The startup scene is booming in Ukraine. The country's $5 billion IT industry is home to a thriving economy of unique talent, innovative ideas, and investors willing to fund the next big thing in tech. Over 780 companies have their roots in Ukraine's startup sector, and many of these companies - such as job board Jooble and image recognition company Viewdle - have gone on to receive international success. With so much opportunity, it's easy to see why Ukraine is a hotbed for entrepreneurs. We'll look at some of the country's hottest tech startups and how their ideas are shaking global markets.
Ukraine is hard to ignore when it comes to IT, since it boasts no less than 75,000 skilled developers and over 2,000 startups. The Ukrainian IT industry passed the $1 Billion mark a couple of years ago – valued at $5 billion now - and has continued to thrive despite some hardship. The country's strong education system and on the job training are ranked slightly below Israel's. This factor, coupled with a sizeable IT outsourcing market, is why Ukraine will maintain strong growth potential in the years to come.
From Silicon Valley to Silicon Wadi, Startup companies have taken the world by storm in recent years. With the IT industry being at a global all-time high, there's no better place to be than in the midst of a nation that's just about to bloom into the world's next startup capital. Although industry experts are well aware of the talent and innovation coming out of Ukraine, the rest of the world may still be surprised when they hear the facts. Ukraine's IT industry is currently valued at well over $5 billion, and for a country involved in hybrid war, that's certainly impressive! The country also has over 2,000 startups and over 50,000 highly skilled engineers employed by local Ukrainian IT firms, not to mention the developers employed internationally.
"Ukraine's well-educated, highly-skilled workforce and low labor costs provide an ideal environment for businesses to prosper", - Silviu Popovici, General Manager of Coca-Cola.
I could not agree more with you!!!, that's why I moved from Israel to Ukraine as soon as Maidan started (people say I'm crazy, I say: “I'm a helpless optimist). As a high-tech professional for the last 30 years, Chief Architect at Mind CTI, Founder and CEO of three High-Tech companies: Ignite, Cloudware and APPR and the Chairman of the Israeli R&D Managers Forum, I believe Ukraine has the potential to be the next startup nation!