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 28 years 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 $188 million to 136 companies employing around 26,000 people and made it possible to unlock $2.3 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 Attracts New Funding of $135 Million to Support Economic Recovery in Ukraine and Moldova

February 06, 2023

Western NIS Enterprise Fund (WNISEF, the Fund) announced today receipt of new funding of $135 million to expand its ability to meet critical needs and further its contribution to economic recovery in Ukraine and Moldova (the Region). These funds were transferred from The U.S. Russia Investment Fund (TUSRIF), in partnership with the U.S. Congress via U.S. Agency for International Development (USAID).

Join the Creative Accelerator dedicated to creative industries and benefit from a financial support of 5000 $

February 01, 2023

The first business accelerator program dedicated exclusively to creative industries in Moldova has been launched. Within it, any local creator or artist, business or startup that develops a unique creative product with a quick growth potential will receive training and mentoring from successful entrepreneurs, support in project development and the opportunity to pitch their idea for obtaining a 5000 $ financial support. Registrations are open until February 19, 2023, click on the following link:

Eight innovative companies will get a chance to represent Ukraine at SXSW 2023. How to get on the list?

January 23, 2023

The USAID Competitive Economy Program in Ukraine, Ukrainian Startup Fund, Startup Grind Kyiv, and Western NIS Enterprise Fund, supported by the Ministry of Digital Transformation of Ukraine and Innovation Bridge Europe, invite Ukrainian companies to pitch their innovative technologies at the SXSW 2023 international conference in Austin, USA.


January 19, 2023

After four days of stimulating panels and events, Ukraine House Davos 2023 ended with a conversation between Foreign Minister Dmytro Kuleba and Daniel Kurtz-Phelan from Foreign Affairs magazine and several panels on Ukraine’s post-war-victory future.


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Made in Ukraine – Nazar Bilous. LaMetric

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Made in Ukraine – Viktor Kopach and Vasyl Dub. Animal ID

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WNISEF 25th Anniversary Reception