In late May, the World Economic Forum in Davos played host to a round table on the “restoration of Ukraine.” Among the participants were Alex Bornyakov, Ukraine’s deputy minister of Digital Transformation, and Andrey Kolodyuk, chairman of the supervisory board of the Ukrainian Venture Capital and Private Equity Association (UVCA).
The UVCA presented a “Ukraine Redevelopment and Recovery Plan” (URPP), aiming to complement macro economic support with privately-initiated joint investments in Ukraine.
“Cities affected by the war must be provided with drinking water, electricity and fuel and prepare critical infrastructure for the winter,” the UVCA press office told Ukraine Digital News. “We can’t wait until the end of the war to address such needs, so focus should be made on joint investments in practical projects in the very short term.”
“We should start with small projects — for example, providing equipment in cooperation with Ukrainian SMEs — with no risk for international investors. This is what the URPP is about.”
Among the considered instruments could be a “re-development platform,” supported by the UVCA and other national investment associations. Such a platform would attract foreign investors to a variety of projects in such fields as energy, water cleaning, food, urban reconstruction and development, medicine, information technologies and others — taking into full account sustainable development goals.
The program could also leverage existing investment instruments such as the fund-of-funds which is being implemented by the UVCA and 10 venture funds under the auspices of the ministry of Digital Transformation.
A dedicated working group, created by the UVCA, is open to investors from all sectors and countries of the world.
For more information, please contact the UVCA at office[at]uvca.eu