Sergey Tokarev: IT in Ukraine continues to be working and has a giant potential

The struggle in Ukraine launched by Russia affected all of the industries, and the Ukrainian IT sector can be going through challenges. Earlier than 2022, the trade was thriving and promising. Nonetheless, in Q1 2023 exports of IT providers fell by 16 p.c in comparison with the identical interval the earlier yr. Sergey Tokarev, a co-founder of tech firm Roosh, explains what is occurring now within the Ukrainian IT and what ought to be performed now.

After the large-scale invasion, the Ukrainian financial system was broken and Ukrainian firms misplaced many contracts and investments.

This example is sort of logical as overseas firms and traders contemplate compliance danger and the chance that the corporate or its workers will be affected by the struggle. Plus, there may be additionally a world tendency of large-scale layoffs in tech giants and slowing down the event of IT brought on by world financial shifts.

In line with Sergey Tokarev, Ukrainian IT continues to be efficient but requires lively promotion overseas.  

“It is important to convey to the international community that the Ukrainian industry has adapted to the war conditions: specialists give 200% and generate new technological solutions, so military operations do not affect the quality and timing of work. If we can put the focus on this, we will get contracts back. This is especially important for IT companies that are currently located in Ukraine,” Sergey Tokarev says.

Due to the struggle, many Ukrainian tech firms that wished to stay aggressive within the worldwide market needed to transfer their places of work and workers overseas and develop their networks from scratch. A few of these firms moved the entire of their stuff overseas, some nonetheless have an workplace in Ukraine. There are additionally rising new firms based by Ukrainians and positioned in different international locations.

Sergey Tokarev stresses that this tendency isn’t dangerous because it promotes Ukrainian IT overseas, permits Ukrainians to enter the worldwide market, and offers Ukrainian firms an opportunity to draw investments.

In line with Sergey Tokarev, it is very important entice funding to these IT firms and startups that determined to stay in Ukraine. It is usually important to develop Ukrainian enterprise funds to allow them to spend money on native tech firms. In some unspecified time in the future, it’s already in progress, however Tokarev hopes that over time it is going to grow to be a secure development.

Amongst new Ukrainian startups, there are numerous MilTech startups. Sergey Tokarev believes that such firms will carry on showing since protection options in expertise are a precedence now each in Ukraine and another international locations. It signifies that such startups are more likely to discover funding, particularly as a result of there is a chance to check all of the improvements nearly instantly. 

One other side that Sergey Tokarev stresses is the significance of tech schooling. As soon as younger folks graduate, they need to clearly perceive what they’ll do and the place they’ll apply their expertise and concepts. This may be achieved by way of learning real-life instances and making use of information in apply. For instance, SET College that’s based by Tokarev, permits its college students to work with actual tech firms and examine their concepts.