CES 2023 demonstrates the expansion of the Ukrainian technology sector
CES 2023, the world's largest technology show, received a Ukrainian delegation represented by 13 start-ups ! The companies met with the world's biggest brands, new international partners and presented national technological solutions to the global audience. The Ukrainian delegation present at CES 2023 was able to receive international media attention.
Ukraine is a hotbed of many technological innovations and growing IT clusters. In recent years, the Ukrainian IT industry has grown by 25-30% annually. The country has highly qualified people. So the ground is good for technology companies. According to the Global Skills Report 2022, Ukraine ranks 8th in the world for the level of technological knowledge. The Ukrainian IT industry focuses mainly on software development for e-commerce, business, finance, education and health sectors. The country's specialists provide high quality IT services at reasonable and competitive prices.
Faced with the current challenges, many companies have begun to worry about their talent, products, and future prospects. Nearly a third of Ukrainian startups have moved abroad, at least partially, due to the risks caused by the conflict. However, despite the crisis, the IT industry sector is not only resilient, but also growing. Companies in this sector have retained 95 percent of contracts and have increased their exports. They continue to provide products and expertise in software development, cybersecurity, online services, AI, data analytics, UI/UX design, etc.
An overview of the Ukrainian start-up ecosystem
Beyond CES 2023, Skopai wanted to highlight the Ukrainian startup ecosystem. Our study is based on the data of 252 Ukrainian startups, present on our platform. Data on startups is collected from publicly available sources on the internet, using data science and AI algorithms.
Thematic groups
This word cloud represents the markets and technologies of startups. Tags such as software (39% of startups), apptech (21%), AI (16%), martech (14%), mobiletech (11%), cloudtech, fintech , and IoT (10% each) dominate the landscape, providing a glimpse of the markets that have seen the most activity in the Ukrainian startup ecosystem.
Maturity
Based on maturity, two-thirds of startups (66%) are in the market entry stage - they have defined their markets and are looking for the first customers. About 20% of startups are mature - they have their markets well targeted and the team is executing a program. Early-stage companies that focus on product development represent 14% of startups. The analysis shows that while most mature companies focus on software solutions, early-stage and market-ready startups are very diverse in terms of offerings. They operate in different markets such as AI, IOT, martech or fintech.
Maturity stages of Ukrainian start-ups
Commercialtransactions
The dominant form of business transaction of Ukrainian start-ups is Business-to-Business (B2B, 73%). 27% of the analyzed startups have a Business-to-Consumer (B2C) model and offer solutions to individuals. The data shows that the B2B model dominates in sectors such as software, AI, martech, cloudtech, fintech and cybersecurity, among others. Consumer-facing solutions are featured more in apptech, e-commerce, IOT, mobiletech and edtech.
Business transactions of Ukrainian start-ups
Ukrainian start-ups at CES 2023
Ukrainian start-ups present at CES 2023 are developing unique products and solutions. We find biodegradable products, water purification and disinfection. But also solar technologies, robotics education, patient care automation and security systems, among others.
Access profiles of over 250 Ukrainian start-ups and their technological innovations:
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