International Category: International

EU and EBRD start €1 million program to support Ukrainian clean energy projects

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.

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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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Google rolls out flight booking search service in Ukraine

Google has rolled out its web service for searching for and booking airline flights in Ukraine. Called Google Flights, the service was available to Ukrainians before on Google’s main site, but starting from Sept. 6 the U.S. tech giant launched it on the Ukrainian domain “.com.ua” offering an interface in Ukrainian and prices in hryvnias, the country’s national currency.

The online flight booking search service supports the purchase of airline tickets through third-party suppliers.

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Local and international players to discuss blockchain technology in Kyiv (October 12)

On October 12, the Ukrainian capital will host the fourth edition of the international Blockchain & Bitcoin Conference Kiev, a leading industry event. Some 1,000 attendees from Ukraine and neighboring countries, as well as from Europe and the USA, are expected.

The conference will bring together local and international experts, developers, investors and blockchain startup founders.

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AVentures Capital invests in Spinbackup to “change the paradigm of data security”

AVentures Capital, a major early stage venture capital fund based in Ukraine, has just announced a $500,000 investment in Spinbackup, startup which has developed a cloud data protection technology.

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.

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Ukrainian startups invited to Challenge Cup 2017 (apply until Sept. 8)

Startups from Ukraine and neighboring countries are invited to apply to participate in the global startup competition Challenge Cup 2017 to be hosted on September 22 in Vilnius, Lithuania.

In total up to 20 startups will be selected to present their project in a live pitch competition in Challenge Cup Vilnius. Projects are invited to apply until September 8.

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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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Online innovators, developers and designers to meet in Tallinn (Sept. 8)

Front-end developers, designers, online innovators from across Europe, including Ukraine, are invited to the third edition of the Refresh conference in Tallinn on September 8. This event will bring together some 500 professionals in the Estonian capital.

Presented as an innovative community event for specialists who strive to build products their clients would love and actually want to use, the conference aims to increase product building competency in the region and inspire people to build valuable things on the web.

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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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