Tech

Wednesday, November 9

The total aggregate value of all Ukrainian startups is estimated at €23.3B.

The total aggregate value of all Ukrainian startups is estimated at €23.3B. Last year this number was higher at €27.1B, according to a study of the startup market and venture capital by Dealroom.co, Google for Startups, and Atomico. The study’s results also showed that ...

Tuesday, November 8

Ukraine will help Germany with the digitalization of its public sector.

Ukraine will help Germany with the digitalization of its public sector. The Ministry of Digital Transformation of Ukraine team met with the State Secretary of the Ministry of the Interior of Germany, Markus Richter, and representatives from the innovative center of state ...

Friday, November 4

Ukraine’s IT industry has grown by 13% in 2022.

Ukraine’s IT industry has grown by 13% in 2022. Compared to the previous year, the volume of computer services in Ukraine for the first nine months of the year increased by 13%, and exports by 23%, reported the Ministry of Economy. The department h...

Tuesday, November 1

Dogecoin has soared in price after Musk bought Twitter.

Dogecoin has soared in price after Musk bought Twitter. The price of the Dogecoin (DOGE-USD) cryptocurrency jumped more than 100% in the last week following the news of the purchase of the social network Twitter by Elon Musk, who is a supporter of digital ...

Monday, October 31

The angel venture fund Angel One, created by the UCU Foundation, has started operating in Ukraine.

The angel venture fund Angel One, created by the UCU Foundation, has started operating in Ukraine. The fund was launched with $1.5M in equity capital and will continue fundraising in Ukraine and around the world. Angel One will invest in Ukrainian startups at the pre-seed and seed stages, writes AI...

Friday, October 21

Ukrainian startups were present at TechCrunch Disrupt for the first time.

Ukrainian startups were present at TechCrunch Disrupt for the first time. TechCrunch Disrupt 2022 is one of the most famous startup events in the world, and was held in San Francisco on October 18. Among the 10 Ukrainian startups in attendance were elKYC – a solution for ve...

Wednesday, October 19

Ukrainian startup Wombats Corp has raised $250,000 from the Atlassian fund.

Ukrainian startup Wombats Corp has raised $250,000 from the Atlassian fund. The Wombats Corp project, which works on free and paid plugins on the Atlassian Marketplace, is over five years old. Company founder Roman Bubyakin started seeking investment for Wombats Corp in Decem...

Friday, October 7

The Ukrainian University and the largest crypto exchange in the EU will engage in crypto education for Ukrainians.

The Ukrainian University and the largest crypto exchange in the EU will engage in crypto education for Ukrainians. The largest European crypto exchange, WhiteBIT, and the National University of Kyiv-Mohyla Academy have signed a Memorandum of Cooperation. Within the Memorandum framework, WhiteBIT and NaUKMA will wo...

Tuesday, October 4

Ukraine has launched military bond sales through the Diia app.

Ukraine has launched military bond sales through the Diia app. Starting October 3, Ukrainian citizens can purchase military bonds through the Diya application. As noted by the Ministry of Digital Transformation, the cost of one military bond starts at UAH 900 ($2...

A Ukrainian IT startup is ready to conquer the presentation industry.

A Ukrainian IT startup is ready to conquer the presentation industry. A new Ukrainian IT startup, Wizard Sharing, allows you to create a broadcast presentation without the need for a projector or other accessories. Vlad Isaev, the founder of Wizard Sharing App, came up ...

Monday, October 3

Foreign IT specialists will be able to conduct business remotely in Ukraine.

Foreign IT specialists will be able to conduct business remotely in Ukraine. The corresponding norms are contained in draft law No. 5270, which the Tax Committee of the Council recommended for adoption to the Parliament in the second reading. The document provides for granting...

Monday, September 26

Ukraine’s IT army has attacked the Russian Mir payment system.

Ukraine’s IT army has attacked the Russian Mir payment system. Ukrainian IT activists are conducting a DDoS attack on the Russian Mir payment system and its operator, the National System of Payment Cards, the IT Army of Ukraine reported. The volunteer collective ...

Friday, September 23

The first cryptocurrency payment card was issued in Ukraine.

The first cryptocurrency payment card was issued in Ukraine. Unex Bank and Mastercard, along with fintech startup Weld Money have launched the first cryptocurrency payment card, the weld card, in Ukraine. It allows users to pay in cryptocurrency for goods and s...

Thursday, September 22

EU businesses continue investing in Ukrainian startups.

EU businesses continue investing in Ukrainian startups. Lars Seier Christensen, CEO of Seier Capital International, is looking for blockchain startups in Ukraine despite the war, reported TechUkraine. Lars Seier Christensen, who is also the chairman and f...

Monday, September 19

Amazon and four other companies will develop a digital euro prototype.

Amazon and four other companies will develop a digital euro prototype. The European Central Bank has chosen five companies to develop a digital euro prototype, writes Bloomberg. They are the American technology giant Amazon, the Spanish CaixaBank, the French Worldline SA...

Friday, September 16

Ukraine has become one of the three world leaders in cryptocurrency usage.

Ukraine has become one of the three world leaders in cryptocurrency usage. Ukraine took the third position in the global index for adoption of cryptocurrencies, according to research from analytical blockchain company Chainalysis. According to Minister of Digital Transformat...

Ukraine will present its resilient tech ecosystem at the Web Summit 2022 in Lisbon.

Ukraine will present its resilient tech ecosystem at the Web Summit 2022 in Lisbon. The Ukrainian Startup Fund, together with GIST, is organizing the largest delegation of startups in history, including 24 Ukrainian startups. Despite the unprovoked and brutal Russian aggression, whic...

Wednesday, September 14

The “Made with Bravery” marketplace is launched to promote exports.

The “Made with Bravery” marketplace is launched to promote exports. IT product company EVO has launched a new Made with Bravery marketplace to promote the products of Ukrainian manufacturers abroad. The marketplace was created with the support of the Ministry of Forei...

Tuesday, September 6

A new cable at the bottom of the Black Sea will turn Ukraine into the digital hub of Europe.

A new cable at the bottom of the Black Sea will turn Ukraine into the digital hub of Europe. The Ministry of Digital Transformation and the Vodafone Group have agreed to lay an underwater cable across the Black Sea to improve internet communication. As noted by the ministry, cooperation with ...

Monday, August 29

Ukrainian IT companies relocation trend.

Ukrainian IT companies relocation trend. Since the beginning of the war, more than 50% of Ukrainian IT companies have not relocated and instead switched to remote work, according to an IT Ukraine study. Among the IT companies that did move, ...

Monday, August 22

The digital currency Ethereum has doubled in price and is outperforming Bitcoin.

The digital currency Ethereum has doubled in price and is outperforming Bitcoin. After falling to its lowest point in mid-June, the world’s second most popular cryptocurrency – Ethereum – rose sharply in price and has significantly outpaced Bitcoin. On June 19, B...

Wednesday, August 17

More than half of start-ups continue their operations exclusively from Ukraine.

More than half of start-ups continue their operations exclusively from Ukraine. Despite the ongoing war, Ukrainian start-ups, in similar fashion to the country’s IT sector, have demonstrated resilience and entrepreneurs continue to operate their businesses and remain committed to...

Tuesday, August 16

Sigma Software and Tech Nation are launching the Hack for Peace project.

Sigma Software and Tech Nation are launching the Hack for Peace project. Swedish-Ukrainian IT company Sigma Software Group and Tech Nation UK will host the Cross-European hackathon, Hack for Peace to build tech solutions designed to solve war issues. The organizers welcom...

Friday, August 12

Ukrainian diplomats helped a Ukrainian IT company open an office in Japan.

Ukrainian diplomats helped a Ukrainian IT company open an office in Japan. During the last year, with the support of Ukrainian diplomats, the IT Ukraine Association and the Kobe city government organized a series of meetings and webinars, where the Japanese side became acqua...

Wednesday, August 10

Export of IT services increases by 23%.

Export of IT services increases by 23%. The volume of IT service export for the first half of 2022 reached $3.74B. This is 23% more than in the same period of the previous year, the IT Ukraine Association reported. The tech sector brought U...

Tuesday, August 9

A Ukrainian application reaches first place in the US App Store.

A Ukrainian application reaches first place in the US App Store. In August, the Ukrainian application Obimy topped the ratings of the most popular applications from the American App Store in the Lifestyle section, writes ain.ua. After the team redesigned the app, &...

Monday, August 8

IT giant EPAM’s profits fell due to the war in Ukraine.

IT giant EPAM’s profits fell due to the war in Ukraine. The net profit of the international IT service company EPAM, which is one of the largest IT employers in Ukraine, amounted to $18.6M in the second quarter. This is 16% of the $114.7M profit from same ...

Tuesday, August 2

Almost 7,000 IT specialists work for the Armed Forces of Ukraine.

Almost 7,000 IT specialists work for the Armed Forces of Ukraine. Since the war, between 50 and 57,000 IT specialists have left Ukraine. However, approximately 7,000 have joined the ranks of the Armed Forces or Territorial Defense Forces, according to research data...

Friday, July 29

Electronic wallets and payment accounts in Ukraine now conform to the IBAN standard.

Electronic wallets and payment accounts in Ukraine now conform to the IBAN standard. The National Bank has determined the structure for the formation of user payment account numbers and electronic wallets that will adhere to ISO 13616 (IBAN standard) requirements. Each number of the u...

Startup Unstoppable Domains, with an office in Kyiv, has attracted $65M in investment.

Startup Unstoppable Domains, with an office in Kyiv, has attracted $65M in investment. A virtual land rush for NFT internet domains, which use public blockchains that give users complete ownership of their data, helped one of the few companies that set up such sites claim a $1B valuatio...

Tuesday, July 26

The Ukrainian IT army has attacked more than 750 Russian Federation resources.

The Ukrainian IT army has attacked more than 750 Russian Federation resources. During July 11-24, the Ukrainian IT army disabled more than 750 Russian online resources, reported the Ministry of Digital Transformation’s press service. Critically important online resources of the ...

Monday, July 25

Ukraine is technically ready for mutual recognition of digital signatures with the EU.

Ukraine is technically ready for mutual recognition of digital signatures with the EU. The Ukrainian electronic signature recently successfully passed testing at the eSignature Validation Plugtests 2022, announced by the Minister of Digital Transformation Mykhailo Fedorov. “Mutual...

Friday, July 22

Google launches Google Wallet in Ukraine.

Google launches Google Wallet in Ukraine. In Ukraine, the Google Pay application has become Google Wallet and will support new digital elements, according to the company’s official blog. Google added that Google Wallet will standardiz...

Friday, July 15

The IT industry will have a slowdown in growth and a decrease in export revenues.

The IT industry will have a slowdown in growth and a decrease in export revenues. Due to a few unresolved problems, the growth of the IT industry will soon slow down in Ukraine. Accordingly, the amount of export revenues will decrease, said senior VP of GlobalLogic, Andriy Yavorsky...

Thursday, July 14

Ukrainian tech company Preply raises $50M.

Ukrainian tech company Preply raises $50M. The Ukrainian EdTech company Preply has raised a $50M Series C round, increasing its total investment amount since inception to $100M. The investment round was led by Owl Ventures The platform plans t...

Ukrainian company Intellias opens offices in Spain and Portugal.

Ukrainian company Intellias opens offices in Spain and Portugal. Intellias, an IT company, will open four new development centers in Spain and Portugal. These two countries demonstrate rapid development in the IT industry, good living conditions, and professional ...

Thursday, July 7

Through May, the export of IT services have increased by 27%.

Through May, the export of IT services have increased by 27%. IT services became the only business area that grew in 2022 compared to 2021. “In the first five months of this year, the share of IT in all service exports was 46% against 37% a year earlier. From Ja...

Wednesday, July 6

Ukraine has offered global IT companies a digital lend-lease for Ukraine.

Ukraine has offered global IT companies a digital lend-lease for Ukraine. According to the Minister of Digital Affairs, Mykhailo Fedorov, the Digital4Freedom initiative will help make Ukraine the most accessible and digital country in the world. In Lugano, Switzerland, the...

Tuesday, July 5

The number of IT vacancies has significantly decreased.

The number of IT vacancies has significantly decreased. In June, job offers for IT specialists made up 12.5% of all job offers, reported grc.ua. This percentage is almost as high as it was at the end of 2021 and even slightly more than in January 2022. H...

Friday, July 1

The IT army of Ukraine has hacked the largest Russian online shopping site.

The IT army of Ukraine has hacked the largest Russian online shopping site. The Roseltorg platform, owned by the Moscow government and VTB Bank, could not withstand a massive DDoS attack by Ukrainian hackers. The latter managed to obtain the data of about 500,000 citizens of...

Thursday, June 30

NATO will provide €1B to finance technology startups.

NATO will provide €1B to finance technology startups. As stated by NATO Secretary-General Jens Stoltenberg, NATO will set up a special fund to invest €1B in the latest dual-use technologies. “We are creating a NATO innovation fund. With Allied sup...

Wednesday, June 29

Ukraine has ordered dozens of Bayraktar drones.

Ukraine has ordered dozens of Bayraktar drones. Since the beginning of the full-scale invasion by the Russian Federation, the Armed Forces of Ukraine have received up to 50 Bayraktar unmanned aerial vehicles, and the Ministry of Defense plans to p...

The Ministry of Education is launching an educational project to teach IT specialties.

The Ministry of Education is launching an educational project to teach IT specialties. The Ministry of Digital Transformation, together with Binance and the Lviv IT Cluster, is launching the IT Generation educational project, which aims to enable talented Ukrainians to learn a new prof...

Tuesday, June 28

Russian hackers perform massive cyberattacks on Lithuania.

Russian hackers perform massive cyberattacks on Lithuania. The Russian hacker group Killnet claimed responsibility for cyberattacks on Lithuanian websites in response to Vilnius banning the passage of goods sanctioned by the European Union across its territor...

Monday, June 27

Oschadbank will start accepting applications for new business grants in July.

Oschadbank will start accepting applications for new business grants in July. Beginning July 1, the State Savings Bank will begin accepting applications from Ukrainians for microgrants of up to UAH 250,000 for a new business or the development of an existing business. Accordin...

The Ukrainian government will give up to UAH 3.5M to IT startups.

The Ukrainian government will give up to UAH 3.5M to IT startups. Within the framework of the eRobota project, the state will provide grant assistance of up to UAH 3.5M ($110,000) for IT startups. It will also pay for a scholarship in the amount of up to UAH 30,000...

Friday, June 24

Turkish UAV with a Ukrainian engine sets a new record.

Turkish UAV with a Ukrainian engine sets a new record. The Turkish Akıncı UAV, created by Baykar Makina, which has a Ukrainian-made engine, has set a new altitude record. According to technical director Selcuk Bayraktar, “Akıncı has again broken its...

Ukrainian IT exports in 2022 have already earned $3.2B.

Ukrainian IT exports in 2022 have already earned $3.2B. According to the National Bank of Ukraine, in the first five months of 2022, the IT industry brought $3.2B to the Ukrainian economy. According to the IT Ukraine Association, as of June 1, the IT sect...

Tuesday, June 14

Ukrainians registered 31,266 enterprises, most of them in IT.

Ukrainians registered 31,266 enterprises, most of them in IT. During the three months of the war, Ukrainians formed more than 30,000 enterprises. The majority of these are computer programming businesses, reported the Ministry of Digital Transformation. In total...

Friday, June 10

The EU will allocate €20M to support Ukrainian startups and innovation projects.

The EU will allocate €20M to support Ukrainian startups and innovation projects. According to the European Commission, thanks to a targeted amendment to the European Innovation Council (EIC) work program in 2022, a new initiative will support at least 200 Ukrainian high-tech start...

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