Ukrainian startups will help to enter the US market

The volunteer project UA50 selected the first 11 Ukrainian startups to help reach a new level of development, including building a business in the USA. All assistance to selected participants will be provided free of charge.

UA50 works with selected projects in two areas: assistance in business expansion (entering the American market, finding the right contacts and attracting investments) and support in preparing applications for accelerators [early-stage business support model] and world-class incubators [organizations supporting start-ups of young entrepreneurs].

According to the press service of the project, the companies included Reply, Experitus, Finova, Pics.io, Clubberi, TestNest, Corezoid, Capitan, Dynamica, Ecoisme and World At Competition.

At the moment, four startups have already started working with their consulting leaders, the so-called “mentors.” Among them are immigrants from Ukraine who have built successful businesses in the United States, venture capitalists, investors and representatives of major global accelerators.

So, Semantria founder Oleg Roginsky leads TestNest and Capitan companies, and Petcube co-founder Yaroslav Azhnyuk helps Ecoisme and Finova.

“TestNest is a platform for A/B testing of mobile application listings [codes] in the App Store. The team has a very clear vision for the development of the project. We have already presented the startup to the world media. The second project, Capitan, developed an application for smart shopping with geo-targeting [setting targets] and basic classification functions. Almost no one works in this area anymore. Their main competitor is a piece of paper and a pen,” said Oleg Roginsky.

“Ecoisme is working on technology that will reduce energy consumption through automated control. This is a technologically very complex development that is difficult to copy. The startup has every chance to become one of the key components of the energy consumption revolution, says Yaroslav Azhnyuk. – Another startup I work with, Finova, has developed a number of technological products with which you can connect your car to the Internet and track key indicators for timely technical inspection. This makes life much easier for car dealers and drivers. The startup has a strong team with a good technological vision.”

Nick Kurat, CEO of TestNest, assessed the effectiveness of cooperation with UA50: “From our experience, we have seen that the greatest difficulty in bringing a Ukrainian startup to the US market is the lack of network. UA50 greatly helps us expand our network of contacts in Silicon Valley and beyond, use these contacts to develop our business, and also provides highly qualified mentoring.”

Forum previously wrote about 28-year-old Oleg Roginsky from Dnepropetrovsk, who managed to create multi-million IT business and sell it in the US for 10 million dollars, as well as about 38-year-old Andrei Axelrode, who already in America built business worth 250 million dollars.

The selection of startups to participate in the UA50 project is ongoing. You can leave a request on the site UA50.

In September, Forum reported that the famous American actor Ashton Kutcher decided to invest to the Ukrainian startup GitLab - an online service for storing project source code.