Ukrainian Hi-tech Initiative - first year activity resume

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 7, 2004 -- During the fist year of its activity Ukrainian Hi-Tech Initiative has become the biggest association in Ukraine and currently having 25 members it s growing continuously. Initiative includes such recognized IT leaders as Kiev based ProFix and FinPort, Kharkiv MIIk and ACE, Dnipropetrivs k GrossBee and others. Right now Initiative has wide regional representation it incorporates development companies from Kiev, Kharkiv, Dnipropetrivs k, Simferopol, Chernihiv.



By now the Initiative has implemented the following projects:

- participation in Ukrainian IT industry research (products and services);

- preparation and organization of Internet Conference

"Prospects of Ukraine in the international IT market" (jointly with International Financial Corporation (IFC);

- participation in the following shows: CeBit 2003, CeBit 2004, OutsourceWorld '2003 London, OutsourceWorld '2003 New York City

- organization of and participation in the work of European Business Association committee;

- successfully implemented outsourcing projects for foreign (American and German) companies.

Among the current projects of the Initiative it is worth to mention a program, in realization of which Initiative works together with US-Ukraine Digital Alliance - Lead Generation - Lead Generation Program (LGP), aimed at promoting Ukrainian IT products in the USA market.



Among the issues that the Initiative also deals with, there is formation of investment into Ukraine. Due to the professional work on popularization of IT industry it became possible to attract to Ukraine the attention of such serious investors as International Financial Corporation

(IFC) and Intel Capital investment fund. Initial results of the study of Ukrainian IT companies potential are assessed as very promising.



INFORMATION:

Ukrainian Hi-Tech Initiative (www.hi-tech.org.ua) - a otsourcing alliance of Ukrainian companies operating in the field of offshore software development . Currently the Initiative totals 25 Ukrainian companies. Objective of the Initiative:

- accumulation of international contacts in order to establish cooperation in IT development sphere;

- building efficient information exchange channels with western companies;

- cooperation in creation of a positive image of Ukrainian software development industry on the foreign markets;

- cooperation in improvement of IT professionals qualifications;

- formation of investment for the progress of Ukrainian software development.