Business news from Ukraine

K.FUND, BLACKBOX CAPITAL TO OPEN TECHNOLOGY COMPANIES’ DEVELOPMENT CENTER IN KYIV

28 September , 2016  

KYIV. Sept 28 (Interfax-Ukraine) – Vasyl Khmelnytsky’s K.Fund and ΒlackBox Capital will set up a Technology Companies’ Development Center (TCDC) in Kyiv, which will support small- and medium-sized hi-tech projects, K.Fund said in a Tuesday press release.

“The project aims to provide priority support to product developing hi-tech companies; investment is estimated at UAH 100 million,” K.Fund said.

The TCDC will be located in a separate building with an area of about 3,500 square meters at 8 Simyi Khokhlovykh Street in Kyiv. Construction is under way at the site now, it is to be completed in December 2016.

“The TCDC will be operated by a managing company, an advisory board, the Juscutum law firm, inter-corporate IT university BIONIC University, two high-tech laboratories: VR Lab (Crytek) and Smart City lab,” the press service said.

Kyiv-Mohyla Business School (kmbs) will be the center’s special educational partner, which has already developed a training program “Be Tech. Client Focus Strategy.” To become a TCDC resident, please fill in a form and take kmbs’ respective training course. K.Fund will refund 70% of the tuition fees.

K.Fund was founded by Ukrainian entrepreneur Vasyl Khmelnytsky in 2015 to support education and economics projects.

BlackBox Capital, founded by Yevhen Sarantsov, has been creating new business models in the segment of IT and digital commercial communications with Ukrainian companies since 2014.