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Project evaluation criteria

GHG reduction

To which extent a proposed project is capable of reducing CO2 and other GHG emissions?

Innovation level

To what extent will this technology advance climate innovations? Is this a new product or just the adaptation/ new version of the existing solution?

Adaptability and scalability

Can this technology be scaled? Does this innovation have application in other sectors/verticals/industries?

Market potential

How this technology/product/project can develop the market of climate innovations. Can it increase Beneficiaries’ market share or change the whole climate innovations ecosystem of Ukraine and Belarus?

Realistic implementation of technology / product

How likely is the successful implementation of this technology / product / project?

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  • The company wants to develop or implement technologies that reduce the negative impact on the climate
  • The company is a legal person registered in Ukraine or Belarus.
  • The company has been provided a business activity at least 2 years before the project submission date.
  • The company is a small or medium business
  • The company is ready to cover at least 25% of the total project cost.

  • Communal or state enterprises, public organizations, physical person entrepreneurs (FOP) can not be applicants 
  • Restrictive measures (sanctions) are applied to the company or its owners in Ukraine, the EU, and the USA. 
  • The company is registered, located and/or work at the occupied territories, which the Ukrainian government does not control 
  • The company was declared insolvent during the last 2 years before the application submission date 
  • The Company poses a reputational risk to the EBRD and/or the Project Manager following the EBRD Enforcement Policies and Procedures
  • The company produces alcohol, tobacco, or gambling.

  • Research and development (R&D). These services include any scientific and research services which provide: 
    • Design 
    • The industrial design of a product 
    • Adapting product for different client/use case 
    • Algorithm development 
  • Testing. These services include any testing of specific equipment or software. They include (but are not limited to) the following: 
    • Equipment testing 
    • Hardware products testing 
    • Using precision tools for testing purposes 
  • Certification. This type of services includes obtaining any certification documents allowing the Applicant to sell his climate technologies and reduce his GHG emissions to improve its market position: 
    • National certification 
    • Influential benchmark testing 
    • International certification 
  • Intellectual property protection. Includes IP protection of inventions, models, trademarks, logos and signs: 
    • Patent research 
    • IP expertise 
    • Defining IP protection tactics 
    • National and international registration of patents, trademarks, signs for goods and services 
    • National and international IP protection 
  • IT component development. This type of service can include developing software components for products or projects, reducing GHG emissions as a part of a company’s business processes, or a company’s products. 
  • Technological consulting and audit. This type of service may include professional advice on innovation for business; assessment of shortcomings and areas for technological processes improvement:
    • ecological passports
    • environmental audit
    • energy consumption monitoring
    • energy consumption standards development
    • energy security consultations
  • Other services. This list is not comprehensive. If an Applicant proves that considerable GHG emissions reduction using other services than listed above, the Project Manager may propose this project for funding.

  • Registration on the climate.biz.  
  • Filling in the application by the Applicant
  • Evaluation of the application by professional experts 
  • The project presentation by the Applicant in case of receiving a positive assessment 
  • Announcements of the selection wave winners that nominated for the signing of the Grant Agreement with the EBRD

  • Announcement of the selection wave winners 
  • Concluding the contract between the winners and the service providers specified in the project applications 
  • Concluding the Grant Agreement between the EBRD and the winners and becoming the Climate Innovation Vouchers Project Beneficiary 
  • Implementation of the project by the Beneficiary within the Grant Agreement 
  • The Project Manager monitors the status of the Beneficiary’s project implementation 
  • The Beneficiaries report on project implementation and receipt of services from service providers 
  • The Project Manager carries out the audit of the project results 
  • Payment of the grant funds to the Beneficiaries’ bank account

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