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Ukraine named as a Silicon Valley of the CEE region while Silicon Valley itself gets serious about outsourcing to Ukraine.

Why Ukraine?

* Ukraine has the world’s 5th largest and fastest growing IT outsourcing services market in the world, with revenues in 2011 expected to reach $1 billion

* Ukraine has got to TOP 10 leading countries in software development.

* There are over 4,000 IT companies in Ukraine, employing over 100,000 hardware, software and IT consulting professionals

* Ukraine has about 20 major IT educational centers producing about 30,000 IT-graduates annually with bachelor, MSc or PhD diplomas

* The cost of employing a software developer in Ukraine, or outsourcing IT business solutions development to Ukraine, is still about one-half of the cost of doing so in the EU or the US

* The IT industry in Ukraine is trending from system integration and development of “turnkey” information systems to Build-Operate-Transfer (BOT) and IT business solutions adapted for a long-term perspective

Recent report from Stanford University’s European Entrepreneurship and Innovation Thought Leaders session confirms growing interest from Silicon Valley venture capital to Ukraine hi-tech offerings.

Education in Ukraine
Ukraine’s traditions of physical, mathematical, and programming schools are very strong. Nearly 60% of its universities have graduates with majors in these disciplines. With only 1% of the world’s population, the country has 6% of the world’s physicists, mathematicians, computer programmers and other highly trained professionals.

Source: maxivak.com/it-outsourcing-why-ukraine/

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