The “Empowering Future Entrepreneurial Ukraine” program, backed by a consortium of advisors, entrepreneurs, and business leaders from Finland, Estonia, and Ukraine, is dedicated to fostering innovation and reconstruction efforts in Ukraine. The initiative aims to generate advancements in energy, construction, healthcare, defense, and security, as well as food and agriculture. By doing so, it seeks to contribute to the rebuilding of Ukraine and instill confidence in the country’s youth.
Out of 76 applicants, 14 startups were chosen for the program, offering them mentorship from experienced entrepreneurs and business leaders in Finland, the Baltics, and Ukraine. Additionally, the startups have the opportunity to share a prize pool exceeding 50,000 euros.
The Ukrainian Future, an established incubator incorporating educational expertise from Finland since 2018, organizes the pitching and mentoring components of the program. According to Vitaliy Lisovyi, CEO of Ukrainian Future, the initiative provides startups with the chance to stay in Ukraine, actively contribute to its rebuilding, integrate into the global startup ecosystem, and access new funding opportunities.
Hannele Mennala, an advisor, emphasized the crucial role of Finnish proficiency in education and entrepreneurship in supporting Ukraine’s reconstruction. She anticipates that the program will yield practical solutions, valuable connections, and expertise, fostering tangible progress in Ukraine. Mennala believes that diverse skills, an entrepreneurial mindset, and cross-border collaboration are essential for developing innovative solutions.
Mikko-Pekka Hanski, another advisor to the program, highlighted the importance of empowering and encouraging young people to dream, asserting that startups serve as beacons of hope. The initiative thus not only supports innovation but also plays a role in inspiring positive change for a brighter future in Ukraine.