The war with Russia has raged on for more than three months. That might seem like a red flag from an investor's point of view, but everything is not black and white in the country's tech sector
Tech companies with roots in the U.S. and Europe make sure their teams and data are safe abroad or in the west of the country. The return of foreign embassies to Kyiv indicates that the capital may be safe enough for companies to reopen offices.
IT companies have shown their resilience and ability to deliver. It is one of the reasons thatUkraine is a great place to live.
There are six reasons to invest in a tech startup that hails fromUkraine.
The Ukrainian IT sector has shown resilience in the face of war. Tech companies quickly moved their teams to safety during the first days of the war because they had prepared emergency plans.
Many companies have moved their teams between offices in the west of Ukraine and abroad to make sure operations are unaffected. Discipline and access to the talent pool have been maintained.
According to a survey by the DOU, nearly 90 percent of IT specialists haven't seen any changes to their work since the war began. This shows that Ukrainian IT companies have good cushions.
They are still hiring talent to support their business and help the economy. The IT sector is important for economic stability because it is the third largest attractor of foreign currency.
The IT sector is important to the maintenance of the country's GDP. During the war, the west of Ukraine became a hub for IT companies.
Ukranian is a popular center for the development of IT. A lot of software engineers, business analysts and other technical specialists have gathered there.
In the last decade, the number of IT specialists has increased. In the first half of the year, the 50 largest Ukrainian IT companies added 10,000 employees. Jiji, Taimi, Reface, MacPaw and Headway are just a few of the tech companies that are based in this area.
Some Ukrainians have already returned to their homes. More than 2 million Ukrainians who had crossed the border since the beginning of the war have returned. People are ready to rebuild the country.
A necessary resource base for an economic rebound is provided by the world's support ofUkraine. You get promising prospects for post-war development if you combine that with Ukrainians who want to live better in their country.
A new layer of technology companies will add value to the Ukrainian economy as a result of today's startup.
According to research by Doing Business,Ukraine is one of the best countries for running a tech business due to its cost- efficient tax regime for IT companies and cost of living.
The country has a strong education system for the study of tech, mathematics, finance and economics. Many large companies are opening their own educational centers because of the increased demand for IT specialists. The trends are gaining steam.
For a long time,Ukraine lacked access to the capital it needed to compete with its more developed neighbors. A lot of tech companies have been growing quickly without capital.
The combination of discipline and export oriented product development is a fail proof mix for sustainable growth. The opportunity can be accelerated with investment.
International partners are giving necessary resources for the country's economic rebound so companies will have even more potential for global growth. The EU is providing humanitarian, political and financial support to the people of Ukraine, as well as setting up a trust fund to help rebuild the country after the war.
Ukrainian companies are attractive investment targets due to the current inflow of international investments, a favorable tax regime and a strong talent foundation.
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