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UVCA Publishes Overview of Ukrainian Investment Market

UVCA Publishes Overview of Ukrainian Investment Market

The Ukrainian Venture Capital & Private Equity Association (UVCA) published the first overview of Ukrainian investment market displaying current players’ activity, sectors of interest, and portfolio. The Investors Book identified 34 active investors, which deal with global companies from Ukraine (mostly IT sector). According to the Book, there are 29 funds operating in Ukraine, consisting ... Read More
 
UNIT.City: first Ukrainian innovation park

UNIT.City: first Ukrainian innovation park

In recent years, Ukraine has been actively developing the innovation sphere, and Ukrainian start-ups and IT companies are known worldwide. According to IT companies, in 2016 the IT market amounted to $3 billion, which is 3.3% of Ukraine’s GDP in 2016. This area grows by 20,000 jobs annually. These growth rates can gradually match traditional ... Read More
 
Ukraine’s booming IT sector is good news despite the war

Ukraine’s booming IT sector is good news despite the war

A plain Soviet-era office block squats on a residential street in the beautiful historic city of Lviv, Ukraine. The lobby is dimly lit and there is no seating, only a stern guard who points to the elevator to access local software engineering firm N-iX. The doors part and the offices are an orange and white ... Read More
 
Ukraine Is Silently Leading A Digital Currency Revolution

Ukraine Is Silently Leading A Digital Currency Revolution

There’s a witticism sometimes used among Ukrainians: “may you be forced to survive only on your official salary.” The quip is both a tongue-in-cheek nod to the endemic corruption that is a daily, often necessary, reality of life in Ukraine and also emblematic of a certain self-effacing, survivalist mentality constituent to the national character. In ... Read More
 
Ukraine’s IT boom could speed up EU integration

Ukraine’s IT boom could speed up EU integration

Ukraine has a literacy rate of 99.7 percent, which is higher than most EU states June 2017 will mark the three-year anniversary of the association agreement between the European Union and Ukraine, and while the Eastern European state has taken major steps towards European integration, its progress has been slow. With the signing of the ... Read More
 
Twelve Ukrainian IT companies make list of top 100 outsourcing companies in the world

Twelve Ukrainian IT companies make list of top 100 outsourcing companies in the world

Twelve Ukrainian information technology companies have won places on the International Association of Outsourcing Professionals (IAOP) annual list of top tech firms, The Global Outsourcing 100. The 12 software developers listed are either subsidiaries of international tech companies that have research and development offices in Ukraine, or are purely local IT firms. The ranking includes ... Read More
 
Ukrainians build seamless 130-inch screens for gamers

Ukrainians build seamless 130-inch screens for gamers

Techie Anton Galyashinsky, 34, seems small when he stands among the three 130-inch screens he’s been developing for 18 months. He hopes these screens, which he’s hooked up to powerful computers, will be popular among avid gamers. Allocated to the premises of Kyiv Polytechnical University, the alma mater of thousands of tech people in Ukraine, Galyashinsky ... Read More
 
UVCA: aggregate estimate of Ukrainian product IT companies exceeds $2.5 bln

UVCA: aggregate estimate of Ukrainian product IT companies exceeds $2.5 bln

DAVOS. Jan 26 (Interfax-Ukraine) – The sector of Ukrainian product IT companies thanks to a rapid growth in recent years in terms of cost became comparable with the sector of outsourcing IT companies and has a significant potential of growth in the light of experience accumulated, the formation of an appropriate business environment and a ... Read More
 
Ukrainian IT industry employs 100,000 people

Ukrainian IT industry employs 100,000 people

The Ukrainian IT industry now employs 99,940 people — up from 89,300 last year — according to the latest report of DOU.UA, an authoritative industry resource. The figure includes programmers, QA specialists, project managers and other IT-related professionals. Almost half of these professionals live in Kyiv (Kiev). Others are inhabitants of such other major Ukrainian cities as Kharkiv (Kharkov), Lviv (Lvov), ... Read More
 
Ukrainian IT Industry: How to transform Ukraine’s brain drain into brain gain

Ukrainian IT Industry: How to transform Ukraine’s brain drain into brain gain

Returning IT entrepreneurs can help Ukraine to upgrade from breadbasket to brainbasket In February 1992 my former employer, Digital Equipment of Canada, moved me to Kyiv to develop its IT business from scratch. At the time, DEC was the No. 2 global IT company. Prior to my arrival, the transfer of sophisticated technology was prohibited ... Read More