Innovative Healthcare in Ukraine
Healthcare is one of the most technologically advanced industries in Ukraine. Despite the Russia-Ukraine war, which began in 2014, and all of its adverse economic effects, there are still a substantial number of creative healthcare businesses in a variety of healthcare fields.
In this research, we examine the whole Ukrainian healthcare sector with a focus on innovative approaches in fields such as R&D, BioPharma, Clinical Research, Clinics, Diagnostics, and Digital Health. These include analyses of chosen market areas, the influence of war on their growth, an evaluation of the deployment of cutting-edge technologies, etc.
Discover the most recent trends in the Artificial Intelligence ecosystem in Ukraine in the report. Get the comprehensive coverage of companies, investors and tech hubs shaping the Ukrainian AI and DeepTech landscape in 2022. The report outlines key advancements in the field, gives an analytical assessment of future traction of the rapidly developing market in Eastern Europe, and sets the potential challenges and investment opportunities for upcoming years.
View the full picture of the entire DeepTech and AI market in Ukraine through the interactive mindmap. Get the wide mapping of 450 DeepTech and AI companies, nearly 270 investors and 26 tech hubs. Access interactive mindmap to find the market dependencies and valuable data across the whole DeepTech and AI Ecosystem in Ukraine.
Ukraine Has Become the Significant Player in the AI Market in Eastern Europe
Ukraine holds the leading position the in AI field across the Eastern Europe region in different parameters. According to the 2020 Oxford Government AI Readiness Index, Ukraine is currently the number one artificial intelligence provider in Eastern Europe with 150 recognized providers compared to Poland’s 110.
Partially Diminished Investment Potential
The US takes the lead in the number of investors in AI companies in Ukraine accounting for almost half of all investors. Two-thirds of companies have seed funding status whereas VC firms and angel investors make up half of all investors of Ukrainian AI companies.
Software Development Industry Leads the Market
The Software Development industry takes the biggest market share of 34% (81% of companies develop software). Also, about one-third of companies work in such industries as Social Media & Communication, Marketing & Advertising, and Big Data.
Governmental Initiatives Contribute to Further Growth of AI & ML Sector in Ukraine
The government officials has developed the National AI Development Strategy which take into account the best practices of leading countries. However, in Ukraine it was decided to prioritise human capital development (e.g. how to use the government education system more efficiently for work force in AI) and focus on several areas of AI, where the country can achieve a leading global position.
CHALLENGES AND SOLUTIONS IN DEEPTECH AND AI INDUSTRY IN UKRAINE
99% of surveyed companies need additional funding
37.4% of surveyed companies need relocation of the team
41.1% of surveyed companies don't have enough savings to continue working
the absence of defined specialization of Ukrainian AI market
the need for solid educational ground in AI & ML field
Collaborative Platform that could provide:
easy investors-to-companies matching
cooperation and support between companies
quantifiable assessment of the companies and specialized market intelligence for investors
conduction of investment rounds with ease
automated solutions for companies to track their relations with investors