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CURRENT STATE OF TECH INDUSTRY
The tech market in Ukraine has experienced significant growth over the recent years, with the most active dynamics over the past 5 years. In March 2023, the IT export volume increased by 9.7%. This brought $53 million more to the Ukrainian budget compared to February. In addition, these indicators are 15% or $79 million higher compared to March 2022. By 2025, the number of IT individual entrepreneurs is predicted to rise to 347,000.
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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