The IT sector was the third most important in the country in 2017, with national export volumes worth $3.2 billion.
Ukraine’s young millennial tech entrepreneurs are starting to go in a new direction to launch their own companies with global ambitions.
According to Emerging Europe, besides some already major success stories like Grammarly, Looksery and Readdle, newer Ukrainian entrants are now looking to compete outside the country: Ecoisme, Hideez, Petcube, PassivDom, Agrieye, Cardiomo and Delfast. And others are coming up fast like Hushme, Senstone, Getyu and Anryze.
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Ukrainian tech startups offer products and services in a wide variety of industries. Home energy management, cybersecurity, the IoT of pets, construction of autonomous smart houses, agtech, health care, transportation, wearable technology and speech recognition. Ukrainian millennials are developing new products that will push the boundaries of existing market niches while defining new ones.
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“Ukrainian IT has become a strong growth engine for the local economy. With the globalization of Ukraine tech startups, there is an excellent opportunity to establish a worldwide brand for the country that focuses on innovation, creativity and a high level of technical development,” the article concludes. “This will enable Ukraine to evolve from its reputation as the breadbasket of Europe to a technology development powerhouse with its own unique contributions to the global economy.”