The fund’s task is to help young people achieve success in Ukraine

Ukrainian businessman Vasyl Khmelnytsky has set up a private fund – K.Fund (‘K.’ stands for ‘the key’) – in order to merge his initiatives in the spheres of economy and education. The new organization’s goal is to support the sustainable development of an individual in the process of education, information exchange, search for and implementation of new ideas.

“Human capital is Ukraine’s main asset and potential. The country needs people with new knowledge and skills that are able to implement modern projects. Favorable conditions for education and development will facilitate the formation of a groundbreaking economy. We have to learn, in the broad sense of the word, the best things the world can offer us and implement them all in Ukraine,” Khmelnytsky said

The businessman also stressed that the world changes very fast and the classical system of education lags behind these changes. Therefore, K.Fund is oriented towards the model of sustainable education as today people have to learn all the time throughout their lives. As regards the economy, K.Fund will assist in implementing projects aimed at forming the so-called knowledge-driven economy in Ukraine – the introduction of new technologies, investment, and the creation of well-paid jobs.

“I want more young professionals to be given a chance to succeed in their home country and have prospects here, not abroad. I will support projects in the spheres of education and economy that could facilitate the development of favorable conditions and added value of the country and its people. This initiative is public, and not political. Our task is to give young people the keys to open new horizons and find a way to their dreams,” Khmelnytsky said

Today the businessman supports projects of Kyiv International Economic Forum (KIEF); the Osvitoria public association – a secondary school, Novopecherska School, in Kyiv, the iLearn online platform for students of boarding schools and children from needy families; a master’s level program in public administration at the National University of “Kyiv-Mohyla Academy”; and Ukraine’s first intercorporate IT university BIONIC University, etc.
Khmelnytsky’s Library project will be launched in the next few months to publish modern literature in Ukrainian on three main topics – education, economy, and entrepreneurship.


Vasyl Khmelnytsky is a Ukrainian businessman, Vice-President of the Ukrainian League of Industrialists and Entrepreneurs. He invests in the development of various businesses in Ukraine with focus on cooperation and co-management. Almost every project has own configuration of shareholders and management.
Today the entrepreneur’s core activity is real estate development business. He is a majority shareholder in UDP company, which implements large-scale infrastructure projects, including Kyiv International Airport, Ocean Plaza shopping mall, residential complexes Novopecherski Lypki, Boulevard of Fountains, RiverStone, and Parkove Misto. Khmelnytsky also invests in BIOFARMA (pharmaceuticals production), Star Media (production of films and TV programs), RTM (national advertising operator). The entrepreneur’s plans include the creation of hi-tech industrial facilities, the development of innovation parks, and attraction of foreign investment and technologies in Ukraine.