KSE and Scythia Accelerator joined forces to develop entrepreneurship in Ukraine

Kyiv School of Economics and Kyiv-based Scythia Accelerator agreed to join forces to develop entrepreneurship and startup culture in Ukraine. The new partnership will help aspiring local entrepreneurs to learn basics of startup development stages from an idea to a growing enterprise, gain access to various business mentors and obtain early stage funding to turn their dream into reality.

President of KSE, George Logush said: “Our business school has a long term goal to develop, strengthen and support entrepreneurship growth in Ukraine.  We have decided to join forces with Scythia Accelerator to accomplish the following tasks:

– Support of joint projects with the aim of startups development in Ukraine;

– Put all efforts in order to provide business and mentoring advice to startups.;

– Provide early stage financing for startups from raised grants and/or venture capital funds;

– Initiate and support establishment of favorable business environment and entrepreneurial culture in Ukraine.

Managing director of Scythia Accelerator, Alex Nikolaenko said: “For obvious reasons in the past 23 years Ukraine has neglected proper support and development of entrepreneurship. Now the country has to do a lot to catch up with the Western world where entrepreneurs and SME business owners are key engines of the economy growth. We are excited about the new partnership with KSE and believe our cooperation will significantly add to supply of knowledge, expertise and funding for growing Ukrainian entrepreneurial spirit.

About KSE.  Kyiv School of Economics (KSE) founded by the Economics Education and Research Consortium (EERC) in 1996, is a world-class academic institution with a reputation for excellence both in Ukraine and internationally. KSE ranks among the top schools in Central and Eastern Europe, producing the future generation of world-class economists. In doing so, it helps to improve the economic, business, and policymaking environments of Ukraine and its neighboring countries.

About Scythia Accelerator.   Established in 2014, Scythia Accelerator  is a partnership between early stage venture fund Scythia Ventures and investment platform Startup.ua that teamed up together to develop early stage ideas with angel and pre-seed investments of up to $100,000 into the ICT-focused startups based in the CIS (ex-USSR) region.