Six startups were selected for UA Tech at CES 2019

The final selection of startups to represent Ukraine at CES 2019 took place on 11th of October at UNIT.City. Six companies, who will go to Las Vegas, were selected by a team of Ukrainian and foreign experts and investors. The exhibition will be held on January 8-11, 2019 in Las Vegas.

UA Tech is a joint initiative of the Ukrainian Venture Capital and Private Equity Association (UVCA), Western NIS Enterprise Fund (WNISEF) and Concepter. UA TECH was established to introduce the capability of Ukrainian Tech products to the global market.

Consumer Electronic Show (CES) is the largest tech show in the world, taking place each year in Las Vegas, gathering around 180 000 visitors from all the world at the space equivalent of 35 football fields.

For the first time, UVCA together with WNISEF organized the Ukrainian pavilion at CES in 2017 - little was known about Ukraine at that point. In 2018, startups who went to Las Vegas were able to sell their product or agreed on a partnership with representatives of such companies as Tesla, Lockheed Martin, Bosch, Samsung. We are sure that this year's winning startups will represent Ukraine at the highest level. We have chosen the very best and most ready for the exhibition

Olga Afanasyeva
Executive Director of UVCA

A total number of the projects signed up for the contest was around 60, but only 15 of them reached the final.The jury comprised of the most influential investors in the country, representatives of SMRK VC Fund (Andriy Dovzenko), Startup.Network (Oleksandr Soroka), AVentures Capital (Bogdan Sviridov), CYFRD (Yurii Filipchuk), UAngels (Nataliia Berezovska), Cornell Technical University (Charles Whitehead), Blackstone Launchpad (Felix Litvinsky) and others. As well as the representatives of the organizers of the selection: Olga Afanasyeva (UVCA), Andriy Sorokhan (Western NIS Enterprise Fund (WNISEF) and Vlad Tislenko (Concepter).

We continue to invest in startups and we are confident that participation in such exhibitions is a significant plus for the development of both individual companies and the IT ecosystem as a whole

Jaroslawa Johnson
President and CEO of the Western NIS Enterprise Fund

The winners of this year are:

In addition to the selection for the Ukrainian pavilion during the Hardware Day, the Panel Discussion: "State of hardware startups ecosystem" with TOP investors and experts in the field of the venture business was held with Martha Proksa (Polish VC Accelerator Arkley), Andrey Dovzhenko (SMRK VC Fund), Alexander Soroka (Startup Network), Vlad Tislenko (Concepter), Olga Afanasyeva (UVCA) and Andrey Kolodyuk (AVentures Capital).

During the discussion, the participants talked through the main problems hindering the development of hardware startups, prospects and main trends on the market. The speakers shared their secrets and gave advice to startups in search of financing:

  • Remember not only about the usefulness of your creation, but also about its appearance (Andriy Dovzhenko)
  • Good customer feedback is the basis for trust (Andriy Kolodyuk)
  • Do not stand on the spot - the possibility of continuous improvement will be your bonus (Marta Proksa)
  • All is important, take all the details into account (Vlad Tislenko)
There are a lot of conversations about how difficult it is to create hardware startups. We prove the opposite. Thanks to the experience of Concepter, the support of WNISEF and the proximity to investors of UVCA, the Ukrainian pavilion at CES-2019 should be unusually powerful.

Vlad Tislenko
CEO of Concepter

In putting together the Ukrainian Expo, UVCA, WNISEF, and Concepter took main organizational and financial responsibilities to let startups have more time to finish their products, pitches and presentation materials. Selected startups are awarded with:

  • Free space at CES 2019
  • Branding and design of the booth
  • Organizational support
  • Mentorship and training
  • Extensive media coverage

To see photos from the event click here

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Organizers:

Ukrainian Venture Capital and Private Equity Association (UVCA) has been established in mid-2014 by the example of the European Venture Capital and Private Equity Association (InvestEurope), and currently unites 50 members - private equity and venture funds, accelerators, incubators, educational institutions, and non-government organisations that make significant impact on the development of Ukrainian investment market. Association promotes investment opportunities in Ukraine for foreign investment funds, conducts market research, lobbies laws for improving investment and business climate, implements Invest in Ukraine activity.

Concepter - is a startup studio and venture building company working at the intersections of software and hardware. The company is known for its successful product launches on Kickstarter and Indiegogo crowdfunding platforms, where it raised more than $1.5 million for product development. Concepter is engaged in the invention of its own projects and helps entrepreneurs craft their ideas into design-driven businesses. Concepter is involved in the development of the Ukrainian business ecosystem, provides mentoring and investment assistance to innovative projects and supports startups within the framework of the accelerator program jointly with Biosphere Corporation.

Supported by:

Western NIS Enterprise Fund (WNISEF) is a $150 million regional fund, a pioneer in Ukraine and Moldova with more than two decades of successful experience in investing in small and medium-sized companies. WNISEF was funded by the U.S. government via the U.S. Agency for International Development (USAID). Since its inception, WNISEF’s cumulative investments total over $168 million to 118 companies in Ukraine and Moldova. In 2015 WNISEF has launched a $35 million legacy program focused on export promotion, local economic development, impact investing and economic leadership. WNISEF is funding innovative, high-impact, reform focused programs and aims to support Ukraine and Moldova at this critical period by developing sound economic policy and leadership.