EBRD and EU: over €2 million invested in green innovations in Ukraine
Eleven Ukrainian companies have won in the fourth wave of the final phase of the Climate Innovation Vouchers project – Ukraine’s largest grant competition for innovators in climate-friendly technologies, often referred to as the country’s climate Oscars.
With the support of the European Bank for Reconstruction and Development (EBRD) and the European Union, these companies will receive a total of €384,241 to develop and implement green innovations.
The winners were announced on 23 September at the Final Award Ceremony, held in Kyiv. The event also presented the results of eight years of the Climate Innovation Vouchers in Ukraine, showcased leading grantees, and highlighted the project’s contribution to the development of Ukrainian cleantech. To celebrate the achievements, the event brought together ecosystem leaders, investors, donors, international partners, and government representatives.
“In today’s very difficult circumstances for Ukraine, it is especially important to showcase and build on these positive developments. We have seen what defence technologies and drones have done for Ukraine’s image, and the Climate Innovation Vouchers can similarly highlight other innovations across broader sectors – ones that Ukrainians have the capacity to scale and spread far beyond Ukraine,” said Henrik Huitfeldt, Head of Section for Public Finance, Business Support and Social Policies of the EU Delegation to Ukraine.
Since the project’s launch in 2017, more than 50 Ukrainian companies have received support from the EBRD and the EU under the Climate Innovation Vouchers, amounting to over €2 million.
The Climate Innovation Vouchers grant competition is part of the EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme, supported by the EU under the EU4CLIMATE initiative. In Ukraine, the programme has been implemented since 2017 by NGO Greencubator.
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