice faction, said in his telegram channel.
According to the explanatory note, in connection with the introduction of martial law in Ukraine, the fund’s expenses in 2022 were reduced by 90%. The authors of the document note that the bill provides for the removal of the current restriction on financing the activities of the UKF in 16% of the annual income of the fund.
This will ensure the proper organization and stabilization of the activities of the UKF, will prevent the dismissal of employees and a complete halt in the activities of the fund, which plays an important role in the development of culture and creative industries in Ukraine. In particular, it is required to simplify the mechanism for financing the current activities and logistics of the UKF, the activities of its expert councils during martial law.

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Project finalists will have the opportunity to develop their own design project and undergo an internship in a business environment

Ukrainian cultural organizations have developed an innovative international educational program European Design Upgrade (EDU 2.0) for graduate students. The 2021 project is aimed at the development of creative industries and support for talented students of design and creative industries and is a continuation of the implemented international project in 2020.

EDU 2.0 is supported by the Ukrainian Cultural Foundation and implemented by the Vasyl Khmelnytsky K.Fund foundation and the non-governmental organization GoLocal. UNIT.City innovation parks in Kyiv and Kharkiv are business partners.

With the program, course participants will have the opportunity to increase their awareness and competitiveness, expand their worldview and gain understanding of the latest trends and achievements of European design, which were used in the European Design Upgrade project in 2020 and preparation for Ukrainian designers in Dutch Design Week 2020.

The project program will be available in Ukrainian and English and will include blocks: “Philosophy and concept of design”, “Urban design and innovative technologies”, “Business strategies for sustainable design”, “Humanistic design of the future”, two hackathons and final presentations of design ideas business representatives.

Among the advantages of the course are lecturer and mentoring support of leading Ukrainian designers and entrepreneurs of the creative sector, an active student network of designers, applied application of design concepts and interaction throughout the project with the innovative business environment. The finalists of the project, whose ideas will find a response from the partners, will have the opportunity to undergo an internship.

The project will run from early August to late October 2021. The ideal applicant must fill out a complete questionnaire, present the idea of ​​their own project, indicate their own motivation and be a graduate of specialized universities. It is possible to become a participant of the program after filling in the form and interview-interviews with the project curators.

More about the program “Development of European Design” via the link.


The K.Fund foundation was founded by Ukrainian entrepreneur Vasyl Khmelnytsky in 2015 to support projects in the field of education and economics. K.Fund’s mission is to provide keys for development and implementation, provide opportunities for new knowledge and skills, facilitate discovery and help reach a new level.

The project is funded with support from the Ukrainian Cultural Foundation.

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