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INCREDIBLE TECH
INVESTORS GUIDE TO UKRAINIAN IT
ABOUT THE PROJECT
Ukrainian IT is developing rapidly, having already become Ukraine's second-largest export industry. Ukrainian products and companies can be found all over the world. Some of them have become so large and globally recognized. Yet, only a few people know where these companies are from or who the developers of these products are.
That's why we created Incredible Tech, an effective tool for promoting Ukraine's IT industry internationally.
It is a tool for raising awareness of Ukrainian IT capabilities, attracting investment to the industry, and helping existing IT businesses scale up.
Incredible Tech is a list of excellent and promising Ukrainian IT products and companies divided by industry verticals. You can find among them both small but up-and-coming companies and huge tech companies whose products are used by millions of people and businesses worldwide.
1200000
coverage
17
verticals
115
companies
34
products
VERTICALS
Investors
Private investors, companies, or international funds seeking opportunities to invest in innovative and promising IT products and innovative companies.
Business Partners
IT companies or enterprises interested in entering into partnership agreements, collaboration, and utilizing technologies from Ukrainian developers.
Governmental Organisations
Ukrainian companies offer unique IT solutions that can be implemented at the state level across various sectors such as the economy, education, healthcare, administrative services, smart city solutions and more.
Clients
Businesses and organizations searching for innovative IT solutions to enhance their operations.
Investors
Private investors, companies, or international funds seeking opportunities to invest in innovative and promising IT products and innovative companies.
Business Partners
IT companies or enterprises interested in entering into partnership agreements, collaboration, and utilizing technologies from Ukrainian developers.
Government Organizations
Ukrainian companies offer unique IT solutions that can be implemented at the state level across various sectors such as the economy, education, healthcare, administrative services, smart city solutions and more.
Clients
Businesses and organizations searching for innovative IT solutions to enhance their operations.
UPCOMING EVENTS
Events where the catalogue will be presented
TBA
December
Fintech Connect
Workshop
London, UK
December, 2024
THE PROJECT WAS SUPPORTED
METHODOLOGY
Expert council
Oleksiy Uros
Vice President on Legal Affairs ITU, Director of Business Development, Asters
Denys Grynov
Vice President on Educational issues ITU, Head of EРАМ University in Ukraine
Lyubov Danilova
Vice President on Small and Medium Business issues ITU, Country Manager Payoneer
Ihor Polych
Vice President on International Cooperation ITU, СЕО Devlight
Nina Vasylyova
Vice President on PR issues ITU, Director of corporate communications in EPAM Ukraine
Konstantin Magaletskyi
Vice President on Partnerships issues ITU, ex-partner of Horizon Capital, co-founder of Ukraine Recovery Fund, Angel Investor
Dmytro Gryn
CEO at Jooble, Job Aggregator
Valery Krasovsky
Chief Executive Officer, Co-Founder, Sigma Software
Expert council
REGISTRATION FORM
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TESTIMONIALS
FEEDBACKS
Q&A
What are the Legal Tips for Investors in Ukrainian IT companies?
Be prepared for international dynamics:A Ukrainian IT business typically operates with development centers in Ukraine while registering front offices and holdings in the EU, USA, or other states.
Pay attention to the staffing structure:Engaging independent contractors instead of employees is a widespread practice in the Ukrainian IT sector. Such companies have fewer tax obligations and compliance requirements compared to those using an outdated labor code of Soviet standard. However, tax or labor authorities may classify these contractors as regular employees, resulting in potential exposure to substantial penalties.
Be ready to handle the IP paperwork:IT companies require IP assignment agreements and extensive paperwork to establish their IP rights for works-for-hire created before 2023.
NCA&NSA commitments have limits:Non-compete and non-solicit commitments by staff are generally unenforceable outside of Diia City.
Be aware of venture tools specifics in Ukraine:Convertible loans, options, and SHA are legally recognized in Ukraine but often require unanimous consent from all shareholders and other preparatory measures. SAFE are applicable only to Ukrainian legal entities that are already established.
Currency control will set restrictions:Ukraine has imposed currency limitation during the periods of Martial Law, which encompass restrictions on loan repayments and dividend distribution abroad.
Additional insights into Ukraine’s legal environment:Aequo has also developed its own Guide to Rebuilding Ukraine in the industrial & legal environment, covering most promising industries, including tech, defense and aerospace - https://guide.aequo.ua/
Need legal advice or assistance?https://aequo.ua/enau.ouqea%40emoclewWhat led to the inception of the concept to compile a catalogue featuring Ukrainian IT companies?
The idea was born out of necessity - before the catalogue was created, there was no single guide that would collect all potentially attractive Ukrainian product IT companies and promising IT products for investment. We realised that such companies and products should be combined into one convenient tool that opens up more opportunities for international companies to get to know the world of Ukrainian innovations.
What sets Ukrainian IT companies and their products apart in terms of uniqueness?
The Ukrainian technology industry has a lot to be proud of. All companies and products included in the catalogue are exclusively made in Ukraine. This they have Ukrainian registration or a Ukrainian founder and an office or representative office in Ukraine. The advantages of working with Ukraine are the high technological expertise of Ukrainian IT teams, innovative solutions and high-quality management. Companies are flexible and quickly adapt to changes in the market, taking into account the customer’s needs and the conditions of the business environment.
How to use the catalogue?
There are two conditional sections of the catalogue - product IT companies that are ready to cooperate with international partners, clients, investors, and IT products themselves, which are presented based on a specific orientation. And separately, we allocated a block of service companies - market leaders, who also develop outsourced products.
How to choose a product or company for cooperation?
Use filters and categories in the catalogue to select products or companies that match your needs and interests. In the company profile, you will find a brief description of the company, its advantages and uniqueness, as well as contact details. Feel free to write to the company directly to arrange a meeting and discuss potential joint plans.
How to register a company or product in the catalogue?
To register, use the appropriate form on the website and add the necessary information about your company or product. After moderation and verification of compliance with the criteria, information about the company or product will appear in the catalogue.
Why were certain globally recognised Ukrainian IT companies and products excluded from the catalogue, and what was the rationale behind this decision?
The key requirement for a company or product to be included in the catalogue is that they must be ‘made in Ukraine’.
A company might not be included for several reasons: it is not Ukrainian and it was figured out during the selection (registered in another country, re-registration took place, etc.) or it does not meet other selection criteria:
The company's openness to receiving investments: it is the appropriate maturity of the company, its relative stability.
Product innovation or the company's own contribution to the technological component. To what extent the product is unique and competitive within the global market.How to contact us and get additional information?
We are open to cooperation. Please email us at au.gro.eniarkuti%40olleh or call +38 099 266 39 03