Six Ukrainian companies have been chosen as recipients of Climate Innovation Vouchers (CIVs), a new mechanism aimed at the development and improvement of technologies reducing greenhouse gas (GHG) emissions and improving energy consumption in Ukraine.
Businesses and consultancies from Kiev, Dnipro and Lviv will receive vouchers worth €160,000 in total for innovations ranging from the introduction of new construction materials to the application of modern billing systems.
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.
Based in California with R&D offices in Ukraine (Kyiv and Odessa), Spinbackup was co-founded in 2014 by Dmitry Dontsov, a US serial entrepreneur with Eastern European roots. The startup presents itself as “a premier cloud-to-cloud backup and cloud cybersecurity solutions provider” for G Suite and Office 365.
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.
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.
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.
The deal between CIG and Foodout’s investor, the Gold Fish fund, has resulted in the creation of Foodout Group.
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.
As AI slowly seeps into various sectors, it was fairly inevitable that we would start to see the “AI for X” startups begin to appear. Thus “AI for small business social media” is now a thing, in the shape of PromoRepublic, a US/Finnish/Ukrainian startup which has now raised a $1.2M investment round.
More specifically, they bill themselves as a “WIX for a small business’s social presence”. So what does that mean? Effectively it’s a simple way to grow a small business with social media content.
Earlier this month DroneUA, a Ukrainian integrator of unmanned technologies, attracted an undisclosed amount of funding from several individual investors from the UK, Poland and Moldova. The investment went through Agricultural Systems Studio, a Kiev-based agritech software integrator which represented the investor pool.
The funding will be used to create what the investors hope will become the largest provider of unmanned technology services for agriculture in the country.