13 December 2023

Workshop in Kharkiv delivered: “Business Angels in Germany and Europe”

Kharkiv. At the invitation of the Kharkiv IT Cluster association, we participated in the 2023 General Meeting. There, we also had the opportunity to share our insights in a workshop titled “Business Angels in Germany and Europe: Case Study Gigahertz Ventures.” It was our second visit to Kharkiv in 2023.

We learned that before the 2022 invasion, Kharkiv was home to Ukraine’s second-largest IT sector, comprising 511 IT companies and a workforce of over 45,000 software engineers. Between February and April 2022, a significant portion of this workforce relocated to other regions of the country or abroad. Despite this, the vast majority of IT companies chose to retain their operational base in Kharkiv.

By the summer of 2022, more than 20,700 IT specialists — along with their families — had already returned to Kharkiv. The broader economic impact of this return is striking: for every euro spent on a Kharkiv-based IT company, an estimated 2.5 to 5 additional jobs are created in the retail and local services sectors. Kharkiv IT Cluster is the leading IT and tech association in the Kharkiv region.

Feeling safe and welcome in Kharkiv was only possible thanks to the unwavering support of our friends and hosts—something we deeply appreciate.

This article from Kharkiv IT Cluster offers an overview of the workshop (in Ukrainian): "Зустріч із CEO німецького ангельського інвестиційного фонду: Нові перспективи для інвестицій в ІТ України".

Source: ua.ventures