The Vovk Foundation partners with Ukrainian Venture Capital and Private Equity Association (UVCA)

Aug 30, 2023 | News


August 30th, 2023The Vovk Foundation 501(c)3 is pleased to announce that it has partnered with the Ukrainian Venture Capital and Private Equity Association (UVCA) to collaborate on 1) supporting individual entrepreneurs, scientists/engineers, students, and investors, as needed and appropriate, through the business startup and maturation process, 2) facilitating introductions to the same to make said individuals aware of the Vovk Foundation and its sponsoring organizations, 3) conducting discussions and reviews around specific deal flow, specifically in the defense, and security sectors, 4) collaborating on conferences, workshops, and related activities, and 5) working towards the establishment of a physical presence in Ukraine for this partnership.

UVCA, a member of Invest Europe, was established to spread the word about Ukraine’s achievements and opportunities and to support investors in every aspect, from providing reliable information to establishing international connections at the industry and government levels. UVCA shapes the future direction of the private equity industry by promoting investment opportunities of Ukraine, representing interests of private equity investors to policymakers and improving the investment and business climate of Ukraine. 

“For me personally and for the Association as well,” says Dmytro Kuzmenko, UVCA CEO “this partnership means a new page in the promotion of the ecosystem of Ukrainian startups and new opportunities for fruitful cooperation with American investors and companies. As for Ukrainian tech entrepreneurs and startups, this is a great opportunity to open new markets, attract more investments, achieve new results and support our country in its fight for freedom and independence. I believe that this partnership will allow us to create a strong and sustainable basis for the further recovery and development of the Ukrainian economy by creating greater opportunities for joint investment and joint ventures with the most outstanding Ukrainian entrepreneurs.”

The Vovk Foundation was established in 2023 to offer assistance and support to Ukrainians and those of Ukrainian ancestry. The foundation focuses on advocacy in the following areas:

  • Education—Provide targeted financial support and scholarships
  • Entrepreneurship—Support the development of entrepreneurialism
  • Innovation—Promote defense and commercial innovation activities
  • The Rebuild—Help restore scientific, industrial, and educational infrastructure
  • Truth Seeking—Amplify the facts about Ukraine and Ukrainian nationalism

“We are very pleased to partner with UVCA and play an active role as it supports one of the critical focus areas for our foundation, namely, entrepreneurship and new technology development,” says Yurij Wowczuk, director of The Vovk Foundation. “Our missions are aligned and this commitment will help deliver strong and sustainable growth of the Ukrainian venture ecosystem.”

For immediate release
Contact Nikki Bowman Mills, [email protected] or call 304.413.0104