For the fourth year in a row, Ukraine’s tech sector is represented at Web Summit 2024 in Lisbon, which will take place on November 11-14.
Resilience during the war
Despite Russia’s full-scale invasion, Ukraine’s tech sector has shown remarkable resilience and unity. With more than 300,000 highly skilled professionals and about 5,000 players, the industry is one of the key sectors in the country’s economy.
“The team of the Ministry of Digital Transformation has formulated a new mission – to build the most convenient digital state in the world for citizens and tech businesses. Ukraine is not only a country with services in a few clicks, but also a country where innovations and IT business are a significant part of the economy,” says Mykhailo Fedorov, Vice Prime Minister for Innovation, Education, Science and Technology of Ukraine.
In his opinion, the Government’s task is to create all conditions for technology development, attract investments, establish international partnerships and build the brand of a technological country in the world.
Photo by Herman Bogapov.
Ukrainian startup system
The Ukrainian delegation at Web Summit in Lisbon will be represented by 24 promising startups in many verticals, from cleantech and energy to AI and healthcare. Among them, for example, is Beholder, which develops a set of neural networks for mineral exploration. Bliss Brain creates personalized meditations with the help of artificial intelligence. In turn, Cardiomo demonstrates a solution for monitoring heart health. Other startups showcase equally interesting new products.
“The Ukrainian startup ecosystem, which includes more than 2,600 startups, is growing rapidly and confidently asserting itself in the international arena. 72% of IT companies create products that are used all over the world, emphasizing our global competitiveness,” says Natalia Kusherska, Acting Director of the Innovation Development Fund.
That is why, according to her, the Foundation, together with its partners, is actively working to expand opportunities for Ukrainian startups to present their innovations at leading technology exhibitions. This provides a powerful impetus for attracting investment, strategic partnerships, and entering international markets.
In 2023, Ukraine’s tech sector was ranked 46th in the top 100 countries according to the Global Startup Ecosystem Index by Startupblink. To ensure its further growth, much attention is paid to facilitating access to funding and resources for founders.
Supporting startups
“We remain committed to supporting Ukrainian startups that make a huge contribution to the country’s economic growth despite the military challenges. Through strategic partnerships with key ecosystem players, we are opening up significant opportunities for the development of Ukrainian innovations and their scaling into successful companies,” says Anton Vashchuk, Director of the Innovation, Education and Entrepreneurship Program at the Ukraine-Moldova American Enterprise Fund.
For the Ukrainian tech sector, Web Summit remains one of the main international events. It is one of the most powerful platforms that gives startups access to partnerships and investments.
“Nowadays, it is more important than ever to make Ukraine known on the international stage. We need to showcase our achievements and developments, consolidate our efforts and maintain contact with the world. This is the only way to build stable, strong cooperation and economic independence,” says Olena Bakalo, co-organizer of the Ukrainian delegation.
She is proud to organize the participation of the Ukrainian delegation at Web Summit for the fourth time.
The world should know Ukraine, the world should know the best!
The participation of the Ukrainian delegation was made possible through joint efforts: co-organizers – the Ministry of Digital Transformation of Ukraine, the Ukrainian Startup Fund and the Ukraine-Moldova American Enterprise Fund, the main partnerEpicenter Group of Companies, and partners – Nova Digital, Nova Post, the European consortium Seeds of Bravery, StrategEast, Digital Ukraine and the Embassy of Ukraine in Portugal.
Startups represented
- Beholder – an AI startup that can build accurate three-dimensional geological models that indicate the most promising places for mining
- Bliss Brain – an AI application that creates personalized meditations based on the user’s needs and preferences
- Cardiomo – a revolutionary AI technology for health monitoring that allows to remotely monitor and predict critical changes in cardiac activity in real time
- Cartum – an all-in-one platform for launching and managing online stores of various sizes
- EDMAPS – a platform that makes the learning process for children as interesting and exciting as a computer game
- FlyAgData – a system that collects engineering and agronomic data online and turns it into valuable analytics for farmers
- Generect – a product that collects and validates data on potential customers from social networks and communicates with them via email marketing services
- JustSpeak AI – a personalized AI tutor that teaches English right from your smartphone
- Karpatia – an insurance broker that helps companies launch and manage insurance
- Metaenga – a VR training platform for advanced training of engineering and technical staff
- NewsCatcher – a service that provides processed news from 90,000+ global and hyperlocal sources
- Pricer24 is an analytical platform that provides traders, suppliers, and distributors with timely and efficient market intelligence
- Qudi Mask – a mask that allows you to create a personalized AI avatar in real life
- SplineCloud – an open web platform for knowledge sharing and management for engineers and scientists
- Streamline – an AI platform for manufacturers, retailers, and distributors that can plan supply chains
- Swapp – a marketplace for selling used clothes
- The Great Catalog – a service that contains a large library of models, from furniture to landscape design and exterior elements
- tTravel – an application that allows you to buy unique travel itineraries from active travelers, store your travel memories, track your achievements and monetize your experience
- VanOnGo – a solution that digitizes retail delivery processes
- Verba – an application for generating subtitles with flexible style customization
- Hearify – a web-based platform for creating personalized learning materials such as quizzes, flashcards, or roadmaps
- Medvoice – an online platform that provides healthcare professionals with accessible, personalized and accredited training opportunities
- MISTO – a product focused on meeting the needs of residents and city administrations, specializing in public safety, urban mobility and digital city services
- Mariya.ai – a personalized AI therapy platform that provides confidential 24/7 mental health support tailored to the user’s needs
