UK Provides £10 Million for Innovative Green Energy Projects in Ukraine
The UK government is allocating £10 million for the funding of top innovative projects proposed by participants to rebuild Ukraine's green energy sector.
The British Embassy in Ukraine announced this through its press service.
The initiative, called the Innovate Ukraine Competition, aims to develop innovation in green energy and contribute to the post-war reconstruction of Ukraine simultaneously.
To facilitate this, organizers have created a dedicated website with detailed information on eligible ideas, participation criteria, competition duration, and application submission.
"Last week, at the Ukraine Recovery Conference in London, the UK launched the Innovate Ukraine Green Energy Challenge Fund. Companies, research organizations, charities, and non-governmental organizations from Ukraine and other countries can now apply for project funding ranging from £50,000 to £2 million. The application process will conclude in September, and projects are expected to run from March 2024 until March 2026," the statement said.
Interested participants are offered webinars and virtual meetings to discuss the opportunities presented by the competition.
Applications can be submitted until September 8, 2023.
Innovate Ukraine is a financial competition aimed at supporting and developing energy innovations that will contribute to the revival and recovery of Ukraine.
"Starting from June 2023, the website will serve as a portal for understanding the scope of the competition, acceptability, partner search, and ultimately, application submission for the Innovate Ukraine competition.
We will also conduct a series of webinars and one-on-one virtual meetings to discuss project possibilities and facilitate connections between organizations to help identify and develop energy-related innovations critical to Ukraine's recovery.
The competition officially begins on June 19, 2023, but the collaboration and networking platform will be open immediately to allow potential applicants to prepare and find project partners.
The competition is open to participants from both the UK and other countries."
Recall that the Ukraine Recovery Conference 2023, a large-scale conference that brought together over a thousand participants, including politicians, officials, businessmen, leaders from the public and private sectors, representing 59 countries, 33 international organizations, over 400 companies, and 130 civil society organizations, concluded in London last week. Governments, financial institutions, international organizations, businesses, and civil society explored effective ways and tools to support Ukraine's economy and security as it endures Russian military aggression for the second year.