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Kyiv considerably improves its position in world startup rating

Generally, Ukraine occupied 31st place
16:40, 16 April 2019

Open source

Kyiv occupies the 34th place in the startup rating, rising from the 63rd place as StartupBlink reported.

According to the service, Kyiv occupied the 34th place among over a thousand cities, while Ukraine gets the 31st place among over one hundred countries.

Besides Kyiv, there are other Ukrainian cities on the list: Odesa (235th place), Lviv (299th), Kharkiv (435th) and Dnipro (561st).

Related: Ukraine to be ranked number 39 in Most Instagrammable Places rating in 2019

321 startups were spotted in Kyiv. Earlier, the Ukrainian capital occupied the 63rd place and overcame 29 positions.

Ukraine got over 4 positions and it is situated on the 31st place.

According to the rating, the TOP-3 cities are San-Francisco, New York and London, while TOP3 countries are the U.S. , the UK and Canada.

The position of the state in the rating depends on the number of the projects, their quality and business environment of the startup-ecosystem.

Related: Moody's raises Ukraine’s sovereign rating, still assessing debt as risky

The position of the state depends on the strength of the ecosystem and it is based on own algorithm of the authors of the report.

It is possible to add the startups and organization to the system for free but all of them have to be verified.

Ukraine was ranked 40th in Henley Passport Index rating published on March 26, 2019.

Besides, Ukraine took the 84th place in the Democracy Index 2018 out of 167 countries of the world and the 17th place in Europe.

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