Ukraine launches Council of Innovations, considers creating fund of funds

In a meeting on July 21 with industry representatives, the Ukrainian Prime Minister Volodymyr Groysman supported the idea of creating a fund of funds to develop innovation the country.

The government will draft the concept in connection with the Council of Innovations, which should be launched shortly. Should the plan be finally approved, the state budget could potentially contribute to the fund of fund, Groysman said.

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High-level networking event to gather tech companies and investors from across Europe (Monaco, Oct. 5-6)

Small and big startups from Eastern Europe, including pre-IPO ones, have an opportunity to present themselves to a bevy of high-level international investors, tech journalists, and financial analysts in Monaco on October 5-6 in Monaco.

Monaco Tech Invest will organize 30 pitches from select tech companies, and 300 one-to-one meetings to match some 150 attendees.

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EBRD provides $5 million loan to Ukrainian poultry producer for more efficient and eco-friendly processes

The EBRD is providing a $5 million loan to the Ukrainian poultry producer Dniprovska Agri Group (DAG) for the construction of a biomass boiler, which will improve the company’s operational and environmental performance.

Located in Nikopol in the south of the country, the family-owned DAG is Ukraine’s third-largest poultry producer and is also active in oilseed crushing. The new biomass boiler will use poultry manure from the company’s farms and help optimize its energy-supply mix as well as reduce its operating costs.

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Kyivstar displays its “innovative DNA” with 2nd startup acceleration program

Telecom-accelerator 2.0, a joint project by Ukrainian technological cluster Radar Tech and major telco Kyivstar, announced the start of its second acceleration program for Ukrainian startups earlier this month.

Eleven startups have been selected out of 34 applications to participate in the project.

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International tech investor lists 199 top Ukrainian industry figures

Kirill Mazur, managing partner at Imperious Group, a venture capital company operating in the US, Israel and Eastern Europe, has recently released the second edition of his personal list of the most active supporters of Ukraine’s startup ecosystem in 2017.

The listing includes 199 venture investors, tech entrepreneurs, event organizers and journalists (up from 110 last year) who reside both in Ukraine and beyond.

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Ukrainian-American Kitcast raises $500,000 to create “the data-driven future
 of digital signage”

Kitcast, a US-based startup with Ukrainian roots, has just secured $500,000 from Ukrainian investment fund SMRK, as confirmed to Ukraine Digital News by the company’s CEO Egor Belenkov.

Kitcast’s digital signage application for AppleTV uses machine learning algorithms to help its users “create and deliver smart content to any screen” with no need to use bulky and expensive hardware. The app makes sure that the right content is shown to the right people, which “increases your sales, brand awareness, and customer engagement,” the startup claims on its website.

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NATO allocates €1 million to support Ukraine’s cyber security

Last week the Ukrainian Security Service (SBU) announced the completion of the first phase of the NATO Trust Fund’s project on cyber defense for Ukraine.

As a result of the first phase, specially-equipped centers have been created at SBU and the State Service of Special Communication and Information Protection of Ukraine to counter cyber threats.

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Ukrainian Eda.ua merges with Baltic Foodout: The Eastern-European food delivery leader consolidates

Last week Chernovetskyi Investment Group (CIG), a Ukrainian investment company, announced that its portfolio company Eda.ua has merged with Foodout, a major food delivery player operating in Baltics.

The deal between CIG and Foodout’s investor, the Gold Fish fund, has resulted in the creation of Foodout Group.

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Fintech startup born in Ukraine and raised in Singapore closes series A round

Fintech startup Turnkey Lender has raised an undisclosed amount from  Palo Alto-based Vertex Ventures, reports TechinAsia. Turnkey Lender gives financial services providers a cloud-based solution for managing the loans that they give to their clients and customers. It uses machine learning technology to analyze and assess loan applicants.

Launched in Ukraine by Elena Ionenko and co-founder Dmitry Voronenko back in September 2013, the startup later moved its headquarters to Brussels and secured a client base from across Europe.

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Ukrainian startups called to exhibit at CES 2018 Ukraine Tech Expo (deadline: August 31)

The Ukrainian Venture Capital and Private Equity Association (UVCA) and the Western NIS Enterprise Fund (WNISEF) are announcing the UVCA Challenge: CES Edition 2018, which will be held in September 2018 in Kyiv (Kiev).

The ten best startups, up from eight teams last year, will receive the opportunity to exhibit for free at the Ukrainian Expo of the International Consumer Electronic Show in Las Vegas in early January 2018.

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