Improved ability of SMEs to access new markets

Strengthen communities and innovative market-based solutions at a local level

Solving social problems in community by providing accessible capital, coaching and mentoring

Developing of a new generation of leaders who will transform Ukraine and Moldova

Western NIS Enterprise Fund Annual Report 2016

Western NIS Enterprise Fund


Western NIS Enterprise Fund (WNISEF) is a $150 million regional fund, a pioneer in Ukraine and Moldova with more than two decades of successful experience in investing in small and medium-sized companies. WNISEF was funded by the U.S. government via the U.S. Agency for International Development (USAID). Since its inception, WNISEF’s cumulative investments total over $168 million to 118 companies employing around 25 000 people and made it possible to unlock $1.5 billion for companies in Ukraine and Moldova.

In 2015 WNISEF has launched a $35 million legacy program focused on export promotion, local economic development, impact investing and economic leadership.


WNISEF is funding innovative, high-impact, reform focused programs and aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership.


WNISEF is governed by an independent Board of Directors comprised of leading representatives of the U.S. business community. WNISEF was established by the U.S. Congress and funded by the U.S. government via USAID.

We believe that these funds will be the catalyst that will expedite the transformative process and cement its results for the longer term – until ordinary people feel a tangible impact on their lives and join the ranks of reformers.

Jaroslawa Zelinsky Johnson

President and CEO of Western NIS Enterprise Fund


Western NIS Enterprise Fund Launches New Fund to Invest in Promising Startups from Ukraine and Moldova

November 15, 2017

Western NIS Enterprise Fund (WNISEF), with more than two decades of successful experience investing in small and medium-sized companies, announced the launch of U.Ventures, a new fund focusing on investing in early-stage technology startups from Ukraine and Moldova.

Teсhnovation Challenge, a global tech entrepreneurship competition for girls started its new season in Ukraine

November 03, 2017

The Innovation Park Unit.City hosted the kick-off session of the tech entrepreneurship competition for schoolgirls and the discussion of technical opportunities for girls in Ukraine. Ukraine joined the program in 2017 and has already seen 15 teams of girls making mobile apps for solving issues in the Ukrainian cities. The project in Ukraine is supported by the Western NIS Enterprise Fund and Peace Corps.

Oshchadbank and Western NIS Enterprise Fund Provide a Social Loan to Support ATO Veterans

October 18, 2017

Oshchadbank has provided the first social loan to a self-employed entrepreneur as part of “Social Entrepreneurship” – a joint program, partnered with Western NIS Enterprise Fund.

UA TECH EXPO ZONE for CES-2018 Announced

October 17, 2017

10 winners of the UVCA Challenge: CES-Edition contest were announced to represent Ukraine in January at the world’s largest consumer electronics show CES-2018, that is annually held in Las Vegas, NV. The contest winning projects encompass various fields ranging from aggrotech, and 3D printing to systems of traffic and parental control.


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Ukraine Trade Mission to Israel

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Agents of Change in Rural Education: Yearly Progress Report of 24 HUB Schools

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Ukrainian Leadership Academy

The Ukrainian Leadership Academy, a program of community and individual development, taught recent high school graduates the importance of socially responsible leadership, national and personal identity, and provided the training – physical, psychological and communicational, and intellectual – necessary to unlock their country’s potential from within.