Ukraine has a great potential in the field of artificial intelligence and several hundred companies specialising in this field have already been opened in the country. Find out where Ukraine ranks in Europe in terms of the number of AI companies and what the government forecasts for the growth of this sector

Legal advice for Ukrainians

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Ukraine has made it to the European top in terms of the number of companies operating in the field of artificial intelligence technologies. The Ministry of Finance has revealed how many such companies are already operating in the country.

Today, more than 200 AI companies are functioning in Ukraine, which makes Ukraine the second in Central and Eastern Europe in terms of the number of AI companies. The first place is occupied by Poland, where more than 300 such startups are concentrated.

What does the ranking look like?

Poland - 301 companies;

Ukraine - 243;

Estonia - 154;

Czech Republic, 121;

Romania - 109.

Which Ukrainian cities have the most AI companies?

Thus, out of 243, 177 AI companies are located in Kyiv, and another 44 in Lviv. Kharkiv, Odessa and Dnipro have an average of 21 AI startup offices.

"Ukraine is home to world-renowned AI startups such as Grammarly, Preply and People ai. As of 2019, two Ukrainian AI companies have become 'unicorns' and the three largest Ukrainian AI startups are valued at over $14.5bn," said Minister of Digital Transformation Mikhail Fedorov.

The head of the Ministry of Digital Transformation said that over the last 10 years the number of specialists in the field of artificial intelligence and machine learning has grown 5 times, and now it is 5,200 professionals. According to Fedorov's forecasts, their number will grow by 330% in the next few years.

However, for this to happen, he believes Ukraine needs to reboot education. There are now 106 training programmes on artificial intelligence open in Ukraine. A key step to train strong specialists is to establish co-operation between universities and AI companies so that students have access to practical knowledge and experience.

In addition, the importance of startups is noted. For example, funding for Ukrainian startups specialising in AI grew by 35% in 2023 alone.

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In general, the AI sector in Ukraine has great potential, but also requires solving a number of problems, including the ongoing conflict at the level of business government.

By the way, to avoid problems in the operation of your business, you need to be aware of all the pitfalls that may be encountered on the way to starting your own business. For this, it is always a good idea to consult professionals who specialise in the legal industry. The VU portal gives customers the opportunity to find personalised help in this matter - you can find legal assistance for your business here.

We remind you! In Ukraine conducted a study on the number and direction of businesses with foreign capital. In which regions such organisations are the most numerous and where investments come from more often, read here.

Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.

Ihor Usyk is the Head of Legal Department at Visit Ukraine

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