Incubators & technoparks

Dubai business incubator to fund, train Ukrainian startups

A United Arab Emirates business incubator – venture fund FasterCapital based in Dubai – has announced it is entering the Ukrainian market, promising up to $3 million in investment in Ukrainian startup companies. According to Sergiy Andriychuk, the head of FasterCapital’s Ukrainian unit, the incubator is mostly interested in technology startups that develop software, online …

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Ukrainian advertising agency group to invest $1 million in marketing startups

CMS Group, a Ukrainian group of advertising agencies, has launched its own investment fund CMS Ventures. The company intends to invest $1 million into Ukrainian marketing startups having a potential for growth in such Russian-language countries as Russia and Kazakhstan. Formerly known as Tabasco Group, CMS Group was founded in 2006 by Alexander Gorlov. It gathers nine independent …

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WannaBiz, Ukraine’s last significant startup incubator, stops activity to focus on venture investment

Last month WannaBiz, a startup incubator based in Odesa (Odessa) in southern Ukraine, announced its transformation into a venture fund, setting the goal of raising from $5 million to $10 million from individual investors. “We’re not completely stopping incubation activity, but our main focus will be on investment,” WannaBiz Managing Partner Vadim Rogovsky said in …

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Ukrainian online tutor platform graduates from Berlin business accelerator with $120,000

In a small theater in the middle of Berlin’s Kreuzberg district, a Ukrainian entrepreneur comes on stage to music playing from the American drama series “The Game of Thrones.” Taking place on Sept. 10, it was the culmination of three months of working on product design, marketing and fundraising at the TechStars Berlin business accelerator. …

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In Eastern Ukraine, major IT players form “Kharkiv IT Cluster”

Last week several major IT companies in Kharkiv (Kharkov) announced they are joining forces to form the “Kharkiv IT Cluster” with the stated goal of transforming the city into an attractive IT hot spot, reported tech blog AIN.UA. Among the cluster’s key supporters are software developers and publishers Altexsoft, Insart, Telesens and Videal as well as …

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50 top tech entrepreneurs and VCs launch non-profit to help Ukrainian startups penetrate Silicon Valley

Last week more than 50 of Ukraine’s most renowned tech entrepreneurs and investors launched UA50, a non-profit initiative to help Ukrainian startups enter the US and global markets. By providing mentorship programs, networking opportunities and other guidance, the network aims to “cultivate a new generation of successful Ukrainian companies,” strengthen “Ukraine’s presence in the global tech innovation …

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Two Ukrainian startups join TechStars in Boston, with Kwambio obtaining $650,000

Two Ukrainian startups, Kwambio and GVMachines, have entered the 3-month-long summer program at the TechStars accelerator in Boston, joining a class that includes 12 teams from various countries. Ukrainian tech blog AIN.UA has learned that Kwambio has also obtained $650,000 from TechStars and business angels. The amount of investment for GVMachines has not been reported.

First fintech cluster launched in Ukraine

Earlier this month the conference Fintech Ukraine 2015 played host to a presentation from the public initiative FinTech Cluster, created within the Ukrainian Venture Hub. The goal of the project is to unite finance startups, banks, and investment funds in the collective development of the Ukrainian fintech market and to lobby for its interests. The creators of …

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Crimean accelerator packing its bags as region moves to embrace Russian ideals

The Crimean region’s only startup accelerator Ant-Lab, located in Sevastopol, recently closed its doors because the owner did not want to be taken over by Russia, according to Ant-Lab owner Igor Petrov. Petrov was in the middle of packing up to move to Kiev when contacted by Geektime and he told us that a Russian takeover …

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