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Start-ups take off in Ukraine

Start-ups are rapidly developing in Ukraine with many companies attaining million dollar investments. Thus, some of the very popular tech products on the market are ones you may not realise originate in Ukraine. For the moment they are just the tip of the iceberg, as the public and private sector are seeking ways to cultivate Ukraine’s emerging entrepreneurial spirit even more.

In the IT world, Ukraine is usually perceived as a country for outsourcing, where programmers work for somebody else’s business instead of starting their own. This theory no longer holds true as more and more Ukrainians have showed that they can become entrepreneurs too. Many have established new start-up companies and some even go through the seven circles of hell to get investments. They fail, they succeed, but they do not give up trying. You may even recognise some of the Ukrainian products which have managed to succeed on the global market, even though you probably did not know that they came from Ukraine.
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January 2, 2018 - Yulia Lipentseva - Issue 1 2018MagazineStories and ideas

Photo: Jacob Bøtter (CC) www.flikr.com

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