Ukraine finally battens down its leaky cyber hatches after attacks

When the chief of Microsoft Ukraine switched jobs to work for President Petro Poroshenko, he found that everyone in the office used the same login password. It wasn’t the only symptom of lax IT security in a country suffering crippling cyber attacks.

Today discipline is far tighter in the president’s office. But Ukraine – regarded by some, despite Kremlin denials, as a guinea pig for Russian state-sponsored hacks – is fighting an uphill battle to keep state institutions and systemic companies safe.

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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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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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PassivDom 3D prints smart homes that run off-grid on solar power

Imagine being able to buy a house, have it built on any piece of land you have access to, and then moving in — all in one day. The house generates its own power from solar panels on the roof, comes with in-built, off-the-grid sewage and plumbing, has its own climate control system that keeps it at just the right temperature year-round, and it’s built of non-corrosive, recyclable materials guaranteed to last at least 40 years.

On top of all that — many of the parts of the house are created by a 3D printer.

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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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