Applications closed
Climate Innovation Vouchers
Ukraine's largest grant competition for innovators in climate-friendly technologies. Greencubator has been delivering the programme in Ukraine since 2017 as part of the EBRD FINTECC initiative, with the support of the EU.
A grant for Ukrainian cleantech
Climate Innovation Vouchers (CIV) is a grant programme for Ukrainian cleantech.
Grants of up to EUR 50,000 cover 75% of the cost of services: intellectual property protection, industrial design, product certification, production facility design and more.
Taking part is not only about money: you join an ecosystem where service providers, mentors and partners are there to support you.
CIV is a component of the EBRD FINTECC programme (Finance and Technology Transfer Centre for Climate Change), supported by the EU under the EU4CLIMATE initiative.
Four rules worth knowing before you apply
The grant funds services
The company selects a service provider to carry out the work. Up to three providers can be engaged for different services.
Equipment, no more than 20%
Only a fifth of the grant can go towards buying equipment. The rest is work and services.
25% co-financing
The beneficiary pays the service provider 25% from its own funds; the EBRD reimburses the remaining 75% once the work is complete.
The programme supports Ukrainian business
The applicant is a small or medium business, privately owned, and has been operating for at least a year.
Our green champions
Stories of Ukrainian companies for which the voucher became support in scaling their business and developing green technologies.
Requirements for beneficiaries
Beneficiaries are small and medium businesses in Ukraine that develop or deploy green innovative technologies
- ✓The company develops or deploys climate-friendly technologies
- ✓The proposed project can reduce CO₂ and other greenhouse gas emissions
- ✓The potential beneficiary has been operating for at least 1 year before applying
- ✓The applicant is a small or medium business and is privately owned
- ✓The company is ready to co-finance at least 25% of the grant amount
Requirements for service providers
Service providers are companies that deliver the services which bring these green technologies to life. Verified providers are listed in the catalogue.
- ✓A registered private or state company, or a sole trader
- ✓At least 2 years of experience delivering services in the relevant field
- ✓All required permits in place (licences, certificates and so on)
- ✓References from at least two companies given similar services in the past two years
5 steps to funding
Define the problem
Outline the problem that is holding back your climate technology
Choose a service provider
Pick a partner who will help solve the problem and improve your innovation
Apply
Applications were open for several months, with an online kick-off and weekly consultations
Go through selection
An expert jury selects the winners, followed by additional due diligence on the shortlisted companies. Once results are announced, service contracts and a grant agreement are signed between the wave's winners and the EBRD
Deliver the project
Up to six months to complete the project. Once finished, the EBRD pays the grant covering 75% of the cost.
How eight years ended
Between 2017 and 2025, CIV supported more than 64 Ukrainian cleantech companies with grants worth around EUR 2.3 million. In September 2025 an awards ceremony was held for the 11 winners of the final wave of the closing phase.
The project earned national recognition: in 2024 CIV won the European Enterprise Promotion Awards for its contribution to entrepreneurship and received a special mention at European level in the "Supporting the Sustainable Transition" category.
Ukrainian grantees presented their work on the largest international stages. Eight beneficiaries spoke at COP29 in Baku, the UN climate change conference.
Beyond grant support, together with the UCU Business School we developed a training programme for beneficiaries, "Growing Ukraine's Green Industries: Capacity Building for Climate Innovators", provide mentoring and prepare companies for meetings with investors.
And we are already working on new opportunities for Ukrainian cleantech, so stay tuned.
Not only money, but eight weeks of work
When designing the programme we wanted more than simply handing out a grant. The goal was a living working environment where Ukrainian cleantech founders scale their businesses alongside those who have already walked that path: engineers, investors, managers and partners.
One of the key design decisions was simple: every module is taught by practitioners. No academic digressions, no worn-out MBA slides. Cleantech moves too fast, and Ukraine's window of opportunity for climate leadership is too narrow.
Applications are closed
Leave your contact details and we will let you know as soon as the next application round opens.
Looking for funding for a climate technology?
The final wave of Climate Innovation Vouchers is in its last stretch: applications closed in February 2025, teams are completing their projects and the EBRD is paying out the grants. Write to us and we will point you to what is open right now.