Ukrainian Companies Receive Grants From the EBRD For Climate Innovation

Monday, September 20, 2021
Ukrainian Companies Receive Grants From the EBRD For Climate Innovation

The European Bank for Reconstruction and Development and the European Union is providing new grants to help innovative Ukrainian companies that are taking new approaches to improve climate resilience

As noted, six companies from Ukraine received climate innovation vouchers. These funds cover 75% of eligible costs (up to €50,000 excluding VAT) for innovative solutions and technologies these private companies use to counter climate change.

Highlighted innovations include agricultural drones, hemp houses, “good” plastics, and more. The EU and EBRD have already provided climate innovation vouchers totaling €million in Ukraine.

Irina Kravchenko, an EBRD deputy chairperson for Ukraine, said: “I am overwhelmed by the dedication of the winners to tackling the pressing issue of climate change with clean technologies. Investing in innovation is accelerating the development of disruptive clean technologies with great impact, and therefore the EBRD is pleased to support new successful Ukrainian companies through our climate innovation voucher program.”

The winners are the company for the processing of plastic waste The Good Plastic Company, the architectural studio EcoDar, the producer of yeast Enzym, the engineering firm Dominion, the company Viva Victoria and the Laboratory of Advanced Rocket Engines, engaged in rocket and space technologies.

The spheres of activity of the companies are very diverse. For example, Ekodar offers innovative energy-efficient and environmentally friendly houses that are built on hemp blocks and boards, Enzym is the leading yeast producer in Ukraine. Viva Victoria is developing remote-controlled climate systems for greenhouses, and the Advanced Rocket Engine Laboratory is completing a full-size drone for aerial application of pesticides or fertilizers.

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