This Ukrainian startup wants to help you eat healthy

Some cool food startups are now emerging from Ukraine – a country which has been traditionally known as the farming superpower of Eastern Europe.

Recently we reported on AgriEye and Drone.ua. The previous offers a full-cycle land farming solution; the latter is an integrator of unmanned technologies which aims to become the largest provider of drone services for agriculture in the country.

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German development fund backs Ukrainian SMBs

Last month, DEG, the German Investment and Development Corporation, announced that it will provide a total of $10 million to the Emerging Europe Growth Fund III (EEGF III) to support Ukrainian SMBs.

The EEGF III fund – whose target size in $150 million – invests into export-oriented industries, in particular in the fields information technology, light manufacturing and food.

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Mastercard launches incubation program for fintech startups in Ukraine

Mastercard has teamed up with 1991 Open Data Incubator, Ukraine’s first incubator for Open Data projects launched in early 2016, and National Bank of Ukraine (the central bank, or NBU) to launch a free incubation program for fintech startups. The program kicks off in October and will last till January 2018.

Dubbed ‘Fintech Master,’ the initiative aims to develop innovative fintech solutions based on open data provided by a variety of financial institutions, including the NBU, and Mastercard’s technological solutions.

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Mail.Ru Group has lost 1.5% of its annual revenue after being banned in Ukraine

In its unaudited IFRS results made public last month, Mail.Ru Group, a leading LSE-listed Russian Internet group, has estimated “the negative effect of the blocking of its services in Ukraine in Q2 is around 1.5% of total revenues in 2017.”

In mid-May, Ukrainian President Petro Poroshenko signed a decree applying sanctions to 468 legal entities and 1,228 individuals from Russia.

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Ukrainian startup raises over $10 million through ICO to “match the virtual and real economies”

The Ukrainian startup DMarket, which presents itself as the first global marketplace for in-game content, raised almost $11 million, bonus tokens excluded, in just four days through an ICO (Initial Coin Offering) launched in mid-August.

The first million was secured just 17 minutes after the launch of the public token sale, reports Ukrainian tech blog AIN.UA based on its exchanges with the startup.

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Beautiful Ukrainian mechanical models attract undreamt amounts via Kickstarter

Ugears, a Ukrainian startup offering wooden 3D puzzles for adults and kids, has raised nearly $300,000 from 2,954 Kickstarter backers – far above its crowdfunding goal of $15,000.

The funding will be used to finance Ugears’ new model Hurdy-Gurdy, which is presented as “the world’s first mechanical musical model for self-assembly and play.” In addition, the backers have supported the manufacturing of two other Ugears’ models – a date navigator and treasure box.

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Ukrainian drone maker launches professional union for drone journalists

Last week Drone.ua, a Ukrainian integrator of unmanned technologies, announced the launch of the Professional Union of Drone Journalism (PUDJ), the first of its kind in Ukraine.

The NGO, created in cooperation with the Independent Media Trade Union of Ukraine (IMTUU) and the International Federation of Journalists (IFJ), aims to unite journalists’ interests and to formulate ethical standards for drone usage.

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Ukrainian MacPaw acquires Finnish archive extractor The Unarchiver

MacPaw, a Kyiv (Kiev)-based Mac software development company serving more than five million customers worldwide, has bought the file unpacker for Mac users The Unarchiver. The terms of the deal, which was announced earlier this week, have remained undisclosed.

With millions of clients around the world, the Finnish app claims to be among the top apps in the App Store.

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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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