Ukraine has the potential to become Europe’s top hub for information technology and other innovation-based industries. Some major private sector businesses have already chosen Ukraine as the site of their research and development centers; among them are Aricent, Boeing, Ericsson, Oracle, and Siemens. Private business initiatives in Ukraine have given birth to well-known startups like BPMOnline, DepositPhotos, Grammarly, InvisibleCRM, Jooble, Looksery (acquired by Snapchat in 2015), MacPaw, Paymentwall, Readdle, and Starwind Software.
Already, the number of IT specialists in the country, 90,000, is the highest in Central Europe, and there are more than a thousand IT service companies in Ukraine. The value of software and IT services outsourcing exports reached $2.5 billion in 2015, putting Ukraine in first place in that category among CEE countries.
