More than half of start-ups continue their operations exclusively from Ukraine.
Wednesday, August 17, 2022

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 their success even in these dire circumstances, reveals a TechUkraine survey. Some Ukrainian start-ups have relocated, but the vast majority have kept at least a part of their operations or team in Ukraine.

  1. 95% of start-ups stated that they remain in Ukraine at least partially, while 55.7% continue their operations exclusively in Ukraine
  2. The most popular foreign destinations include EU countries (38.6%) and the US (10%)
  3. While 44% of start-ups have already relocated, 56% remain settled in their original location
  4. Moreover, 78% of those start-ups that have not relocated are not considering it at present, while just 12% are considering it.
  5. Another 10% have not decided yet if they want to relocate.
Previous post
By the end of the year, Ukraine expects to receive another $12 to 16B from the West.

By the end of the year, Ukraine expects to receive another $12 to 16B from the West.

Next post
Russia continues to steal millions of tons of grain.

Russia continues to steal millions of tons of grain.

Previous Main Topics