Inside UNIT.City’s offices and coworking spaces, I meet startup after startup: IoT companies, biotech, AI, drones, medtech. Each has their own stockpile of branded merchandise: T-shirts, stickers, cookies. One gives me a branded baseball bat “for protection” that I carry from meeting to meeting for the next few hours.
As well as physical spaces, the tech industry needed a regulatory one, the kind of legal environment that would allow companies to take risks and innovate, and bring in international investment capital. At UNIT.City, the two spaces—the physical infrastructure and the legal—overlap.
Bornyakov explains in great detail how Ukraine created tailored regulatory provisions for startups, including convertible notes, liquidation preferences, and indemnities for founders; the seriousness only slightly diluted by his T-shirt, which features a cartoon rabbit wielding a chain saw. “The goal was to align the language that Silicon Valley speaks with Ukrainian legislation,” he says.
The tech sector has played a vital role in the war effort: turning plowshares into swords; converting civilian drones into weapons; repurposing skills to turn coders into cyberwarriors; and creating platforms and apps to source, fund, connect. There’s a determination within the sector and the government to now turn that mindset to the task of recovery—to grim opportunities, wartime and post-war necessities that can only realistically be solved with tech.
Tech has also given the Ukrainian economy a success story that it can broadcast. UNIT.City’s residents have embraced their ambassadorial role. There are Ukrainian tech delegations heading out all over the world—the Middle East, Asia, as well as Europe and the US.
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