On April 21, UVCA (Ukrainian Venture Capital and Private Equity Association) with the support of WNISEF Fund hosted the final of start-ups competition. The winner will represent Ukraine at the international competition SVOD (Silicon Valley Open Doors) — one of the largest start-up world conference that will take place in May 25-26 in Mountain View.
«Unfortunately, today many start-ups are faced with the problem of funding not only for project development but also for participating in international conferences. That is why we provide Ukrainian startup a chance for free pitch at SVOD stage, after which historically, every 2nd project receives funding«- says the executive director of the Association of International Investors Olga Afanasyeva. — Our goal is not only to present the Ukrainian start-up, but also Ukraine and its investment opportunities. For the first time Ukrainian Association becomes SVOD partner and presents achievements of the local investment market. »
Totally 35 projects from around the world will perform on the stage of the conference this year, and there is one «Ukrainian» – Cardiolyse, that became winner of the UVCA Startup Challenge. The company specializes in e-health technologies, analyzing the electrical signals of the human heart and provides care for heart anytime, anywhere.
In addition, the jury decided to award the second place with the ticket for SVOD. Of course, the chance to perform has only the winner, but Cluise team (clever Stylist application — a personal shopping assistant) will mingle with 400+ investors during the conference.
Among the jury were professionals from the global and Ukrainian investment market:…
• Andrey Kolodyuk, Yevgen Sysoev (AVentures Capital)
• Jaroslawa Johnson (Western NIS Enterprise Fund)
• Bohdan Kupych (KM Core)
• Alexander Soroka (Startup.Network)
• Alex Vitchenko, Victor Kompaniets (Digital Future)
Also the jury included Nick Belogorsky (President of the Foundation «Nova Ukraine») and Zhenya Rozinsky (IT expert), who have prepared additional special prizes for another 2 finalists. Startups, that took second and third place according to voting, will become participants in TechCrunch Disrupt in San Francisco (at Ukrainian pavilion). This unexpected gift was granted to Cluise and PrePly (modern online platform for finding a tutor and learning a foreign language).
Andrey Kolodyuk, Chairman in UVCA, Managing Partner in AVentures Capital: «We wish the winners to represent Ukraine at the highest level at the conferences with global significance! And we are waiting them back home with new investments and ideas to continue the formation of Ukraine as a Startup Nation. »
Ukrainian Venture Capital and Private Equity Association (UVCA) is modeled on the European Association of venture and private capital (EVCA). UVCA is shaping the future direction of development of the private equity industry through the promotion of investment opportunities in Ukraine, represents the interests of private investors before the politicians and helps to improve the investment and business climate in Ukraine.
SVOD — Investment Conference in Silicon Valley, which brings together startups from around the world with the best Valley venture capital funds and the world (Aspect Ventures, Broadway angels, Yuri Milner, YCombinator, TechStars, 500Startups, Bain Capital Ventures …), the leading tech companies business media.
Western NIS Enterprise Fund (WNISEF) — Fund with a capital of 150 000 000 US dollars, which invests in small and medium-sized businesses in Ukraine and Moldova. Since its founding WNISEF invested about 168 million US dollars in a number of companies with extensive experience in the production of consumer goods, building materials, packaging, retail and financial services.