What has happened in the Ukrainian tech market on 20-24 September 2021?

R&D, new offices in Ukraine

The Ukrainian pharmaceutical company Farmak opens an office in the United Arab Emirates and plans to further strengthen its expansion in the Middle East and localization in Saudi Arabia and Egypt. In August, the company announced setting up a representative office in Vietnam. In July, the company started the construction of an innovative research R&D center in Kyiv, investing EUR 30 million – read

Three Ukrainian universities, in Kyiv and Lviv, announced the opening the tech hubs:

National University Kyiv-Mohyla Academy, Lviv Polytechnic National University, the National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute – read

Venture capital and startups:

PeopleForce, a startup developing an HRM system for small and medium-sized businesses, has raised $700,000 from Sturgeon Capital and other investors. The company has representative offices in the United Kingdom and Estonia, but most of its employees are in Ukraine – read

GitLab, a startup developing an open-source web-based DevOps lifecycle tool that provides a code repository management system for Git, co-founded by a Ukrainian Dmytro Zaporozhets and Sid Sijbrandij, a Dutch entrepreneur, has filed for an IPO on NASDAQ. According to application documents, GitLab’s revenue in the last quarter was $58M, and the company’s valuation is nearing $6B – read

Ecosystem news:

Ukrainian Startup Fund selected 10 Ukrainian startups to present their projects in the global tech gathering in Lisbon Web Summit 2021: SPOKK, Organization.GG, Wantent, Global Innovative Online School, Carbominer, Skyworker, Classee, Djooky, FINMAP.online, Auto BI – read

According to the Digital Quality of Life (DQL) Index 2021 that ranks countries based on five pillars internet quality, internet affordability, e-infrastructure, e-government, and e-security, Ukraine is 47 among 110 countries – read

For the first time in 6 years of the competition in Ukraine, the ClimateLaunchpad Regional Final for Eastern Europe and Greater Middle East will be held in Ukraine by national lead greencubator – read

The Junior Academy of Sciences of Ukraine under the auspices of UNESCO opened the UF Incubator Ukrainian Future Incubator, a business incubator that helps to turn an idea into a commercially successful startup – read

The article is about the fintech potential in Ukraine, the UK and globally and was written based on a panel discussion held by Payal Raina, Founder at FinTech B2B Marketing on July 15th 2021 during the first-ever UK-Ukraine FinTech Summit – read

The Ukraine Pavilion at Expo 2020 Dubai will showcase a Ukrainian world-renowned e-bike Delfast that can travel 380km on a single charge. That’s enough to cover the distance from Dubai to Fujairah three times over – read

Reface and Pawa announced the winners of the first offline hackathon WILD WILD HACK dedicated to machine learning: Hirshi — a tool for turning Instagram posts into animated memes; MemAss — a Telegram bot that makes personalized memes by turning words into images; The Maniacs Club — a memeing app, where you can swipe pictures to like and dislike them – read

Ukraine takes an aim to digitize all public services and to switch to a paperless economy. In practice, this is the absence of barriers to e-commerce between Ukraine and the EU or the ability to use electronic digital signatures in foreign economic activity. All this will speed up the development and use of technologies CardID, BankID, MobileID. Electronic signatures, electronic seals will become an absolute routine for business due to the high-quality implementation of these laws – read

Reports:

The 2021 Global Startup Ecosystem Report (GSER) by Startup Genome and the Global Entrepreneurship Network – read

Digital Quality of Life Index 2021by Surfshark – read
Via TechUkraine, KyivPost, dev.ua, UBN, AIN, USF, Startup Genome

What has happened in the Ukrainian tech market on 20-24 September 2021?