Tech

Wednesday, June 19

The EBRD will finance 50% of the merger between Ukrainian telecom operators.

The EBRD will finance 50% of the merger between Ukrainian telecom operators. The EBRD will provide $217.5M, half of the $435M allocated jointly with the IFC, to finance the creation of a combined company, Datagroup-Volya and Lifecell, following the completion of the purchase a...

Angel One Fund invests from $50,000 to $300,000 in six Ukrainian startups.

Angel One Fund invests from $50,000 to $300,000 in six Ukrainian startups. The angel venture fund Angel One has invested in six Ukrainian defense-tech and dual-use tech startups within the framework of syndicated agreements over the last six months. The average investment ch...

Monday, June 10

The newly created Finnish-Ukrainian venture fund, Double Tap, will invest in Ukrainian defense startups.

The newly created Finnish-Ukrainian venture fund, Double Tap, will invest in Ukrainian defense startups. The Finnish-Ukrainian investment company Double Tap Investments announced a decision to invest in Ukrainian defense technology startups. Double Tap Investments is an investment company based in Finlan...

Friday, June 7

The Ukrainian leader in biogas energy generation is unable to restore operations at three TPPs using biomass.

The Ukrainian leader in biogas energy generation is unable to restore operations at three TPPs using biomass. The Clear Energy group of companies, which is engaged in the construction and operation of bio-thermal power plants, wind turbines, and thermal power plants, never managed to put its biomass thermal p...

Thursday, June 6

Russia produces 200-300% more shells than the West combined, and for 75% less.

Russia produces 200-300% more shells than the West combined, and for 75% less. Russia has increased its military production faster than NATO expected, and the countries of the Alliance have taken longer to increase their production than they should have, as stated by NATO Secret...

A Canadian manufacturer of armored vehicles is investing tens of millions of dollars in a new Ukrainian enterprise.

A Canadian manufacturer of armored vehicles is investing tens of millions of dollars in a new Ukrainian enterprise. According to Roman Shimonov, CEO of the Canadian Roshel company, the decision to open a company in Ukraine has already been made. The company expects to invest “tens of millions of dollars”...

Cisco has launched a $1B fund for investment in AI.

Cisco has launched a $1B fund for investment in AI. Cisco, which has a representative office in Ukraine, has launched a $1B fund for investment artificial intelligence startups. Through its investment arm, the company has invested in Cohere, Mistral AI...

Tuesday, June 4

Businesses are being offered grants for innovative production and to move their operations to safer regions.

Businesses are being offered grants for innovative production and to move their operations to safer regions. EIT Manufacturing Accelerate is a program that helps scale and accelerate the transformation of industrial start-ups into influential players in the European manufacturing ecosystem. The program suppo...

IT experts expect a 5-10% drop in the industry’s exports this year.

IT experts expect a 5-10% drop in the industry’s exports this year. Lviv IT cluster CEO Stepan Veselovskyi stated: “Ukraine may lose competitive advantages over other countries in the field of innovative technologies.” He said that despite the modest posit...

Tuesday, May 28

Transcarpathia plans to develop geothermal energy production.

Transcarpathia plans to develop geothermal energy production. The Zakarpattia regional administration signed a memorandum with Ukrgazvydobovannya, the largest gas production company of Ukraine, on the implementation of gas-to-power projects at the Solotvyno and ...

Ukrainian defense startups will compete for €500,000 from a coalition of unicorn startup founders.

Ukrainian defense startups will compete for €500,000 from a coalition of unicorn startup founders. Together with the DarkStar coalition, Estonian businessman Ragnar Sass has organized a five-day Extreme Bootcamp program for defense technology startups. The camp will cooperate with Ukrainian army un...

Monday, May 27

Ukrainian munitions manufacturers will achieve a 25% profit, and France’s €200M grant will be used for defense needs.

Ukrainian munitions manufacturers will achieve a 25% profit, and France’s €200M grant will be used for defense needs. Prime Minister Denys Shmyhal announced that the government has approved a resolution establishing a profit margin of up to 25% of their cost for domestic ammunition manufacturers. He noted the success...

Friday, May 24

Investors want to sell an aerospace company with Ukrainian roots for $1.5B.

Investors want to sell an aerospace company with Ukrainian roots for $1.5B. Investors in the Ukrainian-American manufacturer of rockets and lunar landing modules, Firefly Aerospace, are considering selling it for about $1.5B. Investors including the American private investmen...

Thursday, May 23

Ukrainian defense enterprises are eligible to receive up to ₴2M in grant funds for new military projects.

Ukrainian defense enterprises are eligible to receive up to ₴2M in grant funds for new military projects. Ukrainian military equipment and defense system developers can now apply for grants of ₴500,000, ₴1M, or even ₴2M to implement their initiatives. Funding will be provided through the Brave1 grant prog...

Tuesday, May 21

The Brave1 defense cluster has united 1,600 developments from 1,000 Ukrainian manufacturers and provided $3M in grants.

The Brave1 defense cluster has united 1,600 developments from 1,000 Ukrainian manufacturers and provided $3M in grants. The Brave1 defense technology cluster, created a year ago, has significantly accelerated the appearance of new technology at the front, the Ministry of Digital Transformation reported. The clusterR...

Tuesday, May 14

Ukraine has built an underground network of weapon factories; Magura drones have caused $500M in losses to the Russian fleet.

Ukraine has built an underground network of weapon factories; Magura drones have caused $500M in losses to the Russian fleet. The Ministry of Strategic Industries of Ukraine has built a classified network of underground factories to produce weapons, and defense enterprises were moved underground due to large-scale destructio...

A Ukrainian startup selling new real estate in the US is capturing the market at high speed.

A Ukrainian startup selling new real estate in the US is capturing the market at high speed. Ukrainian PropTech startup NewHomesMate, headquartered in Austin, Texas (US), launched a platform for finding and buying new real estate in the US in 2020. The startup was founded by Bohdan Hnatkovsky...

Friday, May 10

Ukraine has proposed three initiatives to attract EU funds to strengthen its defense industry.

Ukraine has proposed three initiatives to attract EU funds to strengthen its defense industry. Minister of Strategic Industry Oleksandr Kamyshin said that Ukraine seeks to attract additional funds from the EU to strengthen its arms industry and implement additional production facilities unrelat...

Foreign investors in Ukraine are most interested in the defense sector, which has export potential.

Foreign investors in Ukraine are most interested in the defense sector, which has export potential. Minister of Economy Yulia Svyrydenko said foreign investors are most interested in developing the Ukrainian defense industry. “Because everyone understands that Ukraine is a great field for test...

Ukraine has equaled Russia’s ability to manufacture Shahed drone analogs.

Ukraine has equaled Russia’s ability to manufacture Shahed drone analogs. General Director of Ukroboronprom Herman Smetanin stated: “In 2024, Ukraine will catch up with the Russian Federation in the production of kamikaze drones similar to the Shahed-131 and Shahed-13...

A startup with Ukrainian roots plans to buy WeWork, which was once valued at $47B.

A startup with Ukrainian roots plans to buy WeWork, which was once valued at $47B. Rentberry, a Ukrainian-founded startup developing a long-term housing rental platform, plans to buy the bankrupt company WeWork for $550-650M. The buyer will not assume any debt obligations as part of...

Wednesday, May 8

Ukraine will produce ammunition according to NATO standards and can produce $10 billion more worth of additional weapons this year.

Ukraine will produce ammunition according to NATO standards and can produce $10 billion more worth of additional weapons this year. Ukroboronprom enterprises are gradually switching to the production of ammunition in NATO calibers, particularly 60-mm mortar mines, General Director of the Ukrainian Defense Industry Herman Smetanin ...

The EU will buy weapons for Ukraine’s military from Ukrainian manufacturers.

The EU will buy weapons for Ukraine’s military from Ukrainian manufacturers. EU states will purchase weapons for the Defense Forces of Ukraine from Ukrainian manufacturers through the European Peace Facility, said Minister of Strategic Industry Oleksandr Kamyshin after the Ukr...

Wednesday, May 1

Russia is producing weapons at a record pace, and Ukraine’s partners are trying to increase support.

Russia is producing weapons at a record pace, and Ukraine’s partners are trying to increase support. Over the past year, Russia has learned to develop new weapons and ammunition faster than at any time in its modern history, including during the Cold War, US Secretary of State Antony Blinken said. Ac...

Ukraine is increasing long-range drone production to 500 units per month, and the state is increasing funding by ₴15.5B.

Ukraine is increasing long-range drone production to 500 units per month, and the state is increasing funding by ₴15.5B. Ukraine is increasing its production of long-range drones, which should help the Armed Forces bypass restrictions on the use of weapons obtained from Western countries for strikes on Russian territory...

Friday, April 26

A Ukrainian FPV drone manufacturer is launching the Defense Tech Innovation Hub to accelerate the implementation of innovations at the front.

A Ukrainian FPV drone manufacturer is launching the Defense Tech Innovation Hub to accelerate the implementation of innovations at the front. The Innovation Hub from TAF Drones is designed to minimize the time between the development of promising technologies and their implementation on the front. According to estimates, the number of promi...

The drone coalition has collected almost €500M for the Ukrainian Armed Forces, and Ukraine is seeking foreign customers for its domestic defense industry.

The drone coalition has collected almost €500M for the Ukrainian Armed Forces, and Ukraine is seeking foreign customers for its domestic defense industry. The Latvian-initiated drone coalition has raised almost €500M to purchase drones for the military. Denmark and the Netherlands announced a €400M joint drone purchase, Canada – €70M, Latvia ̵...

Wednesday, April 24

Innovative Ukrainian startups will be able to compete for a €10,000 business development grant.

Innovative Ukrainian startups will be able to compete for a €10,000 business development grant. The European Institute of Innovation and Technology (EIT) is launching a pre-acceleration program for start-up entrepreneurs from Ukraine — Rebuild Ukraine. The program teaches teams to form effective...

Monday, April 22

A German company will open a second defense plant in Ukraine, and the Netherlands is allocating €200M for air defense and artillery shells.

A German company will open a second defense plant in Ukraine, and the Netherlands is allocating €200M for air defense and artillery shells. German UAV manufacturer Quantum-Systems will open a second drone production facility in Ukraine with a capacity of up to 1,000 UAVs per year, including the production of spare parts. The manufacturer ...

Friday, April 19

Ukraine has increased its production of Bohdana self-propelled guns to 10 per month. This signals that the Ukrainian defense industry is ready to enter foreign markets.

Ukraine has increased its production of Bohdana self-propelled guns to 10 per month. This signals that the Ukrainian defense industry is ready to enter foreign markets. In April, the Ukrainian defense industry will produce 10 self-propelled Bohdana artillery systems for the first time, said President Volodymyr Zelenskyy. “The share of our own production is cons...

Wednesday, April 17

Four waste processing plants with a capacity of 500,000 tons will be built in the Poltava region, at a cost of $130M.

Four waste processing plants with a capacity of 500,000 tons will be built in the Poltava region, at a cost of $130M. By the end of May 2024, the Poltava, Lubny, Kremenchuk, and Kobelyaky communities will determine construction sites for new waste processing plants. The planned enterprises will be able to fully proce...

Ukraine is working on two projects with the capacity to produce up to 1,700 MW of pure hydrogen.

Ukraine is working on two projects with the capacity to produce up to 1,700 MW of pure hydrogen. Among the most developed hydrogen projects in Ukraine is the H2U Hydrogen Valley project, which is being implemented by the Voden Ukrainy company. Two renewable hydrogen plant valleys are being create...

Ukraine will build 10 GW of capacity to produce renewable hydrogen, which the EU urgently needs.

Ukraine will build 10 GW of capacity to produce renewable hydrogen, which the EU urgently needs. Currently, hydrogen production in Ukraine is approximately 360,000 tons per year, used mainly to produce ammonia. Although this is only 0.5% of global demand, with technological development and invest...

Friday, April 12

Venture capital investors have recognized Ukrainian Haiqu as one of the most promising quantum startups.

Venture capital investors have recognized Ukrainian Haiqu as one of the most promising quantum startups. After interviewing investors, Sifted published a rating of the 11 most promising quantum computing startups, including the Ukrainian startup, Haiqu. In 2023, European quantum start-ups received $781M ...

Tuesday, April 9

Ukraine launches an accelerator for military startups.

Ukraine launches an accelerator for military startups. The Defence Builder Accelerator program was launched for startups that are interested in creating innovative solutions with military applications and who are also ready to develop projects at the mili...

Thursday, March 28

Ukraine is massively increasing its weapons production to fight back against Russia.

Ukraine is massively increasing its weapons production to fight back against Russia. Ukraine needs every advantage to repel Russia from its territory, and one such factor is the small but fast-growing Ukrainian defense industry, into which the government is pouring money. These effort...

Wednesday, March 27

Kyiv plans to build a cutting-edge defense enterprise to produce drones.

Kyiv plans to build a cutting-edge defense enterprise to produce drones. A facility will be built in the Ukrainian capital – a utility company that will be subordinate to the Kyiv City Administration and be engaged in drone production. The company’s authorized ...

Wednesday, March 20

The government is simultaneously preparing two new financial support mechanisms for Ukrainian arms manufacturers.

The government is simultaneously preparing two new financial support mechanisms for Ukrainian arms manufacturers. Ukraine’s military-industrial complex currently consists of 500 defense companies, 80% of which are private. Before the full-scale war began, private companies occupied 20% of the market. In 2023, Ukr...

Tuesday, March 19

Ukraine is calling on its Western allies to finance its domestic arms production.

Ukraine is calling on its Western allies to finance its domestic arms production. According to the FT, Kyiv’s recently increased production capacity significantly exceeds the funds available to place orders. “The fastest way to start production is to do it in Ukraine. We are ...

Wednesday, March 13

Experts name the conditions that will ensure a 5-10% increase in the export of Ukrainian IT services.

Experts name the conditions that will ensure a 5-10% increase in the export of Ukrainian IT services. The director of the Lviv IT Cluster, Stepan Veselovsky, believes that the IT industry can increase export revenue by 5-10% in a year if effective and transparent mechanisms for booking key employees a...

A Ukrainian startup developing secure communications for the military has attracted over $500,000 in investment.

A Ukrainian startup developing secure communications for the military has attracted over $500,000 in investment. Ukrainian defense start-up Himera, which creates tactical communication devices for the Armed Forces, has attracted $525,000 in investment from the United Angels Network and several private investors....

Monday, March 11

France is planning joint production of weapons with Ukraine and could send its army to Ukraine, but only under certain conditions.

France is planning joint production of weapons with Ukraine and could send its army to Ukraine, but only under certain conditions. The Minister of Defense of France, Sebastien Lecornu, said that strategic partnerships are being prepared between French and Ukrainian defense enterprises to facilitate cooperation in the production o...

Friday, March 8

Ukrainian space startup attracts $4M in investment.

Ukrainian space startup attracts $4M in investment. Kurs Orbital, founded by Ukrainian space industry veterans, has raised $4M to accelerate the commercialization of its satellite maintenance technology. Based in Turin, Italy, Kurs Orbital led the seed...

Wednesday, March 6

An American-founded investment fund plans to invest in eight Ukrainian startups this year.

An American-founded investment fund plans to invest in eight Ukrainian startups this year. The co-founder of the investment fund Green Flag Ventures, Deborah Fairlamb, said the fund will invest in several Ukrainian startups, with financial commitments ranging from $100,000 to about $1.2M. B...

Friday, March 1

Ukraine is discussing cooperation and investment in the electric car market with Japanese automobile giants.

Ukraine is discussing cooperation and investment in the electric car market with Japanese automobile giants. Ambassador of Ukraine to Japan Serhiy Korsunskyi said: “We visited the Nissan plant, where electric cars are assembled, and spoke with the management about what needs to be done so that such man...

Ukraine needs €4B to invest in waste processing.

Ukraine needs €4B to invest in waste processing. The Ministry of Environmental Protection and Natural Resources has identified more than 200 waste processing projects as part of its waste management reform strategy. According to the department’...

Wednesday, February 28

A Ukrainian start-up that extracts carbon dioxide from the atmosphere has attracted €1.5M in investment.

A Ukrainian start-up that extracts carbon dioxide from the atmosphere has attracted €1.5M in investment. The Ukrainian startup Carbominer, which captures carbon dioxide from the air, received a €1.5M grant from the EIC Accelerator Fund. Carbominer has already received a grant from the EBRD in 2022. In 20...

The UVCA has opened a hub in Brussels for business cooperation with the EU.

The UVCA has opened a hub in Brussels for business cooperation with the EU. The EU Business Hub, which includes an investment platform for promoting projects and cooperation between Ukrainian and European businesses, a business club, and the Seven Camp acceleration program, w...

Tuesday, February 27

New Ukrainian IT startups are being offered grants of up to $50,000 for development.

New Ukrainian IT startups are being offered grants of up to $50,000 for development. The Ukrainian Startup Fund and the Western NIS Enterprise Fund are grant programs that support Ukrainian technology companies, with a total budget of $2.5M. The program will provide opportunities to r...

Monday, February 26

Ukrainian defense startups are eligible for $200,000 in development investments.

Ukrainian defense startups are eligible for $200,000 in development investments. Ukrainian and American companies in the field of leading defense technologies have launched a program to support Ukrainian technology startups in the defense field called MITS (“Power”). T...

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