Business news from Ukraine

Business news from Ukraine

Ukrainian MedTech startup CheckEye receives $175,000 at international competition in the US

Ukrainian medical startup CheckEye, which is developing an artificial intelligence system for the early detection of chronic diseases using retinal images, has received a $175,000 award at the international Healthy Longevity Global Competition organized by the US National Academy of Medicine (NAM). The company took second place in the final stage of the competition, NAM reported.

The award ceremony took place in Washington during the international NAM Global Innovator Summit. The Ukrainian team was represented by CheckEye co-founder Viktoriia Chuchyna, who was identified by the organizers as the leader of the competition project.

The Ukrainian company’s development, called AI-Powered Retinal Screening for Early Detection of Chronic Diseases, involves using artificial intelligence to analyze retinal images and identify signs of chronic diseases.

The technology allows examinations to be conducted without complex invasive procedures. According to the company, capturing an image of the fundus takes about three minutes, after which the image is analyzed by a cloud-based platform using artificial intelligence algorithms.

The examination can be conducted in primary healthcare facilities, pharmacies and specialized screening centers without the direct involvement of an ophthalmologist at the image acquisition stage.

Currently, the platform is primarily focused on detecting diabetic retinopathy and signs of vascular diseases, including arterial hypertension. In the future, the developers intend to expand the technology’s capabilities to assess the risks of more than 50 diseases.

According to the project description submitted to the competition organizers, CheckEye has already screened more than 15,000 people in five countries: Ukraine, Germany, Austria, Romania and the United Kingdom.

The company reports that its algorithms achieve a sensitivity of 93–95% in detecting diabetic retinopathy and a specificity of approximately 90%. These figures are presented in the competition documentation and represent the development results claimed by the team.

As part of a pilot program of Ukraine’s Ministry of Health, implemented from October 2024 to March 2025 in Odesa and Chernihiv regions, more than 870 patients with diabetes underwent screening. According to the project, approximately one-quarter of the participants were referred for treatment.

The company plans to use the $175,000 received from the competition to scale up the technology and further develop methods for the early diagnosis of chronic diseases.

“It is a great honor for us to represent and promote Ukrainian innovations around the world. This recognition at the global level confirms that our technology has the potential to change the approach to treating chronic diseases — from dealing with their consequences to early prevention,” CheckEye founder and CEO Kyrylo Honcharuk said in a company statement.

According to NAM, 147 applications from participants who had previously received support from the program were considered in the final stage of the Healthy Longevity Global Competition. Fourteen projects became winners in various categories, sharing $2 million in awards.

Two projects received the top prizes of $700,000 each, while two others, including Ukraine’s CheckEye, took second place and received $175,000 each. The third prize amounted to $125,000, and nine other projects received honorable mention awards.

In total, over the seven years of the international program, launched by NAM in 2019, its organizers and partners have supported more than 725 projects with over $38 million in funding. The program covered more than 50 countries and territories.

For CheckEye, the award marked another stage of international recognition. The Ukrainian startup previously received support from EIT Health, the European Bank for Reconstruction and Development and Google for Startups, and also won the EIT Health InnoStars Awards 2024.

According to NAM, the total amount of support attracted by CheckEye before receiving the latest award exceeded $750,000.

CheckEye is a Ukrainian HealthTech company specializing in the development of medical screening technologies using artificial intelligence. Its platform is designed for the early detection of diseases based on retinal image analysis and for expanding access to preventive examinations. The company’s founder and CEO is Kyrylo Honcharuk.

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Forbes Named 50 Women Innovators Over 50: U.S. Dominates, Serbia Among the Leaders by Participants’ Origins

Forbes has published its 50 Over 50: Innovation 2026 list, which includes 50 women over the age of 50 who continue to exert a significant influence on science, medicine, artificial intelligence, robotics, biotechnology, space research, industry and the technology business. The ranking was published on August 11, 2026, and is part of the broader Forbes 50 Over 50 project, which includes a total of 200 women in four categories — Innovation, Impact, Investment and Lifestyle.

An important clarification is that Forbes does not assign all 50 participants positions from No. 1 to No. 50. On the main Innovation page, the names are listed alphabetically. The de facto exception was Ritu Narayan, founder of the transportation startup Zum, whom both the company and the entrepreneur herself describe as the “No. 1 honoree” in the Innovation category and the face of the issue’s cover. However, Forbes did not publish a complete numerical ranking of the remaining 49 positions.

Narayan, who grew up in India and built her career in Silicon Valley, created Zum, a technology platform modernizing the U.S. school bus system using artificial intelligence, GPS and electric vehicles. Forbes values the startup at approximately $1.7 billion, with 2025 revenue of $333 million.

The 50 honorees also include Stanford professor Zhenan Bao, who works on electronic skin and wearable electronics; 2025 Nobel Prize laureate Mary Brunkow; NASA science program leader Nicola Fox; MIT School of Engineering dean Paula Hammond; MIT professor and developer of wireless medical technologies Dina Katabi; Takeda head Julie Kim; astrophysicist and dean of MIT’s School of Science Nergis Mavalvala; former Yahoo chief and Dazzle AI founder Marissa Mayer; HubSpot chief Yamini Rangan; Cummins leader Jennifer Rumsey, and many others.

An analysis by Experts.News reveals an interesting geography of the list. Forbes itself does not publish separate statistics by nationality, so it is more accurate to speak about the countries of birth and origins of the participants. By this measure, the United States clearly dominates: most of the women in the Innovation-50 were born and built their careers specifically within the American scientific and entrepreneurial environment.

Among the participants born outside the United States, several countries stand out. Serbia is represented by two natives — Vunjak-Novakovic and Matarić. India — Ritu Narayan and Yamini Rangan. China — Zhenan Bao and Michelle Zhou. Morocco — Bahija Jallal and Wafaa Mamilli. Serbia therefore belongs to a small group of countries that produced two participants in the Innovation-50. Zhou’s Chinese origin is confirmed by the Association for Computing Machinery, while Mamilli herself lists Casablanca as her city of birth; Roche lists her citizenships as French, Moroccan and U.S.

Among other countries, Pakistan, Syria, South Korea, Thailand, France, the United Kingdom and Israel each have one participant on the list. For example, Nergis Mavalvala was born in Lahore, Pakistan; Dina Katabi in Damascus; Julie Kim in Seoul; Thai Lee in Thailand; Aude Oliva in France; Nicola Fox in Hitchin, England; and Daphne Zohar in Israel.

At the same time, the list’s main geographical conclusion concerns not so much passports as the concentration of talent within the American innovation ecosystem. Even most of the women born in Serbia, India, China, Pakistan, Syria, South Korea or France now work at American universities and companies — MIT, Stanford, Columbia, USC, Berkeley, HubSpot, Cummins and other organizations. Four participants on the list are associated with MIT alone — Paula Hammond, Dina Katabi, Nergis Mavalvala and Aude Oliva.

For a Ukrainian audience, it is notable that there are no Ukraine-born women in the Forbes 50 Over 50: Innovation 2026 category. However, the structure of the list itself demonstrates a model that is also relevant to Ukraine: a significant share of the most successful scientists and technology entrepreneurs are migrants or people originating from other countries who developed and implemented their innovations after integrating into major international universities, research centers and venture ecosystems. In this respect, the example of the two women born in Belgrade is particularly illustrative for Eastern European countries.

The full Innovation-50 includes Maya Ajmera, Lauren Antonoff, Katrina Armstrong, Zhenan Bao, Wendy Barnes, Charlie Blackwell-Thompson, Karen Blanks Ellis, Marsha Anderson Bomar, Christine Brown, Mary Brunkow, Jennifer Tour Chayes, Karen S. Carter, Margaret Dawson, Cindy Eckert, Karen Eng, Katie Farmer, Nicola Fox, Paula T. Hammond, Lisa Harris, Lisa Gelobter, Jacqueline Hinman, Colette D. Honorable, Janice Bryant Howroyd, Bahija Jallal, Sabrina Martucci Johnson, Dina Katabi, Julie Kim, Debra Laskin, Tessa Lau, Thai Lee, Emily Liman, Wafaa Mamilli, Christina Maslach, Maja Matarić, Nergis Mavalvala, Marissa Mayer, Vivienne Ming, Aude Oliva, Ritu Narayan, Yamini Rangan, Shubhi Rao, Jennifer Rumsey, Heather Shoemaker, Ellen Stofan, Gordana Vunjak-Novakovic, Susie Wee, Beth Wozniak, Laura Yecies, Michelle Zhou and Daphne Zohar.

Thus, the 2026 Forbes list demonstrates two trends at once. The first is that an innovation career after the age of 50 increasingly continues for decades and can lead to major scientific and entrepreneurial achievements well beyond the traditional career peak. The second is that the United States remains the main center of attraction for such specialists, while simultaneously making use of the talents of scientists and entrepreneurs born in dozens of other countries.

Original source: Forbes — 2026 50 Over 50: Innovation

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China Tops Global Rankings for Number of Patent Applications; Ukraine Ranks 35th

According to Experts.news, in 2024 Ukraine ranked 35th in the world in terms of the number of patent applications filed, with 2,559 applications, while China remains the undisputed global leader with 1.828 million applications, according to an analysis of global patent activity prepared by Volodymyr Khaustov, scientific secretary of the State Institution “Institute of Economics and Forecasting of the National Academy of Sciences of Ukraine,” and published by the Experts Club Information and Analytical Center.

Ranking of Countries by Number of Patent Applications in 2024

  1. China — 1,828,054
  2. United States — 603,194
  3. Japan — 306,855
  4. South Korea — 246,245
  5. India — 105,157
  6. Germany — 59,262
  7. Canada — 35,374
  8. Australia — 30,487
  9. Russia — 26,698
  10. Brazil — 25,597
  11. United Kingdom — 18,952
  12. Mexico — 16,189
  13. Hong Kong — 15,940
  14. France — 14,129
  15. Singapore — 13,421
  16. Indonesia — 10,902
  17. Turkey — 10,351
  18. Italy — 10,308
  19. Vietnam — 9,904
  20. South Africa — 8,899
  21. Thailand — 8,727
  22. Iran — 8,657
  23. Israel — 8,262
  24. Saudi Arabia — 8,029
  25. North Korea — 6,936
  26. New Zealand — 5,962
  27. Philippines — 4,571
  28. Luxembourg — 3,833
  29. UAE — 3,598
  30. Argentina — 3,591
  31. Poland — 3,453
  32. Chile — 3,219
  33. Netherlands — 3,047
  34. Morocco — 2,899
  35. Ukraine — 2,559.

Source: World Intellectual Property Organization (WIPO), World Intellectual Property Indicators, Table A60 “Patent applications by office and origin, 2024”; calculations and systematization are presented in a study by Volodymyr Khaustov and the Experts Club analytical center.

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Kyiv presented innovations at MATELEC 2025 exhibition in Madrid

Kyiv enterprises, with the support of the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration, represented the capital of Ukraine at the MATELEC 2025 international exhibition of electrical engineering and electronics, which took place from November 18 to 20, 2025, in Madrid.

Ten Kyiv companies presented their developments at the “Made in Kyiv” stand:

  • Versia LLC
  • Elvatech LLC
  • NVF INIT LLC
  • Touch Systems Ukraine LLC
  • Ukrainian Technology Company PJSC
  • Promzvyazok PJSC
  • Inteltek Ukraine LLC (ITW Systems)
  • Spinor International LLC
  • NIK-Electronics LLC
  • NTZ Energozvyaz LLC

On November 18, the grand opening of the Made in Kyiv collective stand took place, bringing together leading companies from the capital and serving as a platform for demonstrating innovative solutions in the fields of electronics, energy, automation, and modern manufacturing.

The opening ceremony was attended by representatives of government and diplomatic institutions, including Oksana Skrypets, Minister-Counselor of the Embassy of Ukraine in Spain, Rada Ivanova, representative of the Madrid Chamber of Commerce, Volodymyr Kostikov, Director of the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration, and his deputy Anatoliy Bahan.

From the very first day of the exhibition, Kyiv-based companies began active negotiations with European partners, demonstrating the high technological level of their products and solutions. At the exhibition stand, companies presented their solutions and devices for measurement and control, software products for process management, telemetry and communication equipment, lighting and power supply systems.

Ukrainian-Spanish Business Forum: New Vectors of Partnership

On November 19, as part of Kyiv’s participation in MATELEC 2025, the Ukrainian-Spanish Business Forum was held, which became an important event for the development of bilateral economic cooperation. The forum brought together representatives of industry, energy, automation, and high technology from Ukraine and Spain, becoming an effective platform for B2B communications.

Among the participants and speakers at the forum were representatives of the Embassy of Ukraine in Spain, SERCOBE, the Ukrainian-Spanish Chamber of Commerce, Rotary Club Madrid, CEIM, and the Madrid Chamber of Commerce and Industry.

During the event, Deputy Director of the Department Anatoliy Bahan presented the catalog “Best Exporter of the Year 2025,” and a Memorandum of Cooperation was signed between the Department of Industry and Entrepreneurship Development of the Kyiv City State Administration and Rotary Club Madrid International Passport, opening up new opportunities for international cooperation.

As a result of the forum, more than 70 individual business meetings were held, and the prospects for joint projects, distribution, and production cooperation were discussed.

“This forum was not just an event for us, but an important signal that Kyiv enterprises remain competitive in the European market. The dynamics of the negotiations and the sincere interest of Spanish partners in our engineering solutions are impressive. We see a real demand from Spanish businesses for cooperation with Kyiv, and this is the best evidence of the effectiveness of our work,” said Department Director Volodymyr Kostikov.

Overall, Spanish and European companies highly appreciated the innovation, engineering culture, and product quality of Kyiv enterprises, and Kyiv’s participation in the MATELEC 2025 exhibition was a striking example of effective international presence, demonstrating the capital’s investment attractiveness and the consistent development of the export potential of Kyiv businesses.

“We are not only presenting our capabilities — we are building trust, forming partnerships, and opening the way to new markets for our enterprises. Participation in MATELEC 2025 confirms that Kyiv’s industry has powerful potential and is capable of competing at the European level,” summed up Volodymyr Kostikov.

Interfax-Ukraine is a media partner of the event.

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Schneider Electric has provided OKKO filling stations network with equipment for uninterrupted power supply in all conditions

Schneider Electric, a leader in digital transformation in the field of energy management and automation, and the OKKO filling station network have implemented a large-scale project for uninterrupted power supply and infrastructure reliability – 290 out of 410 filling stations of the network will be equipped with uninterruptible power supplies (UPS) with modern powerful batteries in 2022-2024, and in 2025 it is planned to equip another 50 filling stations of the network with the same UPS.

The equipment chosen by OKKO is designed to protect the power supply in the most unstable conditions. Schneider Electric lithium-ion UPS has a long service life without battery replacement (up to 12-15 years), long autonomy time with its compact dimensions and ease of maintenance.

“Even before the large-scale blackouts, OKKO started implementing a plan to modernize the corporate data network. We realized that we needed efficient equipment that would ensure the smooth operation of all vital filling station systems – cash registers, fuel dispensers, equipment providing Wi-Fi and other customer services. We started looking for the right powerful equipment, analyzing the world’s experience. The solution from Schneider Electric provided the result we needed. In fact, regardless of power outages at OKKO filling stations, customers will not face delays in payments or lack of Wi-Fi,” said Sergiy Lesko, CIO of OKKO.

“Schneider Electric has deep experience in technologies and practices that can improve energy efficiency and sustainability, understands and carefully studies the specific needs of each Ukrainian customer,” said Volodymyr Dokhlenko, Head of Secure Power at Schneider Electric in Ukraine, Czech Republic and Slovakia, ”As part of this project, our client received uninterrupted power supply to the filling station for up to 5 hours, as well as the preservation of critical data and round-the-clock monitoring of the UPS network.”

The UPS network monitoring system is provided by the equipment supplier. Thanks to predictive analytics of the UPS operation status and notifications about the need to replace it soon, service work is carried out in a timely manner, minimizing the risk of downtime.

About OKKO

The OKKO filling station network is one of the largest filling station networks in Ukraine (as of the beginning of 2025 – 410 filling stations). The company also has a network of on-the-go catering establishments, stationary and mobile laboratories for quality control of petroleum products, etc.

The company is one of the largest taxpayers in the fuel market. Based on the results of operations in 2024, the companies of OKKO Group paid a total of UAH 21.1 billion in taxes to the budget and state funds. This is UAH 5.6 billion, or 36%, more than in 2023.

https://www.okko.ua/

About Schneider Electric

Schneider’s purpose is to create impact by empowering everyone to make the most of our energy and resources, ensuring progress and sustainability for all. We call it Life Is On.

Our mission is to be a trusted partner in sustainability and efficiency.

We are a global technology leader, bringing world-class expertise in electrification, automation and digitalization to smart industries, reliable infrastructure, future-proof data centers, smart buildings and intuitive homes. Drawing on our deep industry expertise, we provide integrated end-to-end AI-enabled industrial IoT solutions with connected products, automation, software and services, creating digital twins to drive profitable growth for our customers.

Ourmain resource is our 150,000 employees and more than a million partners operating in more than 100 countries to ensure proximity to our customers and stakeholders. We support diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com

 

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Schneider Electric unveils innovative solutions for sustainability and energy based on artificial intelligence

Schneider Electric, a leading global expert in energy management and automation, has unveiled a range of innovative solutions to address pressing energy and sustainability issues using artificial intelligence. The innovations were presented at the International Conference on Digital Transformation and Sustainable Development held in Paris.

Some solutions included innovations such as:

EcoStruxure Energy Hub – an intelligent energy management platform that allows companies to monitor resource consumption in real time and optimize their use to reduce their carbon footprint.

AI-Powered Grid Manager – an energy grid management system that uses artificial intelligence to analyze data and predictive control to improve the resilience and reliability of energy systems.

Green Building Suite – building optimization software to improve energy efficiency and reduce operating costs.

Smart Charging Station System for Electric Vehicles – a solution that integrates charging infrastructure with power grids and increases the efficiency of renewable energy sources.

According to Mikhail Bubnov, CEO of Schneider Electric Ukraine, these technologies will soon be available on the Ukrainian market.

“We are proud that our solutions presented in the global arena will be available to Ukrainian customers in the near future. This will enable the introduction of advanced technologies for energy management and automation, contributing to the sustainable development of the country and improving energy efficiency,” said Mikhail Bubnov.

According to the company’s forecasts, the use of such solutions in the Ukrainian market will contribute to improved energy management, cost reduction and transition to more environmentally friendly energy sources. This is especially important in the context of current challenges associated with the global energy crisis and the need to adapt to the standards of sustainable development.

Schneider Electric is a global leader in energy management and automation. The company develops integrated solutions for energy efficiency and sustainability, driving digital transformation across industries. With more than 180 years of history, Schneider Electric continues to innovate to create a sustainable future. Schneider Electric began its operations in Ukraine in 1994, opening representative offices in Kiev, followed by Donetsk, Mykolaiv and Lviv. In 2000, Schneider Electric Ukraine LLC was established with a commercial structure and warehouse, which allowed the company to strengthen its presence in the Ukrainian market and provide customers with a wide range of solutions in the field of energy management and automation.

https://www.se.com/ua/uk/

 

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