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


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 $172 million to 127 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


Schoolgirls from Throughout Ukraine Presented Problem-Solving IT Projects in Kharkiv

July 09, 2018

Twenty-five schoolgirls from throughout Ukraine presented innovative IT projects aimed at solving various community problems in Kharkiv this weekend. The projects were presented at the Technovation Summer Camp 2018, organized by the Western NIS Enterprise Fund in partnership with Peace Corps Ukraine as part of the Technovation Ukraine project.

Ukrainian Delegation Will Visit Austria with a Trade Mission

June 27, 2018

On July 4-6, 2018, Ukrainian business and government delegation will head to Austria with a trade mission, aimed to bring out new export opportunities for Ukrainian producers of food and food products. The mission is organized by the Export Promotion Office under the Ministry of Economic Development and Trade of Ukraine with the support of the Western NIS Enterprise Fund (WNISEF) and the Embassy of Ukraine in Austria.

Western NIS Enterprise Fund Awarded Six More Scholarships to Ukrainians to Study at Top U.S. Universities

June 26, 2018

Western NIS Enterprise Fund (WNISEF) has awarded six talented Ukrainians with grants to study at top U.S. universities within SEED Grant program. The SEED Grant program was launched by WNISEF in 2015 and provides Ukrainians and Moldovans with scholarships covering up to 100% of tuition for MBA, MPA and LLM studies at top U.S. universities.

Western NIS Enterprise Fund Elects Marta Farion to Board of Directors

June 21, 2018

Western NIS Enterprise Fund (WNISEF) announced today that the Board of Directors elected Marta Farion as a Member of the Board, subject to USAID approval. Marta Farion is an American attorney, active in the Ukrainian-American community and with years of experience in Ukraine.


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Technovation Ukraine Regional Pitch Event 2018

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Western NIS Enterprise Fund. April 2018

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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.