The Current Wave: New breed of Ukrainian tech entrepreneurs seek success in global markets, Part 5

Ukraine’s start-up scene remains resilient, but needs support

Ukraine’s start-up scene continues to show remarkable resilience despite the ongoing Russian invasion of the country, although almost half now admit to having real concerns about their ability to continue operations at their current level without revenue, new investment, or financial support.

In a major new survey carried out by Emerging Europe and Tech Emerging Europe Advocates in partnership with the Ukrainian Start-up Fund, the Ministry of Digital Transformation of Ukraine, TechUkraine, Global Tech Advocates and TA Ventures, more than 48% of start-ups said that revenue or new investment would be needed over the next three months in order to allow them to continue operating at current levels. An additional third of start-ups said that they would face problems within six months.

The survey, The country at war: The voice of Ukrainian Start-ups, was aimed at understanding the impact of the Russian invasion on the start-up scene in Ukraine and at defining the most suitable tools to support Ukrainian start-ups. 

Ukraine’s start-up scene remains resilient, but needs supportRead More
Topics: Data & reports, International, Startups
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