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NATIONAL PERSPECTIVE
Nataly Veremeeva, CEO of Kyiv IT Cluster
*the image is subject to copyright and is owned by Cossacks IT
3 educations:
• Foreign languages,
• Economy and Foreign Trade
• MBA in PA
In IT since 2005:
• Sales & business development in IT Outsourcing,
• Freelance outsourcing facilitator,
• Community leader,
• Society activist building Kyiv IT Cluster NGO,
• National expert on IT in Government export
policy project

http://ewdn.com/files/cee_countries.pdf
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
Kyiv region has the biggest number of IT specialists and IT companies, which makes it the
leading IT region in the country, with Dnipro, Lviv, Kharkiv and Odessa following it.
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-specialistiv
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-specialistiv
Association of Enterprises of
Industrial Automation
Ukrainian Internet
Association
Association of market
participants of wireless
networks of data
transmission
And a big number of
technological
communities: Data
Science Group,
AgriTech, AI Booster,
IoT hub, .Net, Java
groups, etc.
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-specialistiv
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
• Data science, Machine Learning and AI
• FinTech, Blockchain, Cryptocurrencies
• IoT, Robotics
• VR/AR
• Cybersecurity, data protection and encryption
• Industries Digitalization and Disruption
(Energy, Agro, Banking, Healthcare, Education, Military,
Space, Machinebuilding)
TECHNOLOGICAL SERVICE COMPANIES
High level development services, solutions providing,
outsourcing, outstaffing, BPO processes
*the image is subject to copyright and is owned by Cossacks IT
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-specialistiv
Ukrainian IT enjoys worldwide recognition
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-specialistiv
Big and well-established companies entrust Ukraine their IT operations
https://goo.gl/forms/iYEu7tOislLJOI3l1
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-specialistiv
IT industry rapidly develops and is already right after two old and well established leaders -
agro and metallurgy, with a chance to become the leading export industry in the nearest
future. It currently gives 3.34% of contribution in GDP.**
**Source Deliotte 2018, étude dédiée aux évolutions en Afrique des usages, de consommation et de marché dans le secteur des technologies, médias et télécommunications
(TMT) en 2018.
https://goo.gl/forms/iYEu7tOislLJOI3l1
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
https://www.slideshare.net/UVCA/ukrainian-venture-capital-and-private-equity-overview-2016?ref=https://ain.ua/2017/05/29/rynok-venchurnyx-investicij-2016
STARTUP AND PRODUCT
ECOSYSTEM
R&D centers
*the image is subject to copyright and is owned by Cossacks IT
https://goo.gl/forms/iYEu7tOislLJOI3l1
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-specialistiv
Big companies have their own R&D Centers in Ukraine
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
STARTUP AND PRODUCT
ECOSYSTEM
E-commerce
*the image is subject to copyright and is owned by Cossacks IT
https://ecommercenews.eu/ecommerce-per-country/ecommerce-in-ukraine/
• 3.7 million of internet users shop online and spend 286 euros per year
• Nine out of ten internet users have shopped online at least once, and like to pay by cash on delivery
• In 2015, ecommerce in Ukraine was estimated to be worth 2.7 billion euros, but the Ecommerce
Foundation says ecommerce in Ukraine was worth 1.17 billion euros in 2016 and is estimated to be
worth around 1.52 billion euros in 2017.
• In 2015, the top 10 of online retailers in Ukraine consisted of Rozetka, Allo, Modnakasta, Comfy, F.ua,
Mobilluck, Leboutique, Citrus, Lamoda and Eldorado. Data from Gemius in 2017 however, shows that
Rozetka, Olx and Prom are the most popular (local) ecommerce websites in Ukraine, at least in terms
of visitors. The most popular foreign online stores are Aliexpress, Amazon and eBay.
https://www.slideshare.net/UVCA/ukrainian-venture-capital-and-private-equity-overview-2016?ref=https://ain.ua/2017/05/29/rynok-venchurnyx-investicij-2016
STARTUP AND PRODUCT
ECOSYSTEM
Startups & successful product companies
*the image is subject to copyright and is owned by Cossacks IT
http://www.ewdn.com/files/cee_report.pdf
https://www.slideshare.net/UVCA/ukrainian-venture-capital-and-private-equity-overview-2016?ref=https://ain.ua/2017/05/29/rynok-venchurnyx-investicij-2016
http://mappedinua.com/
http://uadn.net/files/ua_dealbook.pdf
https://www.slideshare.net/UVCA/ukrainian-venture-capital-and-private-equity-overview-2016?ref=https://ain.ua/2017/05/29/rynok-venchurnyx-investicij-2016
https://www.slideshare.net/UVCA/ukrainian-venture-capital-and-private-equity-overview-2016?ref=https://ain.ua/2017/05/29/rynok-venchurnyx-investicij-2016
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
http://fintech.unit.city/guide2018/en
http://fintech.unit.city/guide2018/en
http://fintech.unit.city/guide2018/en
http://agritech.unit.city/guide/
http://42.unit.city/gamedev/guide2018
http://42.unit.city/gamedev/guide2018
http://42.unit.city/gamedev/guide2018
http://42.unit.city/gamedev/guide2018
http://42.unit.city/gamedev/guide2018
http://42.unit.city/gamedev/guide2018
http://42.unit.city/gamedev/guide2018
http://42.unit.city/gamedev/guide2018
http://xr.unit.city/vr-ar-market-map/
http://42.unit.city/gamedev/guide2018
• Defence Tech, Cybersecurity
• Energy Sector
• IoT
• Data science, AI
• eHealth
STARTUP AND PRODUCT
ECOSYSTEM
Investments and Investment Funds
*the image is subject to copyright and is owned by Cossacks IT
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/UVCA/ukrainian-venture-capital-and-private-equity-overview-2016?ref=https://ain.ua/2017/05/29/rynok-venchurnyx-investicij-2016
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
https://www.slideshare.net/YevgenSysoyev/the-dealbook-of-ukraine-2018-edition
http://uadn.net/files/ua_dealbook.pdf
• Over $600 million was invested in Ukrainian innovative companies over the past
5 years, with an average investment of $1 million (on all stages) and $500K on
the Seed stage
• 60% of all the deals were made attracting foreign capital, which is 80% of the
total volume (2016).
• There are more VC funds in Kyiv than in Warsaw, Vienna, Oslo and
Copenhagen combined, according to TechStars.
• Research carried out by UVCA indicates that foreign partners were involved as
co-investors in 48% of all startup investments in today’s Ukraine, illustrating their
high levels of readiness to engage in such initiatives.
*https://ain.ua/2017/05/29/rynok-venchurnyx-investicij-2016
http://uadn.net/files/ua_dealbook.pdf
• 2015: Looksery acquired by Snapchat for $150 mln
(https://www.youtube.com/watch?v=5ZYEQc1urL8).
• Included among the 2017 investments:
• Grammarly with $110 mln from General Catalys
(https://www.youtube.com/watch?v=fVbE2CSXCJ0) ,
• Petcube acquires Canadian Petbot and raises $10 mln
(https://www.youtube.com/watch?v=9tmJWyuq47w)
• DepositPhotos with $5 mln from EBRD and TMT Investments
(https://www.youtube.com/watch?v=4Sw_4UsvDQ4)
• DroneUa with $4.7 mln of private investments
(https://www.youtube.com/watch?v=8GDn2nKGFLo).
• 2018: Amazon bought Ring for more that $1 bln
(https://www.youtube.com/watch?v=Bw3NYTG4q5s).
POTENTIAL
Education and resources
*the image is subject to copyright and is owned by Cossacks IT
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-
specialistiv
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-
specialistiv
Exponential growth of IT specialists in the country.
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-
specialistiv
All roles are present, software engineering is the leading occupation
*http://itukraine.org.ua/news/infografika-ukrayinska-it-industriya-zagalni-dani-ta-profesiynyy-profil-
specialistiv
Experienced and constantly developing IT Community with profound English skills.
POTENTIAL
KYIV IT Cluster
*the image is subject to copyright and is owned by Cossacks IT
We unite, educate, strengthen, inspire.
We are the platform for the cooperation and uniting for
reaching common goals.
We support cooperation on all directions, that only might
interest IT companies on their way to development:
education, internationalization and increasing exports, work
with authorities, creation of technological parks,
discount programs, etc.
Maxym Dybenko,
Head of Board of
Directors
Nataly Veremeeva,
CEO
Igor Arkhypenko,
COO
More than 35 IT SMEs and startups, focused on
export and also IT-related companies
• Gnolltech https://gnolltech.com/
• Sirin Software https://sirinsoftware.com
• SANNACODE www.sannacode.com
• IDAP http://idapgroup.com/
• Ezetech LLC http://eze.tech
• Prof-it prof-it.bz
• Evergreen www.evergreen.team
• Apelsun Studio apelsun.ua
• Grossum www.grossum.com
• Kiselev.ua www.kiselev.ua
• AltSolution altsolution.ua
• Flexible IT www.flexibleit.com.ua
• Pro Vision Lab https://provisionlab.com/
• Listex listex.info
• stfalcon stfalcon.com
• Zeus Group www.ze-us.xyz
• Brainbean Apps https://brainbeanapps.com
• Columbery http://data-prom.com/
• CoreTeka coreteka.com
• KITWAY kitway.com.ua
• Mangosoft https://mangosoft.tech/
• 4ire Labs 4irelabs.com
• Coworking Platforma https://www.coworkingplatforma.com
• Укрсиббанк https://ukrsibbank.com,
https://my.ukrsibbank.com/
• AOG.jobs https://www.aog.jobs/
• Alter http://altersvcs.com/
• AGOV http://www.weagov.com/
• Cossacks IT www.cossacksit.com
• Audit company UHY Prostor Ltd http://www.uhy-
prostor.com
• BPO Company www.bpo.net.ua
• MIRA top recruiting www.mira-ua.com
• TechBrainJobs IT recruiting techbraijobs.com
• makeme.guru https://makeme.guru
• IT Business School https://it-bs.com.ua
• more than www.morethan.business
Augmented Reality
2%
Blockchain
2% Booking
3%
Bots for messender
2%
Cloud
2%
CRM
2%
Design
6%
Fashion
2%
Fintech
9%
Gaming
2%
HealthCare
6%
HoReCa
3%
IBM
2%
Internet of Things
6%
MapReduce
2%
Mobile
6%
Networking
2%
Outstaffing
2%
Predictive Analytics
2%
RealEstate
3%
Reality
2%
SmartCity
2%
Telecom
2%
Web
3%
Digital marketing & AdTech
5%
Automotive & Logistics
6%
E-Commerce & Retail
14%
BigData, Machine Learning & AI
6%
OPPORTUNITIES
KYIV IT Cluster
*the image is subject to copyright and is owned by Cossacks IT
*https://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
• Cheap location with lowest operating costs in Europe and salaries
• Ease of recruiting and laying-off employees in the absence of strong legal restrictions
or trade unions
• Highly educated population (100% literacy rate), strong presence of higher
educational establishments (317 colleges and universities)
• European mentality
• No-visa regime and easy work permit regime for foreigners from most countries
• Favorable geographic position for globally operating business. Ukraine is one-hour
flight away from Poland, 2 hours from Germany, 5 hours from Dubai, 9 hours from New
York or Beijing
• The individual income tax is at 18% with most independent contractors paying only 5%
• Well-developed and developing IT infrastructure, with a fast-growing innovation
ecosystem.
*https://www.slideshare.net/YvgenSysoyev/ukraine-rise-of-a-technology-nation
• Political and economic challenges after the recent revolution and geopolitical crisis in
the region, but with good positive dynamics
• High level of corruption across most government bodies. However, some progress has
been noticed since the 2014 revolution
• Legal complications (legal entity registration and closure laws, loopholes in
commercial, financial and technological fields, little efficient IP protection legislation).
However, legislation is to be harmonized with EU rules.
• No tax breaks and even cases of arbitrarily-led tax police inspections in IT companies
• Education is slow to adapt to new trends
• Population decrease, IT Specialists relocate abroad, growing international and CEE
competition
• Sourcing for your startups: partnering with local software development service
companies with high specialization. Kyiv IT Cluster has the whole community to
choose from.
• Opening own R&D center in Ukraine. Our IT Related companies will be happy to help.
• Investing in a local Ukrainian startup. You can ask us to introduce you to UVCA, whose
specialization is to bridge and facilitate such deals.
• Run joint events. You are welcome to do that on our IT Cluster premises.
• Help develop a certain ecosystem direction. We are most interested in AI at the
moment. We would like to launch local courses and prepare a big number of AI
professionals and data scientists, bring inspiring speakers and mentors, create an AI
incubator.
• Other directions are also possible to consider.
• Grant for creating a communication platform between major stakeholders in Kyiv.
• Grant for creating an education platform in Kyiv.
 Mob. : +380501700155
 Skype: Nataly.Veremeeva
 nataly@itcluster.kiev.ua
 www.itcluster.kiev.ua/en
 www.linkedin.com/in/natalyveremeeva
 https://www.facebook.com/nataly.veremeeva

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