Presentation "Rise of Ukraine as Technology Nation" by Yevgen Sysoyev at the event in NYC on Dec 16, 2015 organized by Razom Ukraine

1. Rise of the Technology Nation:
Ukraine tech key findings and sector highlights
Yevgen Sysoyev
Managing Partner
AVentures Capital
ys@aventurescapital.com

2. Source: High-Tech Ukraine 2015 2

3. 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
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4. Snapchat acquired startup Looksery for $150MM
September 15, 2015
Looksery – a
two and a half
year-old
company from
Odessa, Ukraine
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5. Invest Ukraine? IT Sector? now?
Georges Soros said: yes, yes, yes
November 18, 2015
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6. So what is going on? Rise of Technology Nation
December 16, 2015
http://www.slideshare.net/YevgenSysoyev/ukraine-rise-of-a-technology-nation
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7. 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”
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8. 8

9. 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
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10. …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
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11. 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
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12. 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…
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13. 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
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14. 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
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15. … 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
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16. …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
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17. 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%
Lviv
Kyiv
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
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18. 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!
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19. What: Global conference to promote Ukrainian Technology Ecosystem
Two tracks: Startups & Distributed Development
Where: Silicon Valley, San Francisco Bay Area
When: April 21, 2016
Target Audience: Technology and business leaders of
US-based companies interested in working with global
technology experts; Ukrainian based technology
companies interested in US market exposure
Questions:
Zhenya Rozinskiy 818-272-8232 zhenya@mirigos.com
Nick Bilogorskiy 408-203-4323 nick@novaukraine.org
Bridging Ukrainian IT sector with partners, investors and customers in Silicon Valley
Global World Tech Conference: join us!
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20. 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?
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21. Contacts
Yevgen Sysoyev
Managing Partner
AVentures Capital
ys@aventurescapital.com
@YevgenSysoyev
http://www.slideshare.net/YevgenSysoyev
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