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About Project

The European Bank for Reconstruction and Development and the European Union has launched the new phase of the Climate Innovation Voucher scheme as part of the FINTECC programme, aimed at increasing SMEs’ competitiveness to develop and implement climate technologies. After successful implementation in Ukraine since 2017 with EUR 1 million of grant funding, the project expands to Belarus offering grants and support to an ecosystem for clean-tech SMEs.


The Climate Innovation Vouchers (CIV) project is a component of EBRD’s Finance and Technology Transfer Centre for Climate Change (FINTECC) programme, supported by the EU through its EU4CLIMATE initiative.


Donors of the Project:


The European Bank for Reconstruction and Development is the largest international institutional investor in Ukraine. To date, the Bank has made a cumulative commitment of almost €14.6 billion through 488 projects since the start of its operations in the country and €3 billion through 142 projects in 2020. The Bank has ambitions to become the majority green bank by 2025. 


The European Union supports FINTECC in the Eastern Partnership countries as part of its EU4CLIMATE initiative with a contribution of €15.4 million in grant support, including to the Climate Innovation Voucher Scheme. EU4CLIMATE aims to assist EaP countries in the implementation of their climate commitments and the introduction of climate-sensitive policies and actions. Find out more here: euneighbours.eu; eu4business.eu.


Managerial consortium:


Greenсubator is the project lead, develops the ecosystem for sustainable entrepreneurship, climate innovations, and a green economy in Ukraine. The main goal of Greenсubator is to increase the number of players and developers of climate-positive innovations in the green economy, helping them attract investment and enter global markets and thus contribute to the development of a low-carbon economy in Ukraine.


CIVITTA is the co-implementor of the project in Belarus, a leading independent management consultancy in Emerging Europe. The company operates in 15 countries: Estonia, Latvia, Lithuania, Poland, Finland, Denmark, Belarus, Russia, Ukraine, Moldova, Serbia, Romania, Slovakia, Bulgaria and North Macedonia. CIVITTA provides management consulting and implementation services to corporations, start-ups, SMEs, governments and NGOs, delivering great value for the money price point. 

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