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CURRENT STATE OF TECH INDUSTRY
IT market in Ukraine experiences a significant growth over the last 10 years, with the most active dynamics during the last 5 years. As of beginning of 2022 Ukraine demonstrates the growth rate of the IT services market at 20-25% annually.
KEY PROBLEMS AND CHALLENGES FOR AI MARKET AND STARTUPS IN UKRAINE
The need for solid educational ground in AI & ML field
Only few Ukrainian universities have divisions focused on AP & ML. Those institutions that have decent educational programs most are private.
The migration of new business outside the country
Young entrepreneurs consider the United States or European countries to be the best environment for their business development. And that's why they implement their business ideas abroad.
Ukrainian AI market requires managers with fundraising experience
The culture of IT-product entrepreneurship in Ukraine is quite young. Ukrainian entrepreneurs in some cases may have less experience, product development organization and skills in
fundraising.
Lack of government incentive
Today, Ukrainian legislation is not at all adapted to work with startups, the venture capital market and their respective development.
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