As more and more startups are being founded in Ukraine every year, the infrastructure around them is catching up as well. While the last few years have seen a number of startup incubators and accelerators of mixed quality and success, the year 2016 was marked by a few initiatives in a new field — acceleration programs launched and sponsored by major corporations.
Similar programs are popular around the world. Companies like Telefonica, Deutsche Telekom or Philips look for early-stage entrepreneurial teams working on something they could potentially use.
In Ukraine, the first company to introduce this model was Kyivstar communications provider, which concluded its first acceleration program in October in cooperation with VDNH Tech. In addition, Microsoft Ukraine is running another program with a somewhat different model.