Global IT community launched initiative to support Ukrainian startups

To help the Ukrainian IT sector, international venture funds and technology companies created the Ukrainian Tech Circle to help Ukrainian technology projects and startups affected by the consequences of the Russian invasion of Ukraine.

The Ukrainian Tech Circle will support Ukrainian companies in financing, finding new customers, and accessing a global network of contacts, the Ukrainian Tech Circle said in a statement.

“Ukrainian startups are desperately fighting for their survival due to a lack of investment and financial support. According to a study from the Ukrainian Startup Fund, 99% of startups need financial support, and more than 41% do not have savings and financial opportunities for development,” the report says.

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