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24 Feb. 2025

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European ranking of startup ecosystems: Ukraine is among the four leaders

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European ranking of startup ecosystems: Ukraine is among the four leaders

Thanks to fast online business start-ups, access to funding through the Ukrainian Startup Fund, digital public services, and favorable tax conditions in Diia.City, Ukraine has outperformed the EU average by 12%. Find out what factors contributed to this achievement and what it means for the development of innovation in Ukraine

Legal assistance in starting and running a business in Ukraine
Legal assistance in starting and running a business in Ukraine
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Ukraine has made significant progress in developing its startup ecosystem, ranking fourth in Europe in terms of startup support according to the European Startup Nations Alliance (ESNA) 2024 report. This ranking assesses how effectively countries create conditions for the growth and scaling of technology companies.


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Ukraine in the ranking of startup ecosystems in Europe


According to the Ministry of Digital Transformation, Ukraine joined the ESNA initiative in November 2024 and has already shown excellent results. The country ranked 4th among 24 EU countries, surpassing the European average by 12%.


Ukraine received maximum points for implementing the following standards:


• Speed of online business creation - thanks to the digital service “Diia”, you can start your own company in a matter of minutes.


• Access to funding - The Ukrainian Startup Fund is recognized as an effective mechanism for supporting innovative projects. It has already provided 570 grants worth ₴423 million for the development of breakthrough technology companies.


• Accessibility of digital public services - Ukrainians can do business online without bureaucracy and queues thanks to large-scale digitalization.


• Options and favorable taxes - Diia.City's special legal and tax regime provides favorable conditions for attracting investment in the tech sector.




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Significance of the achievement for Ukraine


The Ministry of Digital Transformation notes that this result confirms the effectiveness of the state's digital policy. Ukraine continues to strengthen its position in the global innovation arena and expand opportunities for startups.


The government plans to continue supporting the development of technology businesses by attracting investors and developing digital infrastructure. The successful implementation of these initiatives will not only contribute to economic growth but also increase Ukraine's competitiveness in the global technology space.


We remind you!
 A new study shows that our country is inferior to Poland in terms of simplicity of regulatory procedures. We told you how Ukraine compares to other countries in terms of regulatory burden, why starting a business is more difficult but running a business is easier, and what reforms could improve the situation.

Photo: Depositphotos


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Frequantly
asked questions
What kind of business is most often started in Ukraine?
Retail (28.1%). The most popular area among new businesses: 214.2 thousand individual entrepreneurs have chosen this type of business. Trade in everyday goods and products remains in demand even during the war.
How many businesses have been opened in Ukraine since the beginning of the war?

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