On January 11, the largest consumer electronics exhibition CES 2019 and Ukraine Tech Pavilion (Hall G, # 52822 - # 52836) completed its work in Las Vegas.
Ukraine was represented by its own technological pavilion within the framework of Consumer Electronics Show for the third time. This year Ukrainian Venture Capital and Private Equity Association (UVCA), which initiated the UA Tech Zone in 2017 and Western NIS Enterprise Fund (WNISEF), were joined by Concepter, a company engaged in venture businesses development.
Ukraine Tech pavilion consisted of 8 startups that were able to successfully present their products and the Ukrainian technology market in general.
The participants of the pavilion were:
The pavilion was undoubtedly successful. This is evidenced by the number of visitors, the interest of the Ukrainian and world media, and positive feedback from the investors.It's too early to talk about specific figures or deals, but the previous results inspire. The main thing is not to forget that success at the exhibition, this is half of the case, in order to keep up, you need to carefully do your "homework" after.
Executive director UVCA
This year's Consumer Electronics Show - CES 2019 was the third one for the Ukraine’s Tech Pavilion. Ukraine has a unique talent pool and to showcase our creative ideas to the world, such events are extremely important. CES gives an opportunity for the entrepreneurs to step out of their local markets and try themselves on a global arena. Seeing world media such as BBC, and Techcrunch actively covering stories about our startups at CES proves that our technology deserves to be showcased worldwide. At Western NIS Enterprise Fund we are committed to support such initiatives that help strengthen Ukraine’s tech ecosystem.
Venture Lead, u.ventures,
Western NIS Enterprise Fund
Ukrainian startups have gained an unmistakable interest in the audience and during all days of the conference, there had always been a lot of people in our exhibition area. Among visitors were colleagues-startups, presenting their own products, as well as investors and potential customers.
For five years, that we are working with Ukrainian start-ups and in the three years that the Ukrainian pavilion is presented at CES, it is worth noting the growth of the quality of the products offered by the participants. Interesting technologies that solve real problems - it distinguishes them on the market.
Of course, there is a place to grow. Often startups lack the ability to sell themselves, they do not think about the future, how to scale the company, but progress is noticeable.
Co-Founder and Managing Partner, GS Capital,
Member of the Supervisory Board of UVCA
Startups that were part of the Ukraine Tech Pavilion after the busy days at the conference had some time to share their impressions and results from participating in the CES-2019.
The interest in our product was significant, but the results are difficult to measure now. Waiting for feedback after the show.
We at CES demonstrated the prototype of our attraction. In addition to the general interest, we managed to get acquainted with a few helpful people from our industry. After the exhibition, we will continue to communicate and wait for the result.
CEO of FunLights
It is important to note that the organizers provided organizational and financial support in preparation for participation in CES-2019, which allowed startups to concentrate on preparing their product presentations.
In addition, a 2-day bootcamp was held for the participants, where mentors shared valuable advice on how to successfully present their company to investors, clients or international media.
Participation of Ukrainian startups at CES has aroused active interest in the media, both international and Ukrainian. It should be noted that not only industry but also all-Ukrainian mass media told the public about the achievements of Ukrainians, which indicates positive dynamics and interest in the development of the Ukrainian innovative technologies market.
To see what the Ukrainian pavilion looked like and hear comments from the organizers, can view the materials of Voice of America about Ukraine Tech Pavilion at CES 2019.
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.
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 $185 million to 129 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.