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UK-UA TechBridge Memorandum Signed at Web Summit 2023

UK-UA TechBridge Memorandum Signed at Web Summit 2023

The Web Summit 2023 in Lisbon was a significant event for Ukraine’s tech industry. Drawing over 900 investors, 2,600 startups, and more than 70,000 visitors from 160 countries, Ukraine positioned itself as a reliable technology partner for global startups. The international tech community showed increasing interest in Ukraine, recognizing it as a promising investment destination and a source of extensive support and collaborative opportunities.

Ukrainian startups like Aspichi, birb, Stripo, Releaf Paper, and InVisionaryBox showcased their innovative solutions to contemporary challenges. Ukrainian representatives were proactive in engaging with potential partners, investors, and media.

A key highlight was the signing of the UK-UA TechBridge memorandum between the Ukrainian Ministry of Digital Transformation and the UK Department of Business and Trade. This marked the beginning of a new era in cross-border tech collaboration, with Ukrainian and British companies set to share experiences and collaborate on large-scale international projects. The UK-UA TechBridge initiative also aims to assist Ukrainian SMEs in pursuing investment opportunities and participating in grant programs.

Ukrainian startups were active in building connections, establishing over 1,000 contacts and attracting global investor interest. A notable achievement was S.Lab, a green packaging solution, making it into the TOP-10 of the Web Summit’s PITCH Competition.

Pavlo Kartashov, Director of the Ukrainian Startup Fund, emphasized that Ukraine is becoming an exporter of technological progress and is expanding opportunities for foreign startups. Participation in events like the Web Summit is crucial for driving this momentum.

Looking forward, Ukraine’s tech ecosystem aims to extend its influence, provide opportunities to international startups, and play a significant role in global technological processes. The country is keen to enhance cooperation and partnerships with international companies, investors, and startups to foster innovation and support the growth of its tech industry.

For updates and insights, connect with the Ukrainian Tech Ecosystem on Linkedin, Facebook, and Instagram.

This news was created in collaboration with Open AI’s GPT-4. 

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