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 $285 million regional fund, a pioneer in Ukraine and Moldova with over 29 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 $190 million to 143 companies employing around 27,000 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


“CREATE!”: The Ministry of Economy, WNISEF and KSE Foundation Roll Out $1 Million Grant Program for Women Entrepreneurs

April 24, 2024

The $1,000,000 will be used to support SMEs run by Ukrainian women in the production and processing sector: equipment repair, printing, clothing, furniture, food, pharmaceuticals, computers, optics, etc. The “CREATE!” grant program was presented yesterday, April 24, at the Kyiv School of Economics.

Over 400 Local Government Representatives at the 5th International Mayors’ Summit: European Integration and Security in the Spotlight

April 12, 2024

Mayors and honorable representatives from Ukraine, Moldova, Romania, the United States, Sweden, Slovakia, Lithuania, Estonia, Italy, the United Kingdom, Germany and other countries met at the International Mayors Summit on April 11, 2024 to strengthen cooperation and establish new partnerships. A total of 480 participants attended the event, including 60 Ukrainian mayors and community leaders.

StartUp4Good online incubator for social impact startups: application deadline: April 28, 2024

April 01, 2024

The Ukrainian Social Venture Fund in cooperation with WNISEF and SILab Ukraine invite you to a free training program on social entrepreneurship. The program is designed for proactive groups with a business concept, registered organizations or startups that have recently started entrepreneurial activities and address a social, humanitarian or environmental issue.

Western NIS Enterprise Fund Launches Urban Movement “City Is Me”- New Educational Project for Youth in 18 Ukrainian Cities

March 18, 2024

Cities today play a vital role in stimulating economic development, competing for talent, and addressing global challenges. Understanding how cities function and how to improve them is an important tool for strengthening citizen engagement. Recognizing this need, Western NIS Enterprise Fund is launching an educational project aimed to unite young people and provide them with the tools necessary for active engagement in urban life. The Urban Movement “City Is Me” program was designed to be held for teenagers aged 10 to 17 in 18 cities of Ukraine from March 18 to June 28, 2024.


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