“New Era” at UNIT.City: the park’s expansion, partnership with foreign universities and international venture funds

The total investment in the construction of UNIT.City by 2021 will be EUR245 million.

Kyiv, October 1, 2019. – By 2021, the first Ukrainian innovation park, UNIT.City (a project of the holding company UFuture), will be built at 20%, and the amount of investment in it will reach 245 million euros.

“UNIT.City must integrate into the international innovation ecosystem. To do this, we are ready to actively invest in the project, attract global technological leaders, and interact with global financial institutions. The park has reached a new level and is an understandable partner for key industry players,”Vasyl Khmelnytsky, Founder of UFuture, said.

Today, about EUR50 million have been invested in the innovation park and 36 thousand square meters of infrastructure have been built. Three campuses, an IT-school for gifted youth, UNIT Factory, coworking Chasopys.UNIT, a free sports complex and several cafes have been opened. By the end of this year, EUR70 million will be invested in the construction of two business campuses and the first phase of UNIT.Home with a total area of ​​60 thousand square meters. The construction of five new business campuses, the second phase of UNIT.Home, and a school (with a total area of 110 thousand square meters) is planned to start next year with EUR125 million of investments. Thus, a fifth part of the territory of the innovation park will be built.

According to UNIT.City’s CEO Dominique Piotet, in 2020, comfortable conditions for 150 resident companies as well as education of more than 1,200 students will be created in the innovation park. Partnership with two of the world’s leading universities is planned. Five venture capital funds, eight laboratories, and ten accelerators are expected to operate in UNIT.City next year. The top manager hopes that international events such as Web Summit, IT Arena, CES, and Davos will be held at UNIT.City in 2020.

“My goal is to ensure that in 2025, when 90% of UNIT.City is built, the world appreciates Ukraine no longer for outsourcing, but for the high quality of innovations, startups. I would like the world to perceive our ecosystem as a place where ideas grow into world-famous companies. Where billion-dollar unicorn startups appear. I would like the next Tesla or iPhone to be born here in UNIT.City,”Dominique Piotet said.

The symbol of the “New Era” of the innovation park’s development is the opening of the unique “Beacon” art object at UNIT.City Square. With the onset of darkness, on two sides of a 60-meter factory pipe, light gradually rises along the art object, lighting a bright beam at the top. The diameter of its base is 3.5 m, and the length can reach 100 meters.

Inside the art object, a dome screen and a projection system were installed by a Ukrainian company, developer of visual solutions and technologies for planetariums and museums, Front Pictures. The image on the screen is being created by four projectors under the control of the Screenberry media server. The planetarium can be controlled remotely through the application on the tablet. “Beacon” was designed by a British artist, Sebastian Kite. The concept of the project was implemented by UDP development company.

Additional information

UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky that integrates his business and impact-investment projects. The company has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. Currently, UFuture’s assets are estimated at $550 million, and the total capitalization of the businesses it invested in is more than $1 billion.

UNIT.City is Ukraine’s first innovation park. It is the location where matchless infrastructure and all-inclusive ecosystem enable high technology, innovative and creative businesses to happen and flourish. The goal is to become the center of innovations and a one-point entry into Ukraine for investors, partners and new technology from all over the world. The mission of UNIT.City is to create a unique innovation platform where advanced companies, start-ups and mavens get an opportunity to cross paths and work together ramping up their growth.