Ukraine is a very attractive market for drone application. Why? There are currently 2 reasons: the military conflict in eastern Ukraine and the rapid development of agriculture.More
On November 14, World Bank Group and UkraineInvest held a conference in Kyiv “Ukraine: Innovation and Opportunity.” Jim Kim, the President of the World Bank Group, Daniel Bilak, the Partner of the CMS Cameron McKenna Ukraine office, Artem Belenkov (SmartFarming), Daria Loseva (Myhelix), Nikita Fastovets (ExpoPlatform) and Olga Khilobok (Nimses), representatives of four technological projects in different areas, took part in the discussion.
The conference was dedicated to the 25th anniversary of the World Bank operation in Ukraine. During this time, the World Bank has allocated $12 billion to Ukraine. The assets were used to develop priority areas and to support reforms.
The World Bank decided to “mark” this good round figure in the company of the young innovators who are also taking part in reforming the Ukrainian economy.
Exclusively technological projects’ representatives who work in the most promising markets were invited to the discussion with the President of the World Bank Group.
Artem Belenkov, the founder of SmartFarming – a technology company introducing innovations in agriculture, was among the invited speakers.
It’s a great honor for SmartFarming to be together with the World Bank. We are sure our most global projects are still ahead. And the invitation to the conference “Ukraine: Innovation and Opportunity” to discuss Ukraine’s innovative future with the president of the World Bank is the proof we have chosen the right way
According to Dr. Jim Kim, the president of the World Bank Group, the World Bank is looking for some extra opportunities to finance reforms in Ukraine.
Ukraine is now on the verge of great changes. So, we are looking for some extra opportunities to free particular resources and direct them to Ukraine,
Jim Kim considers healthcare industry, agriculture – land reform in particular, and fighting corruption to be the most important sectors for investment.
The president of the World Bank Group is convinced that the land market opening will increase investment in Ukraine. New investments in this area will lead to productivity improvement. Moreover, it will provide extra rental income promoting higher budget revenues.
In general, the speakers at the conference “Ukraine: Innovation and Opportunity” discussed the IT and innovative technologies breakthrough within the last 5 years, ways the international market perceives Ukrainian startups, difficulties in development investment, and their vision of the state contribution to innovative projects support.
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