UK and Ukraine Forge Tech Partnership to Drive Economic Resilience

16/01/2024
Photography of flag of Ukraine. Close up waving flag of Ukraine and emblem. Flag symbol of Ukraine.
Photography of flag of Ukraine. Close up waving flag of Ukraine and emblem. Flag symbol of Ukraine.

A New Era of Tech Collaboration

In a significant move to bolster economic recovery and resilience, the UK and Ukraine have embarked on a pioneering initiative. The newly established UK-Ukraine TechBridge is designed to catalyze commercially-driven partnerships, fostering growth in the technology sectors of both nations. This initiative marks a strategic effort to support Ukraine’s recovery while simultaneously benefiting the tech industries within the UK.

Facilitating Digital Trade and Investment

The TechBridge aims to streamline digital trade and investment by nurturing relationships between high-potential Ukrainian businesses and their UK counterparts. By organizing virtual “missions” in key areas such as healthtech, agritech, and fintech, the initiative will promote cross-border collaboration and innovation.

Empowering Ukrainian Businesses

A consortium of UK-based tech companies has rallied to offer a series of free online training opportunities. These are complemented by both in-person and online discussions led by industry experts, all geared towards enhancing the skillsets of Ukrainian businesses venturing into the tech space.

Official Launch in London

The UK-Ukraine TechBridge will be inaugurated in London by Nusrat Ghani, UK’s minister for industry and economic security, alongside Oleksandr Bornyakov, Ukraine’s deputy minister of digital transformation. The launch event symbolizes the commitment to building robust connections between tech companies in the UK and Ukraine.

Strengthening Economic Ties Through Innovation

Minister Nusrat Ghani praised the initiative, emphasizing the critical role of Ukraine’s tech sector in the country’s enduring resilience and its significance to future recovery efforts. The programme is set to foster innovation and partnership, laying a solid foundation for long-term recovery and opening up new business opportunities for both countries.

Capitalizing on the UK-Ukraine Digital Trade Agreement

The TechBridge will ensure that tech businesses in both the UK and Ukraine can access each other’s markets, maximizing commercial prospects under the UK-Ukraine Digital Trade Agreement. This agreement serves as a backbone for the initiative, providing a structured framework for bilateral trade and investment.

Joining Forces for Future Success

The TechBridge website is now live, with in-person missions for Ukrainian companies scheduled to commence as soon as March. Interested organizations and individuals are encouraged to sign up for more information as the initiative continues to develop and event details are finalized.

A Platform for International Partnership

Oleksandr Bornyakov, Ukraine’s deputy minister of digital transformation, expressed optimism about the TechBridge, viewing it as a platform that unites the potential and expertise of both the Ukrainian and UK tech sectors. He foresees the launch as a pivotal support mechanism for Ukraine’s IT industry and anticipates numerous large-scale joint projects that will exemplify successful international partnerships.

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