Government support for innovation: Incentives for Investors

Innovation is a key driver of economic growth and Ukraine’s integration into the global economy.

State support for innovation plays a crucial role in promoting scientific research and technology commercialisation, and in encouraging the private sector to invest in research and technology projects. Scientific and technological sectors are among the sectors that receive preferential treatment under the Law On State Support for Investment Projects with Significant Investments in Ukraine.

This was stated by Oleksandr Melnychenko, Acting Executive Director of UkraineInvest, during the 16th International Business Forum on “Challenges and Prospects of Innovation Development in Ukraine”. He noted that foreign direct investment in professional, scientific and technical activities amounted to USD 853.6 million in 2023. The main investing countries were Cyprus, the Netherlands, the USA, the UK and Austria.

UkraineInvest provides free informational, analytical and legal support to investors, especially in the field of innovation, and continues to support investors looking to invest in high-tech industries that will shape the country’s future.

One of the most powerful ways to communicate that foreign businesses can and do operate successfully in Ukraine is through the voices that matter most to potential investors – those of other businesses.
We would like to invite you and your company to be featured on UkraineInvest’s web site as a “success story” of a foreign business operating in Ukraine.

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