SFII - State Finance Institution for Innovations

What SFII - State Finance Institution for Innovations does

SFII — the State Finance Institution for Innovations (ДІФКУ, Державна інноваційна фінансово-кредитна установа) — is a Ukrainian state institution established under the Law of Ukraine 'On Innovation Activity' and supervised by the Ministry of Strategic Industries of Ukraine. Founded in 1993 (tracing to the Rivne branch of the State Innovation Fund of Ukraine), the institution operates from its Kyiv headquarters at Bohdan Khmelnytsky Street 65B and a Western Regional Representative Office in Rivne, with a staff of 11-50. Its mandate is to provide state financial support for innovation activity and attract domestic and foreign investment into the real sector of Ukraine's economy.

The institution's core offering is financial instruments for innovation projects — interest-free loans on a revolving basis of up to 36 months with a maximum of UAH 25.0 million per project — complemented by asset management, project management, joint investment through equity participation, and full administrative support services. SFII does not develop proprietary technology; rather, it operates a project bank containing more than 270 innovation and investment projects available for investor consideration, runs competitive selections (4th competition referenced), organizes three-way meetings between developers and investors, and provides consultation on grant programs. It is also a member of the EEN-Ukraine consortium (Enterprise Europe Network), giving Ukrainian businesses access to a 600+ organization network across 60+ countries.

SFII's customer base spans Ukrainian startups, SMEs, and project developers across recycling, chemicals, telecommunications, mining/metallurgy, food/packaging, and defense-related sectors. Distribution is direct via institutional service delivery (Kyiv HQ and Rivne regional office) and via the EEN platform. The institution's commercial model is not revenue-generating in the conventional sense — it disburses state capital via interest-free instruments and is funded through state budget mechanisms; detailed financial statements are not publicly disclosed. Revenue figures for 2026 are noted as undisclosed, and SFII operates as a policy vehicle for innovation finance rather than a commercial enterprise.

Name

SFII - State Finance Institution for Innovations

Legal name

Державна інноваційна фінансово-кредитна установа

Website

https://sfii.gov.ua

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

SFII (State Finance Institution for Innovations / ДІФКУ) is a Ukrainian state institution under the Ministry of Strategic Industries that provides interest-free loans up to UAH 25 million, project management, and investor matching to Ukrainian startups, SMEs, and innovators, while connecting them to international partners via the Enterprise Europe Network.

Ownership category

akta.pro rank

Product category

Development Finance / Innovation Financing

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (52394), Miscellaneous Intermediation (52391), Miscellaneous Financial Investment Activities (523999)

SIC

Short-Term Business Credit Institutions (6153), Investment Advice (6282), International Affairs (9721)

akta.pro primary industry

Technical Assistance, Policy Lending & Capacity Building Programs (BPADACAN)

akta.pro secondary industries

Infrastructure & Project Finance Facilities (BPADACAG), Infrastructure & Project Finance Advisory (BPAHADAO), Institutional Capacity Building & Training (Workforce/Systems Strengthening) (BPADAEAC)

Keywords

• Innovation financing
• State development finance
• Project loan program
• Investor matching services
• Grant advisory

Headquarters

HQ city

Kyiv

HQ country

Ukraine

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Interest-free loans for innovation projects: SFII provides interest-free loans on a revolving basis to selected innovation and investment projects. Loans are extended for up to 36 months with a maximum financing amount of up to UAH 25.0 million per project. The institution also provides joint investment, full administrative support, and a full range of project management services for qualifying projects.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

SFII (Державна інноваційна фінансово-кредитна установа / State Finance Institution for Innovations) is a Ukrainian state institution providing financial and advisory support for innovation and investment projects. It extends interest-free revolving loans up to UAH 25 million per project for terms up to 36 months, conducts competitive selections of innovation projects, offers joint investment through equity participation, and runs an investment projects database (project bank) with 270+ projects available for investor consideration. The institution also provides consulting, grant advisory, and access to the Enterprise Europe Network for international partnerships.

Product overview

SFII (State Finance Institution for Innovations / ДІФКУ) is a Ukrainian state institution providing financial support for innovation and investment projects. The organization offers a comprehensive suite of financial instruments including interest-free loans (up to UAH 25 million per project, revolving basis up to 36 months), asset management, project management, joint investment through equity participation, and administrative support. Services include investor matching, project presentation at events, competitive project selection with financial awards, and grant program consulting. The institution maintains an investment projects database, supports startups, administers the Invention Support Fund, and connects Ukrainian businesses with international programs including those through Enterprise Europe Network Ukraine.

Differentiator

Problem solved

Functional benefit

Products and services

• Interest-Free Innovation Project Loans

Quantifiable outcome

• More than 270 projects in the project bank available for investor consideration
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered strategic, core, major, regional and minor.

• Stellar GuardstrategicStrategic or Co-development Partner · 14 May 2026SFII held a working meeting with Stellar Guard, an international innovation and technology company represented by Ian Stalberg. Discussions focused on cooperation in high-tech satellite solutions, innovative technologies, and attracting investment for joint projects with an approximate potential volume of EUR 320 million. A memorandum of cooperation is being prepared.
• Rivne Chamber of Commerce and IndustrycoreStrategic or Co-development Partner · 24 April 2026SFII and the Rivne Chamber of Commerce and Industry signed a memorandum of cooperation serving as the foundation for joint initiatives in innovation and investment. The partnership supports economic resilience in Rivne region and facilitates joint business development activities. The chamber celebrated its 30th anniversary with SFII participation.
• Verkhovna Rada of Ukraine (Parliament)coreStrategic or Co-development Partner · 11 February 2026The Parliament of Ukraine adopted Law No. 13715 'On Support and Development of Innovation Activity,' which establishes a national innovation ecosystem with SFII as an integral part. The law creates mechanisms for innovation grants, vouchers, technology parks, business incubators, and centers for technology transfer.
• Taras Shevchenko National University of Kyiv (KNU)majorStrategic or Co-development Partner · 9 November 2021SFII and KNU signed a memorandum of cooperation focused on developing scientific parks and innovation infrastructure. The partnership aims to connect KNU's scientific potential with enterprises in strategic industries and the defense-industrial complex. The university is Ukraine's largest by student count and ranked 1st among higher education institutions.
• National University Lviv PolytechnicmajorStrategic or Co-development Partner · 4 November 2021SFII and Lviv Polytechnic signed a memorandum of cooperation to develop scientific potential and intellectual capacity at the university level. Lviv Polytechnic is Ukraine's oldest technical university (founded 1816) and ranks among the top 5 national higher education institutions.
• State University of Infrastructure and Technologies (DUIT)majorStrategic or Co-development Partner · 3 November 2021SFII and DUIT signed a memorandum covering cooperation and development of scientific potential, participation in innovation and investment projects in infrastructure and technology sectors. The partnership includes exploring the creation of a scientific park at DUIT.
• National Aviation University (NAU)majorStrategic or Co-development Partner · 28 October 2021SFII and NAU signed a memorandum focused on innovation development in the aviation sector, supporting research activities, creating conditions for innovation infrastructure development, and implementing innovation projects and programs in Ukraine.
• National University Kyiv-Mohyla Academy (NaUKMA)majorStrategic or Co-development Partner · 14 September 2021SFII and NaUKMA signed a memorandum of cooperation to develop the Kyiv-Mohyla scientific park as a driver of Ukrainian innovation. NaUKMA is one of Ukraine's most prestigious universities, ranked 2nd in the consolidated HEI ranking and 7th in TOP-200.
• National Technical University of Ukraine Igor Sikorsky Kyiv Polytechnic Institute (KPI)majorStrategic or Co-development Partner · 23 July 2021SFII and KPI signed a memorandum supporting the development of the All-Ukrainian Innovation Ecosystem 'SikorskyChallenge Ukraine.' SFII participates as a co-organizer of the annual SikorskyChallenge innovation festival, reviewing and evaluating startup projects.
• Kalyon Construction (Kalyonİnşaat Sanayi ve Ticaret A.Ş.)strategicStrategic or Co-development Partner · 13 July 2021SFII met with Turkish construction company Kalyon to discuss cooperation in strategic infrastructure projects. Founded in 1974, Kalyon operates in Qatar, Albania, Saudi Arabia, and Iraq, and is expanding its investment portfolio through international partnerships.
• TAV Construction / SeraGroupConstructionstrategicStrategic or Co-development Partner · 7 July 2021SFII hosted a working meeting with Turkish construction company TAV (SeraGroupConstruction), exploring potential cooperation in innovation investment projects and strategic infrastructure development in Ukraine.
• Odessa Regional Development AgencyregionalStrategic or Co-development Partner · 21 May 2021SFII and the Odessa Regional Development Agency signed a memorandum of understanding covering cooperation in regional project development and investment resource mobilization. The agency operates as a non-profit non-budget institution partnering with government, private, and civil society sectors.
• Łukasiewicz Research Network (Poland)strategicStrategic or Co-development Partner · 12 March 2021SFII and the Łukasiewicz Research Network (EMAG Innovation Technologies Institute) signed a letter of intent for international cooperation. The partnership focuses on Ukrainian innovations reaching Polish and EU markets, with potential for joint ventures in Ukraine and Poland.
• BrokFakerminorGTM or Marketing Partner · 20 January 2021SFII signed a cooperation agreement with the BrokFaker online service for information support. The platform helps businesses find an unlimited number of investors through its online services.
• Enterprise Europe Network (EEN Ukraine)coreGTM or Marketing Partner · 1 January 2017SFII is a member of the EEN-Ukraine consortium, the Ukrainian branch of the world's largest SME support network connecting over 600 organizations across more than 60 countries. The network facilitates international partnerships, investment attraction, and market access for Ukrainian businesses. SFII participates in EEN activities including B2B matchmaking events, business forums, and international project collaborations.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Bpifrance: French public investment bank providing financing, guarantees, and equity to innovative SMEs and startups. Closely comparable to SFII in offering a comprehensive suite of innovation financing instruments combined with advisory and matchmaking services to project developers.
• European Investment Fund (EIF): EU institution specializing in SME and innovation finance through guarantees, securitization, and fund-of-funds investments. Comparable to SFII's intermediation function, particularly through EEN-aligned programs and cross-border innovation financing.
• British Business Bank: UK government-backed economic development bank providing finance to SMEs and innovation-driven businesses. Comparable to SFII as a state-owned institution delivering loan and investment programs targeting innovation, with a similar mandate to bridge funding gaps for SMEs.
• Innovate UK: UK innovation agency funding business-led R&D and innovation. Comparable to SFII in running competitive funding rounds, providing grants/loans to innovation projects, and connecting awardees with international partners and investors.
• Israel Innovation Authority: Israeli government agency funding innovation and R&D across sectors including defense and dual-use technologies. Comparable to SFII in being a state innovation funding body with programs that combine grants/loans, competitive selection, and international partnership support.

Others

• Łukasiewicz Research Network: Polish state research network already partnered with SFII for cross-border innovation transfer to EU markets. Functionally comparable as a state-supported innovation intermediary focused on commercialization of R&D outputs from public research institutes.

Broad incumbents

• EBRD Small Business Initiative: International financial institution program supporting SME and innovation finance across Ukraine and other transition economies. Comparable to SFII through parallel activity in Ukraine, with potential for co-financing the same borrower base.
• KfW: German state development bank with a much broader mandate covering domestic and international development financing. Comparable to SFII at the high level as a state-owned financing institution, but significantly larger and more diversified.

Regional players

• Bank Gospodarstwa Krajowego (BGK): Polish state development bank supporting entrepreneurship and infrastructure, with innovation and SME programs. Comparable to SFII as a Central/Eastern European state development finance institution operating in a neighboring EU economy.
• Czech-Moravian Guarantee and Development Bank (ČMZRB): Czech state-owned development bank providing guarantees, loans, and financing for SMEs and innovation. Comparable to SFII as a smaller Central European state development bank with a similar mix of credit instruments and advisory support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/share/16pf6C4SCf/?mibextid=wwXIfr
• LinkedInlinkedin.com/company/sfii-state-finance-institution-for-innovations

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SFII - State Finance Institution for Innovations