Policy making

Swedfund supports Ukrainian IT SMEs, opens investment office in Kyiv

Demonstrating its commitment to “supporting Ukraine’s resilience and recovery with strategic investments,” Swedish development finance institution Swedfund is opening an investment office in Kyiv.   Since the war broke out, the organization has supported Ukrainian SMEs in the IT/technology sector, among other sectors. SMEs are key to “boost job creation and increase access to essential goods …

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Newly established funds-of-funds aims to raise $300 million to support Ukrainian tech entrepreneurship

Last month, the Ukrainian Venture Capital and Private Equity Association (UVCA) achieved a significant milestone in establishing a fund-of-funds to support Ukrainian startup entrepreneurship. The “Ukrainian Fund of Funds” is now formally established with a legal entity registered in Luxembourg. The vehicle is managed by an experienced fund-of-funds manager, Ertan Can. “We are now starting …

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Increased drone production, new startup accelerator, AI investment: Ukrainian defense tech on the rise

In recent weeks, Ukraine has witnessed a surge in defense tech innovation initiatives, signaling progress in this crucial sector. Among the news was the launch of Defence Builder, a startup accelerator aimed at fostering collaboration between Ukraine’s military, business and startup communities to develop technologies requested by the army. Defence Builder’s four-month program, tailored each time …

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The Economist: “How Ukraine is using AI to fight Russia”

In an in-depth article published last week, The Economist analyzes the increasing use of AI technology in various aspects of Ukraine’s military operations and national security strategies.  The article highlights the following: Ukrainian President Volodymyr Zelensky called for increased use of AI for national security as early as 2019, reminds The Economist. Government effort led to …

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How the EU’s €50 billion financial assistance package could support technology investment in Ukraine

On Feb. 1, the European Union’s leaders agreed on €50 billion of “regular and predictable” financial support to Ukraine between 2024 and 2027.  This “Ukraine Facility” will materialize in “up to €50 billion in grants and highly concessional loans” made available by the European Commission. While intended primarily for Ukraine to “keep its administration running, …

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Ukraine’s e-government app Diia attracts growing international attention with US support

The Diia e-government platform continues to develop amid the war, making life easier to “over 19 million Ukrainians” and attracting attention from abroad. The Dia Summit, which was held online on December 19, provided fresh insights. Diia was launched in 2020 — soon after Volodymyr Zelensky took office as president and formed the “ministry of …

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How Ukraine’s IT sector could benefit from the country’s EU membership 

EUKRAINA, a EU-sponsored campaign to support Ukraine’s EU integration, has analyzed the benefits that the Ukrainian IT sector may expect from its EU membership. Ukraine signed, in 2014, an Association Agreement with the EU, and received the status of candidate for EU membership in 2022.   “This process should create a powerful synergy effect for both sides in the field of information technology …

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Mykhailo Fedorov: Ukraine can inspire governments worldwide as they will eventually go digital

In a blog post published by Atlantic Council, Ukraine’s Digital Transformation minister analyzes the progress of digitalization in his country amid the war and its significance. In spite of the horrors of the invasion, “Ukrainians continue to open new businesses, get married, pay taxes, and apply for financial assistance from the state.” To a large …

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Ukraine to offer $1 million reward at anti-drone hackathon

 An “Anti-Shahed Drone Hackathon” will be held for Ukrainian teams this week-end (June 24-25). The initiative was announced by the ministry of Digital Transformation earlier this month as part of the ‘Drone Army’ project.  The authorities expect to bring together talented developers, engineers, cyberspecialists and volunteers in order to create advanced systems and technologies for detecting, tracking …

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European Commission allocates €20 million to integrate Ukrainian startups to EU ecosystem

Nearly one year after initial announcements, an EU-backed €20 million program to support Ukrainian high-tech startups is starting to take shape.  Earlier this week, the European Commission announced the winner of its competitive call. A “pan-European network of startup associations, enterprise support centres, incubators and accelerators” will be formed to help Ukrainian innovators integrate into …

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Ukraine launches tech cluster to increase defense capabilities

On April 26 the Ukrainian authorities launched an online platform to streamline and support innovation in defense technologies.  Dubbed ‘Brave1,’ the platform aims to unite industry and government stakeholders, providing the latter with “organizational, informational, and financial support for defense tech projects in Ukraine.”  The covered fields include, in particular, weapon systems, drones, robots, demining systems, protection …

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