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Rise of the Technology Nation:
Ukraine tech key findings and sector highlights
Yevgen Sysoyev Managing Partner AVentures Capital [email protected]
Source: High-Tech Ukraine 2015
Despite odds, Ukraine software tech miracle is growing fast
Ukraine software tech industry is booming these days and our country is increasing its role in the global knowledge economy
Dec 29, 2014Nov 24, 2014
Snapchat acquired startup Looksery for $150MM
September 15, 2015
Looksery – a two and a half year-old company from Odessa, Ukraine
Invest Ukraine? IT Sector? now? Georges Soros said: yes, yes, yes
November 18, 2015
So what is going on? Rise of Technology NationDecember 16, 2015
http://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
Ukraine has the largest and fastest-growing number of IT professionals in Europe
Ukraine IT engineering work force is expected to double to over 200,000 by 2020
Ukrainian talent can offer a wide range of engineering capabilities
US market is the main destination for Ukrainian IT firms, with an estimated 80% volume of exported services
Over the past year, Ukraine has significantly improved its status in international business venue rankings
Ukraine has the long history of country of innovation and now it is unleashing its potential in IT space, again
Key Findings: Pre-release 210-pages research “Rise of the Technology Nation”
Ukraine IT sector delivers value to fortune 500 companies & beyond…
IT COMPANY BASED IN UKRAINE SELECTED CLIENTS
Ever growing number of Fortune 500 companies, and beyond, directly or indirectly has a software shop in Ukraine
Software R&D in Ukraine is of highest world-class quality and certainly very competitive compared to rest of world
…to US & EU largest corporations, tech companies and startups
IT COMPANY BASED IN UKRAINE SELECTED CLIENTS
Those international players who come for R&D in Ukraine, remain long-term partners and happy customers
While many international companies even set up R&D centers in Ukraine
America Europe Asia
100+ global companies has already established R&D centers in Ukraine Ukraine can still offer large pool of engineers for new R&D centers
Growing number of Ukrainian startups become successful internationally
VERTICAL SELECTED COMPANIES
Web
Mobile
Enterprise
A decade ago, to succeed in the US market, one had to leave Ukraine. So many Ukrainians left and went to US, Canada, Israel where they built large tech businesses
These days more and more talent stays locally to build global tech business, particularly targeting US market
Appearance of first few Ukrainian “Unicorns” is on a horizon, I start the countdown…
With many of these startups generating 99% revenue globally and having HQ in USA
DESCRIPTION
REVENUE STRUCTURE
R&D OFFICE
HQ AND SALES OFFICES
IoT company that develops interactive pet monitor systems and mobile pet lovers community
Online marketplace for digital images, the leading player in
emerging markets
A leading provider of software-defined storage for
Hyper-V Microsoft environments
99% - global markets 1% - Ukrainian market
99% - global markets 1% - Ukrainian market
99,9% - global markets 0,1% - Ukrainian market
25 1 250 56
6 20 6
I’m personally proud to be part of these success stories out of Ukraine
Online, enterprise, consumer, mobile, IoT, payment, SaaS – all kinds of international software tech companies emerge from Ukraine
Fast developing sector across all dimensions …
Increasing number of R&D centers in
Ukraine
Increased delivering of world class software
globally
2,000+ startups = Increased
internationally success
Continued VC investment activity and
international M&A activity
2X increase for MCap of EPAM and Luxoft
(R&D in Ukraine)
Tech sector is accelerating the transformation of Ukraine
… so IT sector is transforming the Ukrainian economy and the country as whole
IT services export ranking IT services export ranking
2014F 2025E 2014F 2025E#1 #1 #7 #1-2
Share of IT in Ukrainian exports to the US stood at 40% in 2014
IT services is #1 export item to the US and will remain so in 2025
Share of IT in total Ukrainian exports was ca 4% in 2014, while it was close
to zero a decade ago
By 2025 IT services might become #1-2 export item in the total export
structure of Ukraine
…and it is already an important part of global tech value chain
#1 in CEE by # of developers and
$ volume
#1 size of working population in CEE
TOP 7 country with the most engineering
graduates
TOP 3 by earnings of freelancers
at eLance-Odesk platform
Thanks to the strong technical education, Ukraine has superior human capital. Its workforce of 100,000 IT professionals is world class and fast growing
Ukrainian IT sector is playing an increasingly important role on in a global knowledge economy
Who are those 90,000 IT professionals?
What do they do in IT?
60%
Which city are they based in?
30% 4% 3%Outsourcing Freelance
Product Startup
Roles
Manager Developer Q&A
14%
55%
11%
11%44%
15%
8%
8%
LvivKyiv
Kharkiv
Dnipropetrovsk
Odessa
Which gender are they?
14% 86%
They have high education and speak 3-4 foreign languages, interact with the outside world every day and help to build “new Ukraine” and its knowledge economy
With average age of less than 30 years and x5-10 higher salaries than its peers, they form Western minded middle class who is putting pressure for reforms
BrainBasket Foundation: Best investment is always education into people
New wave of social educational project Coding for Future for refugees and military conflict participants
Technology Nation – is a pan-Ukrainian educational project that allows anyone to study computer programming for free
“How to get in IT” – “live” video meetings for those who wants to get into the world of IT, but do not know how to start.
School Boost is a project that stands for improvement of the quality of teaching of IT in schools
BrainBasket goal is to educate 100,000 more IT professional within next 5 years, or double the engineering workforce in Ukraine. This is what being done as we speak
JOIN US - SUPPORT UKRAINE!
WhatGlobal conference to promote Ukrainian Technology EcosystemTwo tracks: Startups & Distributed DevelopmentWhereSilicon Valley, San Francisco Bay AreaWhenApril 21, 2016
Target Audience• Technology and business leaders of
US-based companies interested in working with global technology expert;
• Ukrainian based technology companies interested in US market exposure
QuestionsZhenya Rozinskiy 818-272-8232 [email protected] Bilogorskiy 408-203-4323 [email protected]
Bridging Ukrainian IT sector with partners, investors and customers in Silicon Valley
Global World Tech Conference: join us!
Set up your R&D in Ukraine, tell your CTO-friends ☺
Invest in Ukrainian tech, enjoy returns ☺
Support the education initiative BrainBasket, help Ukrainian people ☺
Have an idea for startup? Get MVP quickly and efficiently with Ukrainian outsourcing firms ☺
Your ideas are welcome too!
We are doing all of the above, so ask me questions!
How can we work together?
Contacts
Yevgen Sysoyev Managing Partner AVentures Capital [email protected] @YevgenSysoyev http://www.slideshare.net/YevgenSysoyev
ONE-STOP ROYALTY-FREE CONTENT SOLUTION
Growing Global from Ukraine
Company snapshot
31
• Fast growing microstock agency since founding
in 2009
• >250 employees in New York, Kiev and sales
offices in Milan, Warsaw and Moscow
• Over 40 million of media assets (stock photos,
images and footage)
• 1.5 million of digital content added monthly
• Have customers in every single country
Royalty-free stock photos, vector images and footage marketplace
Application for uploading mobile content Launched in March 2013
O n l i n e m a g a z i n e a b o u t photography as a business Launched in 2014
KEY FACTS
Business model: marketplace
32
50K+ 3M+
Adds mobile content Adds customers and awareness
MEMBERS
Market distribution
33
Indoor and Outdoor advertising TV commercials
Packaging
Print-on-Demand
Media
Publications
Book covers
Presentations… and many more
NOTABLE CUSTOMERS & PARTNERS:
Our journey
34
2009 2010 2011 2012 2013 2014 2015 2016
1M images
Editorial 5M images 20M files 4k video
40M files
Footage 11M files 30M files Audio
Depositphotos was founded
Free Trial Pay-by-SMS
$3M investment by TMT
Investments
1M members Launch of Clashot
3M members in 192
countries
APIiOS and Android apps
Bird In Flightmore to come…
Our Team
3537
ELENA FLANAGAN-EISTER CEO
VADIM NEKHAI VP of Global
Business Development
MARIA BARSUK CFO
New York, USA USA HQ
Kiev, Ukraine European HQ
Warsaw, Poland Sales Office
Milan, Italy Sales Office
Moscow, Russia Sales Office
OUR SALES OFFICES :
DMITRY SERGEEV Founder & COO
New York, USA Sales office
ANNA ZAKHARCHENKO Head of Sales
Contact information
36
http://depositphotos.com/
Vadim Nekhai
VP, Global Business Development [email protected]
39
What is IT Cluster?
40
41
Cluster is an organism that ensures the region's eco system and
competitiveness of its key participants.
“An establishment of common rules of the game, an impact on regulatory
policy; joint marketing (especially in overseas markets); formation of social
demand for education; transparent quality standards, arbitration courts and
much more – is the result of cooperation in clusters” (c) V. Pekar
42
Entry Point to Odessa IT
43
IT Companies in Odessa
44
Why Odessa?
45
46
Startups Born in Odessa
47
Website: http://it-cluster.od.ua
Facebook: facebook.com/IT.Cluster.Odessa/
Contact Lyuba at [email protected]
