ukraine computer screen

Why we are undervaluing Ukraine’s tech scene

Over the past five years or so, Ukrainian outsourcing companies have developed a solid understanding of the US business environment and the US startup sector, and it’s paying off, writes Evgeniy Vyborov, a figure of the Ukrainian tech scene, in the Hunffington Post.

The Ukrainian startup scene is stronger than ever despite its economic and political woes, Vyborov believes. Total venture investment in Ukrainian startups increased 237% year-over-year from 2014-2015, after having dropped in 2013-2014, he notes, refering to the latest Ukraine Dealbook report.

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Kickass torrents

US authorities charge Ukrainian owner of top file-sharing site with copyright infringement

U.S. authorities have charged a Ukrainian citizen, the alleged owner of the world’s most visited illegal file-sharing website KickassTorrent, with criminal copyright infringement and have seized domain names associated with the website.

Artem Vaulin, 30-year-old from Kharkiv, was arrested on July 20 in Poland and was charged under a criminal complaint filed in the U.S. District Court in Chicago.

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ecommerce ua

Ukrainian e-commerce to be discussed in Kyiv (October 27)

On October 27, Kyiv will play host to the anniversary 10th edition of eCommerce2016, a major Ukrainian e-commerce conference. Some 800 attendees are expected, including top managers of Ukrainian online retailers.

The event will cover a variety of topics, including market research, website promotion, social commerce, analytical tools, and CRM.

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First cybercops graduate in Ukraine

They’re not robocops from the movies, but 84 graduates of a special four-month cyberpolice course, who on July 17 started serving in Kharkiv at a special police department devoted to online law enforcement and security.

The 84 new cybercops include 20 special IT agents and 64 inspectors who will “ensure the online security of every citizen of Ukraine,” form the “image of the nation’s law enforcement in the international cyber arena,” and “fight cybercrime,” the National Police says.

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Altran acquires Ukrainian-Amercian software development firm with “elite engineering teams”

Yesterday Altran announced the acquisition of Lohika, a Silicon Valley-headquartered software development company with Ukrainian roots. The acquisition is expected to be completed in 2016 and is subject to customary closing conditions.

Altran expects this acquisition to increase its revenues in North America by more than 40% by the end of 2016. It will also make the USA the second largest region for the group on a revenue basis.

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Oxy Taxi

Electric car taxi service launched in Kyiv

Electric car retailer Oxygen Group has launched Oxy-Taxi, the first electric car taxi service in Ukraine. The company provides clients with electric taxicabs, and says it will expand its fleet to 50 vehicles over the next three months.

The eventual goal is to have 500 cars, including ones manufactured by U.S. company Tesla Motors, and to make an initial public offering (IPO) in three years, says Oxygen Group and Oxy-Taxi CEO Alexandr Vovk.

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Startup Hub Warsaw

Startup Hub Warsaw invites Ukrainian startups to free acceleration program (application until July 24)

This summer Startup Hub Poland, a major innovation hub for Central and Eastern Europe, will help the most interesting scientific and business projects from the region develop and increase their investment chances in the near future.

Ukrainian startups are cordially invited to take part in this free acceleration program next month in Startup Hub Warsaw. In partnership with such major organizations as Facebook and Orange, this program features comprehensive workshops with the best mentors and industry experts.

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Content marketing startup PromoRepublic secures €400,000 and launches in the US market

PromoRepublic, a Finnish startup with Ukrainian roots, has just secured €400,000 from a pool of investors from the two countries. These include Finnish business angels Sampo Parkkinen and Pekka Koskinen, startup accelerator and fund Vendep and government agency Tekes, as well as Ukrainian fund Digital Future.

An initial €100,000 capital injection from Pekka Koskinen, Vendep and Tekes took place in September 2015, PromoRepublic co-founder and CEO Max Pecherskyi told Ukraine Digital News.

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MasterCard launches e-wallet in Ukraine

U.S. multinational financial services corporation MasterCard has launched its digital wallet service, MasterPass, in Ukraine. Ukraine on July 15 became the 32nd country in which the electronic service has been introduced.

MasterPass is an online service that helps users pay electronically with any bankcard or electronic money from one place.

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US neuroscience startup Thync launches R&D in Ukraine

Last month California-based startup Thync launched an R&D center in Dnipro, a large industrial city in the south-central part of Ukraine (formerly know as Dnipropetrovsk), to develop mobile products, reported Ukrainian tech blog AIN.UA.

Thync’s electronic wearable device stimulates nerves with low-level electrical pulses to change a person’s state of mind. The device works by neurostimulation techniques such as TENS and tDCS, according to the company.

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