Ukraine will develop startup ecosystems and attract investments thanks to Techosystem support

This was reported by the Ministry of Digital Transformation.

The Ministry of Digital Transformation, in partnership with Techosystem, will work to strengthen the IT industry's development in Ukraine.

"To this end, a memorandum has been signed, which provides for the stimulation of the development of the startup ecosystem, innovative infrastructure, and attraction of investments," the press service writes.

It is reported that among the first joint projects will be the Ukrainian Tech Ecosystem Overview platform. It allows collecting and verifying data on tech ecosystem participants, such as product and service companies, investors, accelerators, universities, and research centers.

Another initiative, according to the memorandum, will be the preparation of a delegation to participate in the SelectUSA Summit conference, where Ukrainian startups will be present.

"We continue to promote the IT brand in Ukraine and demonstrate its powerful potential at the international level," the Ministry emphasizes.

For reference. The startup ecosystem is an open dynamic system in which various companies play a key role. Ecosystems are supported by organizations, associations, and individual persons who influence the formation and development of startups.

• Nine Ukrainian startups will represent Ukraine at Web Summit 2023 in Latin America. The conference will be held from May 1 to May 4.