Startup grants now open to IDPs and local communities of Donetsk and Luhansk regionsJul 20, 2016
Kiyv, 19 July 2016 - UNDP launches today its competition for grants that will support entrepreneurship and the creation of small businesses in Ukraine to ultimately help improve the livelihoods of internally displaced persons (IDPs) and of host communities in Donbas.
Application for grants is open to IDPs residing in Dnipropetrovsk, Zaporizhzhia, Kyiv, Odesa, Poltava, Khrakiv, Luhansk and Donetsk oblasts and in Kyiv city, as well as to local populations of the Donetsk and Luhansk regions until 15 August 2016.
UNDP grants will be allocated to help launch, restore or expand small business activities. Applicants must present business plans that demonstrate long-term prospects for profit, relevant market indicators, and which provide self-employment or job creation opportunities, including for family members.
Business grant amounts will depend on the number of jobs created by the activity:
- UAH 200, 000 will be allocated to business plans aiming to create at least 4 jobs;
- UAH 150, 000 will be allocated to business plans aiming to create at least 3 jobs;
- UAH 100, 000 will be allocated to business plans aiming to create at least 2 jobs;
- UAH 50, 000 will be allocated to business plans aiming to create at least one job (including self-employment).
Successful applicants will be required to contribute by at least 25% of their business project’s total costs.
Find out more about UNDP business startup grants in the interview with Ruslan Fedorov, Area Manager of UNDP Recovery and Peacebuiding Programme, at Radio Svoboda:
“Small companies and entrepreneurship in Ukraine today are what drives progress and society forward. Until Ukrainian public institutions can anew provide IDPs and Donbas inhabitants with access to credit lines to develop their businesses, we are thrilled to enable deserving women and men’s creativity and innovation to nonetheless contribute to creating jobs and boosting local economy and development despite the adverse conditions they are currently facing,” said UNDP Ukraine Country Director, Janthomas Hiemstra.
The Business Startup Grants Contest is implemented by the United Nations Development Programme (UNDP), with the financial support of the Governments of Japan, Great Britain, Poland and the Czech Republic.
More information about the UNDP business startup grant competition can be found in Ukrainian here.
More info about the competition and application process:
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