Business news from Ukraine

Business news from Ukraine

LVIV IT CLUSTER LAUNCHES REGIONAL INVESTMENT FUND

Lviv IT Cluster, a community of the largest IT companies, will present the first regional investment fund Lviv Tech Angels in support of start-ups in Lviv on June 28.
The goal of the new investment project is to give an incentive for the development of IT business in Lviv and Ukraine, create favorable conditions for growth of companies, and build a strong start-up culture in Ukraine, Lviv IT Cluster said on its website.
“The club of investors will bring together top managers of Lviv IT companies who would select the best Ukrainian start-ups for investment, mentoring, and consulting. Intellias co-founder and СОО Mykhailo Puzrakov, Sigma Software co-founder Volodymyr Chyrva, and N-iX CEO Andriy Pavlov are the initiators of the projects,” reads the statement.
As reported, Canada’s Brookfield & Partners headed a consortium of investors who joined a project to build the first stage of Innovation District IT Park in Lviv with gross area of 10 ha. The cost of the project is $160 million.
The IT Park will occupy 10 hectares between Stryiska, Chmoly, Luhanska and Kozelnytska Streets in Lviv. The construction of the first stage of the IT Park will last about 2.5 years, which will cover about 90% of the entire project, and the first round of investment will reach $95 million. The second stage of the IT Park provides for the construction of business centers and will last about five or six years.
Six eight-storey Class A office buildings, three business centers, a hotel (5,700 square meters, 150-200 rooms), a kindergarten (2,000 square meters), a university (6,000 square meters), a health club, and a parking lot for 3,167 cars are to be built under the project.
Lviv IT Cluster plans to open modern IT labs there that will be available to IT students of all Lviv-based universities.
Lviv IT Cluster is a community of IT companies in Lviv.

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CORPORATE INVESTMENT FUND “HUNTER” TO ACQUIRE TRUSKAVETSKURORT RESORT CENTER

The Antimonopoly Committee of Ukraine (AMCU) has allowed PJSC Closed-End Non-Diversified Venture Corporate Investment Fund “Hunter” (Kyiv) to acquire more than 50% in charter capital of the resort and spa operator PrJSC Truskavetskurort (Lviv region). This was reported by the AMCU’s press service. PrJSC Truskavetskurort incorporates such health resorts as Vesna (Spring), Krystal (Crystal), Almaz (Diamond), Yantar (Amber), Rubin (Ruby Crystal), Berezka (Little Birch) (all based in Truskavets, Lviv region).

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