Business news from Ukraine


29 January , 2019  

The UNIT.City innovation park (Kyiv) and Western NIS Enterprise Fund (WNISEF) have presented the detailed overview of the key elements of Ukrainian IT industry, according to which a total of 184,700 designers worked in 4,000 IT companies in Ukraine in 2018. According to the data of the App Annie research company, every fifth global company working in the field of software development for mobile platforms has an office in Ukraine, according to the overview.
According to the study of The State of European Tech 2018, Ukraine has almost 184,700 IT designers. According to the report, last year Ukrainian startups managed to attract more than $290 million of investments.
“Over the past five years, the growth pace of the Ukrainian IT industry is calculated in double digits. Every fifth Fortune 500 company uses Ukrainian IT services. Therefore, today is the best time to open or expand own innovative business here. This guide will help international partners know this to be true,” UNIT.City CEO and Managing Partner Max Yakover said.
According to the overview, the IT industry is second in Ukraine in terms of exports in 2018, while in the world Ukraine ranks 24th among the most attractive countries for software development, and in accordance with the Global Innovation Index Ukraine ranked 54th out of 126 states.
“It is necessary that international partners have as much information as possible and have access to breakthrough local startups and entrepreneurs. The technology sector is of strategic importance for the Ukrainian economy and can change how Ukraine is perceived in the world during the digital transformation,” WNISEF President and CEO Jaroslawa Z. Johnson said.
The review also indicates that there are more than 110 research and development and design centers of companies located in Ukraine. The largest R & D partner of Ukraine is the United States (45% of companies), followed by the EU and Israel. The areas of expertise of Ukrainian R & D centers cover games, e-commerce, work with BigData and artificial intelligence, telecommunications, the Internet of Things, software development and other areas.
More than half of the R & D centers are located in Kyiv, and the major research centers are also Dnipro, Lviv, Kharkiv, Odesa and Vinnytsia.
As reported, the UNIT.City innovation park of businessman Vasyl Khmelnytsky officially opened in April 2017 on the territory of the former Kyiv Motorcycle Plant. On its territory there are co-working space Chasopys-UNIT, UNIT Factory IT school, three laboratories, a business campus, a foundation and five accelerators.

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