Bloomberg: Ukraine Seeks IT Investment at Web Summit as War Rages Back Home

Ukrainian startups and officials have descended on Lisbon this week to Europe’s largest tech conference Web Summit, seeking investment and exposure for their country’s IT sector even as the war with Russia rages at home.

  • Ukraine’s tech sector has grown this year despite the war, now in its ninth month. An IT Ukraine Association poll found 61% of tech professionals were forced to relocate due to the war, with 14% moving abroad. The survey found that most plan to return to Ukraine when the fighting ends.
  • Minister for Digital Transformation Mykhailo Fedorov shared a stage at the event with Microsoft Corp. Vice Chair and President Brad Smith, who said the US tech giant will provide Ukraine with support worth $100 million next year, bringing the total to over $400 million since the invasion.

  • Kirill Bondar, the chief financial officer of Ukrainian startup hub UNIT.City : “When you have a full-scale war in a country, it’s difficult to be successful. We’re just preparing our business for the time after victory.”

Read more via Bloomberg News

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Support Ukraine!
  • Come Back Alive is one of the largest charitable foundations that supports Ukrainian soldiers, founded by the IT specialist Vitaliy Deynega. The organization collected more than 210 million UAH (more than $7M) in 2014. According to Na chasi, the Patreon page Come Back Alive is in the top ten projects by the number of financial donations.
  • MacPaw Development Fund
  • Army SOS, which develops drones;
  • Everybody Can, an organization that supports internally displaced people;
  • Help on the Ministry of Defense website.