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5.3 FDI
A New York-based firm FF Venture Capital has recently launched a $30
million fund to invest exclusively in Ukrainian companies. The Blue &
Yellow Heritage fund will invest in 15-20 early-stage startups that were
founded by Ukrainians or employ Ukrainian refugees. The firm emphasized
that it is a for-profit fund, and that it sees an opportunity to help talented teams
grow and capitalize on its investment.
Ukraine received 370 investment requests. In the two months since the Advantage Ukraine investment platform launch, Ukraine received more than 370 requests, as announced by the Ministry of Economy. More than 100 requests were received from strategic and portfolio investors from the US, Great Britain, Germany, Denmark, Belgium, the Republic of Korea, and other countries. Investors are primarily interested in innovation and technology, agro-industrial complexes, mining, infrastructure, industrial production, and logistics. Projects in the energy and defense industry are also of great interest. Deputy Minister of Economy Oleksandr Hryban noted that the ministry is actively working with international partners on the mechanism of military risk insurance and attracting debt financing from Micro Finance Institutions (MFI) to implement investment projects.
The investment giant BlackRock will advise Ukraine on attracting investment for reconstruction. BlackRock’s plan envisages that the company will advise the ministry on the development of a special investment platform to attract private capital to restore Ukraine’s infrastructure and support the economy, the ministry said. The platform will focus on mobilizing investment in crucial sectors of the Ukrainian economy, considering the need for reconstruction following the full-scale Russian invasion. The consultation will cover both the roadmap for its creation and questions about the platform's structure, mandate, and governance. The signed memorandum of understanding officially cements the respective preliminary agreements between the President of Ukraine, Volodymyr Zelenskyy, and BlackRock CEO Larry Fink.
35 UKRAINE Country Report December 2022 www.intellinews.com