What is SFII?

State Finance Institution for Innovations established to provide financial support to business entities of various types of ownership, to attract foreign and domestic investments for development of the real economy, to increase capacity of domestic export output, produced by companies of national industries, to protect and promote the domestic commodity producers.

Our mission is to create an innovative and wealthy Ukraine through allocation of financial instruments and full administrative support, using co-investment and assets management as well as comprehensive range of project management with service for every stakeholder.


The Ministry for Development of Economy, Trade and Agriculture of Ukraine had appointed Mr. Serhii Shkurakov as Acting Head of the Board of State Finance Institution for Innovations.
“First of all, it is necessary to make an audit and provide an optimization of institution’s activity. We have to upgrade the strategy of support for entities of innovative activity and investment promotion strategy for real economy of Ukraine ”, - pointed out Mr. Serhii Shkurakov.
A public competition to fill the respective position (of Head of the Board) will follow soon.

Note :
Mr. Serhii Shkurakov was a Deputy Director of the Department of Intellectual Property responsible for creating of framework and implementation of Inventors’ Support Fund of the Ministry for Development of Economy, Trade and Agriculture of Ukraine. He has a degree in economics and law, Master of Public Administration.

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