Ukrainian startups rate their biggest obstacles

By Bozhena Sheremeta / February 24, 2015

Ukraine’s turbulent 2014 worsened the investment climate, including in venture capital – which dropped in half to $40 million. It’s a big problem for the more than 2,000 Ukrainian startups.

A Kyiv Post survey of 47 startups, from e-commerce to mobile applications and hardware products, shows bureaucracy and bribery are key obstacles. Other problems: Russia’s war in the east, general investor disinterest, weak corporate legislation, low purchasing ability, a lack of incubators, accelerators and mentors, hryvnia devaluation and poor intellectual property rights protection.

Topics: Analysis & opinion, Startups

About

Bozhena Sheremeta

A graduate of the Economics Faculty of Taras Shevchenko National University in Kyiv, Bozhena Sheremeta covers the vibrant Ukrainian startup scene for The Kyiv Post. She can be reached at sheremeta@kyivpost.com and followed on Twitter @BozhenaLucky.

http://www.kyivpost.com/

About

The Kyiv Post

Launched in 1995, Kyiv Post is Ukraine’s leading English-language newspaper, produced by a team of Western and Ukrainian journalists. Over the years, the weekly newspaper has led the charge for a free press in Ukraine, and has played roles in the Georgiy Gongadze scandal, the Orange Revolution and other significant Ukrainian events. The Kyiv Post’s IT coverage is sponsored by Looksery, Ciklum, Steltec Capital and SoftServe. The content is independent of the donors.

http://www.kyivpost.com/