Community area

Renovation and Economic Development


About Renovation and Economic Development (RED)  

RED provides equal opportunities to socially disadvantaged Ukrainian youth in creating their own business. They involve youth into economic processes at regional and country-level by creating favourable conditions for obtaining practical knowledge and skills as well as access to finance to implement business ideas.

In partnership with Youth Business International, RED launched in 2006 Youth Business Ukraine. The aim of YBU is to help vulnerable young people start their own business. Its vision is to become one of the most efficient tools to alleviate youth unemployment among socially isolated groups of the youth in Ukraine, to facilitate the creation of middle class in the country, democratization processes, and to promote corporate social responsibility. 

60% of young start-ups supported by YBU are rural youth, 50% are young women, over 70% of created businesses still continue their operations after three years. YBU's success consist in its unique environment. It teaches young people not only to setup their own businesses but it develops entrepreneurial initiative.

Contact details

h.3, O.Kobylyanska str.,

Other Members

View all

ICCO Uganda


Keren Shemesh

IsraelUnconditionally Accredited

Ground Zero


Those who make it possible

View all