Ukraine has strong potential for the development of the product IT industry, but its growth depends not only on companies and investors, but also on state policy. Can Ukraine create a favorable environment for product IT companies so that they remain and develop within the country?
Why state support is important?
Global practice shows that governments play a key role in creating an IT ecosystem:
- USA: support for startups through venture funds, government grants, and tax incentives.
- Israel: government programs for financing R&D and export-oriented technology companies.
- Estonia: digitalization of the economy and simplified taxation for IT companies.
What can Ukraine do?
- Tax incentives. Reducing the tax burden for product IT companies.
- Grants and investment programs. Supporting companies that create innovative products.
- Improving education. Investing in IT education and cooperation with business.
Examples of state support for IT in Ukraine
- Diia City – a special legal regime for IT companies.
- Grant programs from USAID – support for technology startups.
- Digitalization programs – implementation of e-government initiatives.
What needs to be improved?
- Reducing bureaucracy. Simplifying registration and business management processes.
- Protection of intellectual property. Strengthening copyright protection for developments.
- Creation of R&D centers. State support for research and development.
The role of the state in the IT industry should not be limited to taxation – it is necessary to create a favorable environment for the development of technology business.
Product IT companies are the future of Ukraine's economy, and the state must facilitate this! 🚀
Yuriy Syvytskyi, member of the Supervisory Board of Intecracy Group, expert at Software Ukraine