Embassy of Ukraine in the United States of America

, Kyiv 14:08

IT initiative of Ukraine’s Government to turn Ukraine into “Silicon Valley of Europe” unveiled in New York City

31 May 2014, 23:27

On May 29, 2014, Ukraine’s Government initiative to turn Ukraine into “Silicon Valley of Europe” was unveiled in New York at the Ukrainian Institute of America.

The initiative will be implemented through the development of state, commercial, scientific and educational sectors of national IT market, including IT outsourcing services that will facilitate the creation of 100 000 jobs in this sphere and provide up to $10 bln. USD in export revenues within the next five years.

The event was organized by the Embassy of Ukraine in the U.S. in partnership with U.S. company TransparentBusiness Inc. and with the assistance of Ukraine’s Consulate General in New York.

In his welcome remarks, Consul General of Ukraine in New York Igor Sybiga elaborated on the current status and potential of Ukraine’s IT sphere, foreign economy priorities, prospects and advantages for attracting U.S. investments in the economy of Ukraine.

The event also featured a presentation by the President of TransparentBusiness Inc. Silvina Moschini on the export capabilities of Ukrainian IT market including advantages of cloudsourcing to Ukraine (a type of outsourcing that provides for unique transparency and effectiveness in terms of project implementation monitoring).

The CFO of the U.S. company EPAM Anthony Conte shared a successful experience of this company in Ukraine, which has been working with local IT professionals for more than 9 years.

The current status and development prospects of Ukraine’s IT sphere were covered by the 1st Secretary of the Embassy of Ukraine Volodymyr Shalkivskyi.  

The attendees of the event included representatives of U.S. Government, business circles, investment foundations, law firms as well as a number of major U.S. media such as «Associated Press», «Reuters» & «Inter Press Service», «Wall Street Journal», «Fox News» & «ABC News» and others.

Ukrainian IT Day in New York became a second event after the very first one held on April 29, 2014, at the Embassy of Ukraine in Washington, DC.  Further events to unveil Ukraine’s Government IT initiative in the United States will include Chicago, San-Francisco and other major U.S. cities.

Image of: www.outsourcedlabour.co.za