Getting Kyiv in The List of The Best Cities For a Startup

by Roman Cheplyk
Tuesday, December 14, 2021
Getting Kyiv in The List of The Best Cities For a Startup

The capital of Ukraine ranked 48th among the world's best startup ecosystems according to the “Global Startup Ecosystem Index” from StartupBlink, which examined thousands of cities

The startup ecosystem 2021 report identified Kyiv as a particularly strong hub for startups in software and data, marketing and sales, and food technology. More than 250 companies are already operating in these three sectors in the Ukrainian capital.

The data of the National Bank of Ukraine also testify to outstanding prospects: in 2020, the export of information technologies of the country grew by 20%. This increase of US $853 million over the same period last year brought total annual exports of software and other IT products to the top of the $5 billion mark for the first time. 

According to the Ukrainian Technological Ecosystem, the country's IT sector is growing five times faster than the global average. There are 5.000 IT companies here, employing 250.000 developers. 

If we talk about the start-up sector, then according to the 360 Tech Ecosystem Overview, there are about 1.700 companies producing technology products and 533 service companies in Ukraine. Most of them are located in Kyiv.

World giants open their offices in Kyiv: Google, Apple, Reddit. In October 2021, an office was also opened by the developer of logistics solutions from Tel Aviv – the company Bringg, which has the status of a unicorn. And on November 30, the top management of Apple came to Ukraine for the first time. These facts testify to the enormous potential of Kyiv in the field of IT.


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