Building competitive economies and just societies firmly anchored in Europe

Ukraine-Moldova American Enterprise Fund is a regional fund with experience in investing in small and medium-sized companies. In 2015 the fund launched a $170 million legacy program focused on 4 areas.

Ukraine-Moldova
American Enterprise Fund

We've rebranded to UMAEF, emphasizing our dedication to Ukraine and Moldova.

WNISEF

UMAEF

UMAEF is a

$285 million

regional fund, a pioneer in Ukraine and Moldova

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UMAEF has

29+ years

of experience in investing in small and medium-sized companies

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UMAEF invested

$190 million

to 143 companies employing around 27,000 people

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UMAEF made it possible to unlock

$2.4 billion

for companies in Ukraine and Moldova

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Since 2015 UMAEF implements a

$170 million

legacy program focused on direct investment and SME development, local economic development, impact investing, entrepreneurship, education and innovations, and veteran support.

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UMAEF supported over

34,000

companies in Ukraine and Moldova

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UMAEF impacted

5.5+ million

people

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Governance

UMAEF is governed by an independent Board of Directors comprised of leading representatives of the U.S. business community. UMAEF was established by the U.S. Congress and funded by the U.S. government via USAID.

Mission

UMAEF is funding innovative, high-impact, reform focused programs and aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership.

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Key Projects

Ukraine House Davos

Ukraine House Davos is a platform that demonstrates the best achievements of Ukrainian business and culture to the world during the World Economic Forum, which takes place annually in Davos, Switzerland. In its first five years, Ukraine House Davos attracted over 40,000 visitors, the most recent Ukraine House alone gathered circa 400,000 views, and posts received over 1.2 million impressions from around the world. Ukraine House Davos is led by Executive Director Ulyana Khromyak and co-organized by Victor Pinchuk Foundation, Ukraine-Moldova American Enterprise Fund, and Horizon Capital. Ukraine House Davos Organizing Committee is comprised of four women who volunteer their efforts to produce this event:

Jaroslawa Johnson, President and CEO of Ukraine-Moldova American Enterprise Fund (UMAEF)
Svitlana Grytsenko of Victor Pinchuk Foundation
Lenna Koszarny, Founding Partner and CEO of Horizon Capital
Ulyana Khromyak, Executive Director of Ukraine House Davos

Project site

Ukrainian Leadership Academy

The Ukrainian Leadership Academy is a 10-month program of personal and collective development for secondary school graduates built on combination of physical, psychological, and intellectual development and based on the values. The aim of the Academy is to unite young people with high potential for leadership, and provide them with the best training and world practices, help them to discover a deep understanding of national identity, reveal their true talent, and encourage them to become agents of change for the benefit of our country. The Academy was founded in 2015 with support of Ukraine-Moldova American Enterprise Fund. The project is supported by the Presidential Administration of Ukraine, the Parliament Committee on Education and Science, and the Ministry of Education and Science of Ukraine.

Project site

International Mayors Summit

International Mayors Summit (IMS), launched in 2016 as a knowledge exchange platform for local government leaders, became “more than a conference”, a place where projects and partnerships are born. The annual Summit brings together prominent mayors from throughout the world, the business community, international organizations representatives and civil society to discuss solutions, innovations, best practices and common challenges in all areas of city life. The Summit is organized by Western NIS Enterprise Fund and supported by the Prime Minister of Ukraine. Mayors and experts from the USA, Canada, the Netherlands, UK, UAE, Lithuania, Norway, Poland, and Germany took part at the International Mayors Summit. The Summit’s format allows participants to get knowledge and build a strong international network with prominent global leaders of urban transformation, be part of professional speed-networking sessions, test various solutions at the location, sign memorandums and launch special projects.

Project site