Startup investment in Central and Eastern Europe: A ground-breaking research

Already recognized for their engineering excellence, several countries of Central and Eastern Europe (CEE) are now emerging on the global startup scene.

Thus for the past couple of years Belarus, Estonia, Russia, Ukraine and some other countries of the region have seen their local companies assert themselves on the international market, raise considerable funding and/or be acquired by global companies.

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Ukrainian white hackers to support new Ukrainian-Turkish cybersecurity center

Earlier this month Ukrainian Defence Industry (“Ukroboronprom” in Ukrainian, an association of enterprises in the field of defence) has announced that it will launch a single center for cybersecurity with support from representatives of Turkish company Havelsan and Kyiv Polytechnic Institute.

“We created the most advanced cyber security center in Turkey ten years ago. We are ready to advise on creating an even better project in Ukraine in the framework of the Ukrainian-Turkish cooperation,“ said Havelsan’s director for cybersecurity.

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Ukrainian developers invited to Vilnius international hackathon (apply until April 24)

Developers from Ukraine and other Eastern European countries are invited to a 48-hour international hackathon to develop new IT solutions for the aviation and travel industries. Hacker Games Pro: Aviation will be held at Vilnius Tech Park on April 28-30. More than 100 participants are expected.

Teams will work either independently or in cooperation with travel and aviation experts, entrepreneurs and other mentors. At the end of the hackathon, participants will pitch their projects to a board of jury.

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Ukrainian public e-procurement system comes to Moldova

ProZorro, a public e-procurement system made in Ukraine, has been launched in Moldova by local Ministry of Finance with support from European Bank for Reconstruction and Development (EBRD).

After operating in a test mode for two months, M-Tender has processed 13 e-tenders and saved the state 97,000 Moldovian lei (almost $23,000 at the current exchange rate).

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Huawei opens R&D center in Kyiv

One of China’s largest manufacturers of smartphones and tablets, Huawei, will open an R&D center in Kyiv (Kiev). The news was reported earlier this month by Ukrainian online publication Liga Business which referred to Haojie Zhou, director at Huawei Ukraine.

So far, Huawei employs more than 450 people in Ukraine, according to Zhou.

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Ukraine to launch big blockhain deal with tech firm Bitfury

Ukraine has partnered with global technology company the Bitfury Group to put a sweeping range of government data on a blockchain platform, the firm’s chief executive officer told Reuters, in a project he described as probably the largest of its kind anywhere.

Ukraine’s deal with Bitfury will begin with a pilot project to introduce blockchain into the country’s digital platform. The areas being explored for the pilot project are state registers, public services, social security, public health, and energy, Valery Vavilov said.

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New report sheds light on QA outsourcing service industry in Central and Eastern Europe

The Central and Eastern European Outsourcing Association (CEEOA) has released “Central and Eastern European QA Outsourcing Review 2016-17” covering the latest trends in software quality assurance and testing, as well as application quality and testing practices across the region.

Belarus, Bulgaria, Estonia, Hungary, Latvia, Macedonia, Moldova, Poland, Romania, Serbia and Ukraine are covered by the research.

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Ukrainian student hackathon to explore innovative education technologies (Kharkiv, April 22-23)

On April 22-23, a 24-hour hackathon devoted to innovative IT solutions in education will be held in Kharkiv (Kharkov), Eastern Ukraine. Participants will pitch to the representatives of Ukrainian tech universities, IT business and venture funds to compete for a 30,000 hryvnia award (approximately $1,100).

Christened “IT-Eureka! Ukraine,” the event will attract Ukrainian student teams, which will create a prototype based on their ideas with support from mentors.

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New report sheds light on Ukraine’s tech investment scene

The Ukrainian Venture Capital and Private Equity Association (UVCA) has just released its Investors Book, a report that features data about local venture funds, accelerators, incubators, PE funds and other market players.

According to the report, 17 venture funds, six private equity funds and one corporate fund (HP Tech Ventures) currently operate in Ukraine.

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Corporate venturing and innovation: Ukraine invited to major event in London (May 23-24)

The GCV Symposium has asserted itself as the leading global event for corporate venturing professionals, attracting more than 400 business leaders every year.

This year, in partnership with Ukraine Digital News, a special Eastern Europe Session will highlight the growing connections between corporations and startups in these countries —  from incubation, to investment, to acquisition, to other forms of partnerships.

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