By 2021, the first Ukrainian innovation park, UNIT.City (a project of UFuture), will be built at 20%, and the amount of investment in it will reach 245 million euros.
“UNIT.City must integrate into the international innovation ecosystem. To do this, we are ready to actively invest in the project, attract global technological leaders, and interact with global financial institutions. The park has reached a new level and is an understandable partner for key industry players,” Vasyl Khmelnytsky, Founder of UFuture, said.
Today, about EUR50 million have been invested in the innovation park and 36 thousand square meters of infrastructure have been built. Three campuses, an IT-school for gifted youth, UNIT Factory, coworking Chasopys.UNIT, a free sports complex and several cafes have been opened. By the end of this year, EUR70 million will be invested in the construction of two business campuses and the first phase of UNIT.Home with a total area of 60 thousand square meters. The construction of five new business campuses, the second phase of UNIT.Home, and a school (with a total area of 110 thousand square meters) is planned to start next year with EUR125 million of investments. Thus, a fifth part of the territory of the innovation park will be built.
According to UNIT.City’s CEO Dominique Piotet, in 2020, comfortable conditions for 150 resident companies as well as for education of more than 1,200 students will be created in the innovation park. Partnership with two of the world’s leading universities is planned. Five venture capital funds, eight laboratories, and ten accelerators are expected to operate in UNIT.City next year. The top manager hopes that international events such as Web Summit, IT Arena, CES, and Davos will be held at UNIT.City in 2020.
“My goal is to ensure that in 2025, when 90% of UNIT.City is built, the world appreciates Ukraine no longer for outsourcing, but for the high quality of innovations, startups. I would like the world to perceive our ecosystem as a place where ideas grow into world-famous companies. Where billion-dollar unicorn startups appear. I would like the next Tesla or iPhone to be born here in UNIT.City,” Dominique Piotet said.
The symbol of the “New Era” of the innovation park’s development is the opening of the unique “Beacon” art object at UNIT.City square. With the onset of darkness, light gradually rises along the two sides of a 60-meter factory pipe lighting a bright beam at the top. The diameter of its base is 3.5 m, and the length can reach 100 meters.
Inside the art object, a dome screen and a projection system were installed by a Ukrainian company, developer of visual solutions and technologies for planetariums and museums, Front Pictures. The image on the screen is being created by four projectors under the control of the Screenberry media server. The planetarium can be controlled remotely through the application on the tablet. “Beacon” was designed by a British artist, Sebastian Kite. The concept of the project was implemented by UDP development company.
UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The Company has a diversified portfolio of assets in real estate, industry, infrastructure, renewable energy, pharmaceuticals, and IT. As of today, UFuture’s assets are estimated at $550 million with total capitalization of the businesses invested in exceeding $1 billion.
UNIT.City is Ukraine’s first innovation park. It is the location where matchless infrastructure and all-inclusive ecosystem enable high technology, innovative and creative businesses to happen and flourish. The goal is to become the center of innovations and a one-point entry into Ukraine for investors, partners and new technology from all over the world. The mission of UNIT.City is to create a unique innovation platform where advanced companies, start-ups and mavens get an opportunity to cross paths and work together ramping up their growth.
British-based Ferrexpo plc in January-March 2019 invested UAH 1.3 billion (over $47.5 million) in the development of Poltava, Yeristovo and Belanovo mining and processing plants (GOK) it controls, which is 73.6% more than the investments for the same period in 2018 in the hryvnia (over UAH 748.9 million) and 71% in U.S. dollars (over $27.8 million).
According to the investment program approved by the board of directors, Ferrexpo Group for January-March 2019 invested more than UAH 855 million, or more than $31.4 million, in Poltava GOK (Ferrexpo Poltava Mining), over UAH 438.3 million, or more than $16.1 million in the development of Yeristovo and Belanovo GOKs (Ferrexpo Yeristovo Mining, Ferrexpo Belanovo Mining).
The main capital investments of PGOK were the costs of supporting existing production in the amount of over UAH 209 million, or more than $5 million and large strategic projects worth over UAH 272 million, or more than $16.3 million, components worth over UAH 373 million, or more than $10 million.
The funds of YeGOK and BGOK were invested in processing, the development of railway tracks and objects, in projects for capital construction of infrastructure, quarrying, geological and other work.
SP Investments LLC (the United States) on April 22 acquired 77 million shares, or 100% of the charter capital, of PrJSC Etalon Insurance Company (Kyiv), according to the insurer’s official information. Prior to the acquisition of shares, SP Investments LLC or its affiliates did not hold shares in Etalon. According to the report, the highest price of shares, which were purchased within 12 days, was UAH 0.205 per share.
Etalon insurance company was established in 1993. It has 24 licenses for nine compulsory and 15 voluntary types of insurance. The company offers more than 50 insurance products for individuals and legal entities. It has an extensive regional network of representative offices in Ukraine.
Kyivstar, the leading Ukrainian mobile communications operator, plans to invest in the development of 4G (LTE) standard by 18-20% more in 2019 compared with 2018, Kyivstar President Alexander Komarov has said. In 2018, capital expenses of the company totaled UAH 3.1 billion. “In 2018, we increased investment in LTE by 18%. In 2019 and 2020, we are planning to maintain the same growth pace and even more – up to 20%,” he told reporters in Kyiv on Thursday.
Komarov said that Kyivstar, like other mobile operators that have purchased 3G and 4G licenses at tenders, are now in the middle of the investment cycle for implementing these communication standards.
“For a few more years, we will actively invest in comparative amounts in LTE, about UAH 3 billion a year,” the president of the largest operator said.
He said that at present, Kyivstar is focusing on the introduction of a more promising in terms of speed and data volume transmission 4G. The president of the company said that if the state is ready to provide the operator with frequencies in the range of 700-800 MHz and ensure the principle of technology neutrality for the market, the above investments can be increased to cover new village communication standards and reduce the “digital gap.”
Komarov also expressed the opinion that the possible implementation of the 5G communication standard in the Ukrainian market is still premature, since it is ahead of the market needs and the willingness of market players to invest.
At the same time, he said that Kyivstar intends to invest annually about UAH 100 million of its own funds in new promising business areas, among which he called FinTech, Internet of Things (IoT), cloud solutions and technologies, big data.
According to him, the goal is to bring the share of this new income of the total income of Kyivstar over three years to 10%. The president of the company said that the search for optimal forms of cooperation with possible partners in these areas is currently underway.
The State Agency for Infrastructure Projects jointly with Infrastructure Ministry has presented a plan on reconstruction of municipal enterprise Vinnytsia International Airport for 2019-2020. Head of the State Agency for Infrastructure Projects Mykola Bozhko said at a press conference in Kyiv on Tuesday that it is planned to spend UAH 2.2 billion on the reconstruction project, including UAH 1.013 billion in 2019 for the first phase of the project.
According to him, the airport modernization project was developed as part of the program to modernize regional airports and the public expertise of the project is now being completed, and the reconstruction of the Vinnytsia International Airport will begin soon. “We plan to launch the first flight by the end of this year,” he said.
The first part of the reconstruction project includes: reconstruction of the runway, partial reconstruction of the apron, lighting, radio and meteorological equipment, cable networks and engineering networks of power supply and communications.
“This will allow us to get a modern, highly optimized international complex. The project is divided into two phases, which will allow, after putting into operation the first phase, to receive a fully operational aerodrome complex, which will be able to accept all types of aircraft of class B, C and, in some cases class D (767-200, 767-300),” Bozhko said.
According to him, this will increase the number of passengers served. He also noted the great potential of the Vinnytsia airport for freight shipments.
According to Bozhko, radio equipment and means of radio navigation will be supplied at the expense of Ukraine’s State Air Traffic Services Enterprise (UkSATSE).