Hosted by:
BOOST x Ukraine

Green Innovation Challenge

Submission deadline:
June 9 (CLOSED)

Green Economy for Ternopil

Join the Q&A session on May 9, 12:00 via the link: (Language: Ukrainian)

Amidst the effects of the full-scale war and constant economic turbulence, Ternopil City in Ukraine stands resilient, a testament to the indomitable spirit of its people. The full-scale war inflicted upon Ukraine by Russia has cast a shadow over the city’s economy, diminishing its allure for investors and threatening its economic stability. Like many cities across Ukraine, Ternopil has become a sanctuary, offering refuge to tens of thousands of internally displaced persons seeking solace amidst the chaos of war. 

Yet, with each new challenge comes an opportunity for reinvention and renewal.  Refusing to succumb to despair, Ternopil is embracing a new vision for the future – one rooted in sustainability, resilience, and prosperity. The city is embarking on a transformative journey towards a Green Economy, charting a course that promises not only economic growth but also environmental stewardship and social equity. 

But what exactly is a Green Economy? It’s a holistic approach to economic development that aims to improve human well-being and social equity while significantly reducing environmental risks and ecological scarcities. For Ternopil, transitioning to a Green Economy means embracing sustainable, circular, and nature-based business practices that foster innovation, create jobs, and enhance the quality of life for all residents. 

By harnessing the power of renewable energy, promoting eco-friendly transportation options, implementing green building practices, and investing in sustainable agriculture and tourism, Ternopil can unlock a wealth of opportunities for economic growth and environmental conservation. From reducing carbon emissions to preserving natural resources and promoting social inclusion, the benefits of a Green Economy are manifold. 

To assist Ternopil, UNDP Ukraine is launching the Green Innovation Challenge — an acceleration programme that welcomes entrepreneurs, innovators, and visionaries to join us in shaping the city’s future. 

The Green Innovation Challenge is open to micro-, small- and medium-sized enterprises (MSMEs) with groundbreaking solutions that align with the principles of the Green Economy. Whether it’s pioneering green technologies, sustainable business models, or nature-based solutions, your ideas have the power to shape the future of Ternopil and beyond. 

The acceleration programme will handpick up to 5 MSMEs that demonstrate significant business potential for making the shift toward Ternopil’s development strategy. For this, UNDP Ukraine teamed up with BOOST — a regional acceleration programme for social impact innovators in Europe and Central Asia. Together we will provide impactful learning for the selected participants. 

As part of the Green Innovation Challenge, the MSMEs will receive awards of up to USD10,000. Subject to the availability of funds, participants may also have the chance to pitch for additional financing after completing the programme. 

Join us as we pave the way toward a greener, more sustainable future for Ternopil City. Together, let’s turn challenges into opportunities and dreams into reality.   

Apply now and be a catalyst for change in the journey towards a Green Economy! 

The Green Innovation Challenge is being carried out under the Mayers for Economic Growth initiative, financed by the EU and implemented by UNDP.

🇺🇦 Читайте українську версію

What we're looking for

This track targets micro-small-to-medium-sized enterprises (MSMEs) in Ternopil with innovations that promote sustainable, circular, and nature-based business practices. Solutions that clearly align with Ternopil’s efforts to become a green and comfortable city will be prioritised.

Eligibility Criteria

  • Type: MSMEs with a minimum of 1 year of business operations.
  • Location registration: Registered and/or conducting economic activities in the Ternopil city territorial community.
  • Language: Ukrainian 

Selection Criteria*

  • Innovation: Innovations that use cutting-edge technologies or innovative digital tools, or introduce new ideas, approaches, products, or services to a target group or a market. 
  • Feasibility: Innovations that are feasible, i.e. they can be tested and/or implemented between July-October 2024 with the suggested budget.     
  • Scalability: Innovations that have the potential to be scaled up or replicated within or even beyond their respective geographical area of operations.  
  • Potential impact: Innovations that contribute to the city’s respective portfolio and demonstrate high potential for impact. 
  • Management: MSMEs with an adequate team in place, with clear roles and responsibilities, and the capacity to develop and implement their innovation.

*Each criterion carries a weight of 20%. 


1 May 2024
Launch of the call
9 June 2024
Application deadline extended
21 June 2024
MSMEs selected
June 2024
Onboarding & Pitch day
June-August 2024
BOOST talks & Mentorship
July-August 2024
Acceleration of the innovations
July 2024
Provision of financial awards to selected MSMEs
August 2024
Demo day
August 2024
Selection of MSMEs for top-up funding
September-October 2024
Further acceleration of innovations & award reporting

Who can apply

Type of applicant:
Micro, small, and medium-sized enterprises




The BOOST Green Innovation Challenge offers MSMEs the opportunity to further develop and implement their business innovations related to the green transformation in Ternopil, Ukraine.  Through a combination of individual mentorship and BOOST talks with local and international industry experts, financial awards, and networking opportunities, you will develop impact management capabilities and improve your business and pitching skills. Upon graduation, top performers will be featured on the BOOST website, and you will all have the chance to join the BOOST Alumni network where you will have access to additional resources and support, including business networks, funding opportunities, mentorship, etc. 


To ensure the best outcome of the learning journey, you will be matched with national and international mentors with whom you will have routine meetings to discuss and evaluate your organization’s progress. These mentors will also match you with relevant individuals, organizations and investors in their respective networks as well as facilitate peer-to-peer learning by connecting MSMEs working in similar fields and/or using similar technologies or business models.
Sprint 1: SDG Impact Management 

Sprint 1 focuses on equipping you with a better understanding of the concept and principles of impact and how impact interlinks with sustainability and scalability. You will learn how to develop SDG-aligned impact visions and theories of change, with indicators for proper impact monitoring and management. 

Sprint 2: Business Model Acceleration

Sprint 2 focuses on developing your business, organizational, and management skills and capabilities. You will be introduced to and coached to apply suitable approaches and concepts to build enduring business models to further develop and scale their green solutions. In addition, your team will learn how to put together and deliver a pitch deck in line with best practices and storytelling approaches.