Urban Space 500 in Kyiv
We are glad to announce that the first facility under the social franchise of the Urban Space 100 public restaurant will open in Kyiv in the nearest future.
The promotional campaign of Urban Space 500 to be co-owned by 500 social investors, who will irrevocably invest USD 1,000 in the project, will be launched on the 15th of March.
Urban Space 500 will be opened in Kyiv as early as in the year 2018. The facility will operate as a social business. As in Urban Space 100, 80 % of its profit will be directed to funding social projects for the development of Kyiv.
Urban Space 500 is the second facility of such a kind in Ukraine. It will become the first space opened by the prototype and under the social franchise of the successful Urban Space 100 in Ivano-Frankivsk.
The sustainable operation of Urban Space 500 will be guaranteed by a management model combining the social component of the project from Insha Osvita NGO in cooperation with Teple Misto platform and the restaurant management from Druzi.
Urban Space 100 was opened on 27 December 2014. Over the past two years of operation, the restaurant have supported 38 projects with the total amount of UAH 594,820.00 and held nearly 500 events. Urban Space 100 has received more than 200 requests from other cities to replicate this model.