13:45 Jul. 23, 2016
HP to boost Ukraine's ‘growing startup ecosystem'
The famous US-based IT company Hewlett Packard has recently launched its own venture capital fund that will enter the Ukrainian investment market this year.
The HP Tech Ventures has its regional offices both in Palo Alto (California) and Tel Aviv (Israel), but doesn't plan to set one in Ukraine yet.
The HP's fund will start functioning at the Ukrainian investment market, and will be headed by Vitaly Golomb, the Investment Lead at HP Tech Ventures.
"We are excited to support Ukraine's growing startup ecosystem. Each of the world leading innovation clusters (Silicon Valley, Tel Aviv, London, Berlin, Singapore) has found success by bringing together entrepreneurs, investors, enterprises, government, and universities to take advantage of their unique regional secret sauce. Though it is missing many necessary ingredients, Ukraine is undeniably one of the leaders in many technological and scientific fields. We expect great things from Ukraine's massive pool of engineering talent and are doing our part to help foster innovation while providing a bridge to Silicon Valley," Vitaly Golomb stated.
According to him, the fund takes high interest in companies that work in the field of 3D-printing, Internet of things, virtual reality, robots and artificial intelligence. The average deal size will vary from 3 to 5 million dollars.