What has happened in the Ukrainian tech market in the first part of November 2020?
Venture capital and startups:
Ajax Systems, a Ukrainian manufacturer of wireless security systems, has opened the second plant in Kyiv. It is located on the Left Bank at 9 Boryspilska St., on the territory of the former Kyiv radio plant and plans to create 1,000 new positions – read
Ukrainian startup RetargetApp, a web app that automatically creates and optimizes effective ads for online shops, closed the Seed-round of $2,4 mln. BeeVentures and TMT Investments PLC invested $1,2 mln – read
The international startup with Ukrainian roots Portal has closed a $350,000 angel funding round by a group of investors from the Netherlands – read
Ukrainian startup VAR.energy allowing solar plants to boost profits raises angel investment. VAR.energy installs an add-on controller on an existing SPP, which makes it possible to sell to electrical grid operators the so-called “secondary services” for balancing reactive power- read
Ukrainian venture firm ICU Ventures announced it has invested in Hivecell, a New York-based Edge-as-a-Service company that’s redefining the category of edge computing. Hivecell is powered by a Ukrainian developer team.The terms of the investment are not disclosed – read
Ecosystem news:
The IT labor market grew up by 20% in September 2020. According to GlobalLogic, the number of vacancies in the IT-sphere reached 6,000 in September. This shows the gradual resumption of the IT industry in Ukraine since the pandemic started – read
The State Statistics Service reports that IT helped save the day as Ukraine’s balance of trade in this area showed a $4.4 billion surplus. Compared to the first three quarters of last year, exports of services dropped by 12% to $8.15 billion, while imports fell by 26.5% to $3.7 billion. BRDO Ukraine reports that Ukraine’s IT industry loses $199 million in Q2/Q3, export growth rate may recover in Q4 – read
According to the Ministry of Digital Transformation of Ukraine, since July 2020 over 7.5 thousand Ukrainian towns with a population of 1.5 million have gotten access to the 4G – read
The Parliament of Ukraine has registered draft laws for the development of the Ukrainian IT sector – №4303 “On Stimulating the Development of the Digital Economy in Ukraine” and №4305 “On Amendments to Criminal Legislation Concerning the Special Procedure for Investigating Criminal Offenses to ensure proper conditions for the development of the digital economy”. According to forecasts of dynamic development after the launch of Diia City by the end of 2025, by the end of 2025, the number of jobs in the IT industry will increase up to 450 thousand – read
GIG-employees are the new players in the Ukrainian IT-field. Thanks to the draft law №4303, a new form of employment is becoming increasingly integrated into the Ukrainian legislation: GIG-employees, which allows IT companies to enjoy truly flexible working conditions, sais Oleksandr Bornyakov, Deputy Minister of Digital Transformation and Head of project Diia City – read
According to the Ukrainian Israeli Innovation Summit overview, during the past three years the collaboration between Ukraine and Israel in the IT-sphere has been taken to the next level: nearly 30 Israeli companies have opened their offices in Ukraine; more than 50 Ukrainian technological companies have found new clients in Israel; the turnover of Ukrainian IT services to Israeli companies have reached over $150 mln; about 40% of its IT services Israel buys from Ukraine – read
The Top Young IT Entrepreneurs of the Forbes Ukraine Under 30 2020 – read
Kyiv is now City #87 in the ranking of The Best Cities by Resonance Consulting – read
Ukraine becomes the ninth country joining the NASA space program. Ukraine has all the scientific and technical capabilities and experience allowing the country to become one of the weighty partners of NASA during the implementation of the Artemis program – read
Ukrainian hypermarket goods delivery service, Zakaz.ua kicks off in Uzbekistan. Previously service was launched in the capital of Moldova, Chisinau. In Ukraine, Zakaz.ua operates in 15 cities, particularly in Kyiv, Kharkiv, Dnipro, Odesa, and Lviv – read
Polina Lishko, Ph.D., a Ukrainian-born physiologist at the University of California, Berkeley, has been chosen to receive a 2020 MacArthur “genius” award. The award comes with $625,000 in funding over five years, which Dr. Lishko, an associate professor of molecular and cell biology, will use to continue her work on reproductive physiology. – read
The Digital Transformation ministry is launching an English-language version of Diya.Biznes, its online platform for entrepreneurs doing business in Ukraine. The platform features a map of the business support infrastructure, including incubators, accelerators, business support centers, foundations and business associations in each region of Ukraine – read
Via AIN, KyivPost, TechUkraine, Цензор
