Impact Business is an in-depth acceleration program, created by an international team of experts, entrepreneurs, and investors for the active businesses registered in Ukraine that want to contribute to the post-war recovery of Ukraine and create positive and lasting social impact.
To boost your company and help you develop impact strategy, we are offering you:
Unique 9-month equity-free virtual program
Free access to global tech resources
30 hours of dedicated time with mentors
Hundreds of experts and coaches from leading international companies and successful start-ups
2 companies can win up to €20,000 grant provided by Ukrainian Social Venture Fund under the "Collaborate for Impact" project, funded by the European Union and implemented in partnership with EVPA
Connection to top investors
Online lectures (both live and on demand) based on the company’s needs
Face-to-face online sessions for teams with mentors and experts
Home assignments contribute to mastering the material and putting the acquired knowledge into practice
Enhancing pitching and presentation skills
Presentation to global investors during the Demo Day
The main criteria for the selection of participants
The company has to be registered and has been operating in Ukraine for at least one year. Enterprises should submit copies of registration certificates.
Financial activity / stability
The business model of the company demonstrates the potential for financial stability and further development. The company should submit its tax reporting for the first three quarters of 2022 (if available) or the annual tax report for 2021.
The company has an enthusiastic team of founders and employees who are invested in the success of the project, are open to mentoring, and are interested in the development of the company (at least 3 people). The list of employees should be presented together with a description of their key role. All team members participating in the acceleration program should be able to communicate and to conduct business in both Ukrainian and English.
The business model of a company is a model with proven profitability and market opportunities and can be scaled to other cities and regions of the country or globally. The company should present a business plan with a realistic forecast for the company to achieve a certain level of profitability.
The company has a product/service/program already on the market, or ready to launch on the market within 6 months from starting the acceleration program.
The proposed business model, product, or service is innovative in solving a particular problem. The presence of an innovative component increases the chances of being selected for participation in the accelerator program.
The business model can be scaled to other cities, regions of the country or globally.
The company has ethics guidelines and follows ethics norms and principles in how they conduct their business, including in their reporting.
The company should either have a formalized impact mission (goal) OR have intention and be committed to pivot their business model(s)to prioritize social impact efforts alongside the profits and be willing to codify that in governance documents. While the acceleration program will help the participant crystalize, formalize and define a measurement approach for the social impact, the program applicants should have a broad idea(s) of what type of social impact / cause / challenge they want to help address.
Ability and willingness to attend all required classes, workshops and practice sessions and complete required homework assignments.
Companies from all verticals and industries can apply if they believe the program would be relevant to them and they aspire to create more social impact. An additional advantage will be for innovative tech solutions and/or those that meet the challenges of time. We would prioritize participants from next areas:
- Pharmaceutical industry
- Chemical industry
- Construction industry
- Services (e.g., Education, ecommerce, innovative retail, Social services / work with vulnerable groups, Culture preservation and promotion, etc.)
- Customer goods
- Ecology (e.g., water purification, recycling, etc.)
Creating a scalable and sustainable business model that funds shelters, provides opportunities for women to learn new skills, gain fair employment, and improve their economic situation, while preserving traditional crafts, promoting mentoring and teaching, and building more inclusive communities.Visit us
Providing remote work opportunities, psychological support, and training in hard skills, to Ukrainian women who lack digital skills and have been affected by war.Visit us
Reducing the level of unemployment in rural areas and increasing self-employment through the development of family-owned berry farms.Visit us
Fostering the development of human potential in the creative industries, craft production, arts, cultural heritage revitalization, and modernization in Ukraine, and supporting Ukrainian crafters, artisans, writers, and artists.Visit us
Health care, IT
Diagnosing and providing vision-saving interventions for a minimum of 600,000 individuals across nine Eastern European countries within a 3-year timeframe.Visit us
Green for you
Providing job opportunities for internally displaced people. Utilizing only locally grown food in their products.Visit us
Health care, IT
Promoting understanding of mental health, challenging stereotypes surrounding it, providing guidance on preventing burnout. Coping with challenges such as living during times of war, building self-confidence. Facilitating access to professional psychologists.Visit us
Industry, Energy, Agriculture
Replacing imported industrial equipment with domestically produced with the aim of reducing dependence on foreign imports and supporting domestic industries. Focusing on engaging young people in the industrial production process. Expanding the portfolio of services for local production of industrial equipment and spare parts.Visit us
NO WASTE Ukraine
Waste Management Infrastructure, Services, Environment
Establishing a network of at least 300 sorting stations across Ukraine. Expanding to the Polish, US, and UK markets. Becoming an innovative business with green values in the waste management market during the post-war reconstruction of Ukraine, which will provide residents of cities with high-quality and affordable services for waste separation, promoting the strengthening of a responsible culture of waste management through practices such as separate collection and recycling.Visit us
Promoting Ukrainian design, using local products, and creating a cluster of brands.Visit us
Made with Bravery
Facilitating the entry of small Ukrainian producers into foreign markets and allocating 100% of our company's profits to housing reconstruction.Visit us
Providing free educational training on the critical medical topics, like Covid-related training, and war-related first aid courses.Visit us
Popularizing care for mental health and changing stereotypes about reaching out for help related to emotional well-being.Visit us
Apparel retail and manufacturing
Reducing unemployment in their communities through the "sewing school" initiative, which provides training and employment opportunities to individuals without experience. Сreating an innovative hub and online handbook for the consumer goods industry in the Zhytomyr region, with the goal of exchanging experience, creating learning classes, implementing eco-friendly production standards, and striving towards waste-free production.Visit us
Tepla Hora Foundation
Providing an opportunity for people who have suffered from war to rest and recover for free. Offering a special 10-day recovery program for military personnel and volunteers in the Ukrainian mountains.Visit us
Cleantech, sustainability, ecology
Promoting responsible consumption and production. Taking action to combat climate change and its impacts.Visit us
Reducing medical errors, promoting accurate diagnosis and improving patients outcomes both in Ukraine and worldwide.Visit us
Providing employment opportunities in knitting production to socially vulnerable women, including internally displaced girls and women, pensioners, and single mothers, while contributing to more inclusive and resilient communities.Visit us
Health Care, Med Tech, Deep Tech
Providing easy access to the cardiac diagnostic services throughout Ukraine, particularly in remote regions lacking quality healthcare, with the aim to detect early symptoms of cardiac disease.Visit us
Minimizing negative environmental impacts, such as water, soil, and air pollution, through the popularization of waste sorting, providing affordable services for waste recycling, and promoting sustainability and environmental awareness.Visit us
Producing environmentally-friendly products with at least 30% of the raw materials used in production as secondary raw materials.Visit us
Committed to retaining current employees and ensuring job security. Increase in production and exports for Ukrainian food companies. Make Ukraine a world recognized R&D hub for the Agri-food industry. Community development in Vinnytsia. Providing training and employment opportunities for retired military personnel.Visit us
Promoting energy-efficient and environmentally friendly construction practices in Ukraine and the European Union, utilizing technologically advanced methods to promote resource-saving and sustainable construction.Visit us
The program was created by Impact Force, a Ukrainian NGO, in partnership with leading global and local organizations
The program will cover fundamentals of impact economy, as well as general business topics:
- Fundamentals of impact economy:
Impact economy and the benefits it brings to companies, consumers and society
Leading business with social impact: understanding theory of changed and expected outcomes, impacts and outputs, KPIs and how to report it
Scaling and export strategies in order to effectively grow your business in and outside of Ukraine
Social impact and fundraising
- General business topics:
Commercial and b2b partnership development
Marketing, branding and positioning
Finance and accounting
Fundraising and pitching to investors
- 10 live lectures & workshops
- 11 modules / guides with required homework focused on key business topics on impact economy
- On-demand content for key business topics
- Monthly check-ins with dedicated program mentors
- Thousands of on-demand experts globally
- Exclusive virtual and in-person events with peers, partners, and investors
- Free technology resources from project partners
- Final presentation to investors @Demo Day in December 2023
- 2 companies can win up to €20,000 grant provided by Ukrainian Social Venture Fund under the "Collaborate for Impact" project, funded by the European Union and implemented in partnership with EVPA
* The organizers reserve the right not to explain or comment on the reasons for rejection of applicants based on the selection results.
We are looking for active enterprises that are registered in Ukraine and aspire to have an impact strategy as part of the core strategy or are committed to integrate it.