Announcing the new UK–Ukraine TechBridge, the Department for Business and Trade (DBT) said that it will encourage collaboration between UK and Ukrainian tech sectors in order to boost investment and trade, innovation and skills, to the benefit of both countries.
The initiative will, it went on, seek to facilitate digital trade and investment by supporting relationships between high potential Ukrainian businesses and UK tech firms and investors, and through a series of virtual “missions” in priority sectors such as healthtech, agritech and fintech.
Minister for Industry and Economic Security, Nusrat Ghani, said: “Ukraine’s tech sector has provided crucial support throughout the war and is key to the country’s resilience and future recovery. By building partnerships between British and Ukrainian businesses and promoting innovation, we are demonstrating the power of trade, and are helping lay the foundations for Ukraine’s long-term recovery opening up future opportunities for businesses on both sides.”
The programme aims to ensure that both British and Ukrainian tech businesses sectors have access to each other’s markets for commercial opportunities, making the most of the UK–Ukraine Digital Trade Agreement which was signed in November 2023
More information about the TechBridge can be found here and in-person missions for Ukrainian companies are expected to start as early as March 2024.
Ukraine Deputy Minister of Digital Transformation, Oleksandr Bornyakov, said: “By building partnerships between British and Ukrainian businesses and promoting innovation, we are demonstrating the power of trade, and are helping lay the foundations for Ukraine’s long-term recovery opening up future opportunities for businesses on both sides.”
