Photo by Alexandre Debiève on Unsplash

It will be able to accommodate about 40 residents and will have room for students. 

A new industrial park is set to open in the Ukrainian capital, Kyiv. The National University Kyiv-Mohyla Academy has gotten together with the Bureau of Investment Programs, BIP, to build a technology park for 50 million UAH in the city, writes open4business

“According to our preliminary estimates, about UAH 50 million of investment is required to restore the building and infrastructure for a modern technology park. After restoration, the territory can accommodate about 40 resident companies and coworking spaces for students,” Director of BIP Oleksandr Bondarenko said in a press release. 

“Next steps are project evaluation, concept development, and search for investors,” said the National University Kyiv-Mohyla Academy in the press release.

The project aims to earn money for the university while also facilitating the creation of IT products, employ students and create a scientific base for entrepreneurship. The park will be located at 2/4, Glazunov Street, and will be around 1,700 square meters. 

One of many new industrial parks

The new industrial tech park is one of many new parks planned in Ukraine. Recently, the government revealed that it wants to build 25 state-funded industrial parks around Ukraine to bring in investments and develop the regions around Ukraine. 

“Over the next three years, the Government plans to build infrastructure for a network of 25 state-funded industrial parks. This will ensure the creation of hundreds of thousands of jobs in related sectors of the economy. I want to emphasize that industrial parks are also platforms for investment by Ukrainians from abroad,” said Oleksiy Chernyshov, Minister for Communities and Territories Development of Ukraine, back in July.

He pointed out that his ministry, the Ministry of Economy, and the Parliament Committee on Economic Development already have prepared a bill for parliament in the second hearing. The government will build the roads needed for the industrial parks and provide support for loans related to the building of the industrial parks. The government also aims at providing tax benefits for companies registered in the parks.

The Ukrainian Prime Minister Denys Shmyhal wrote on Telegram that such industrial parks will help develop technologies and the creation of tech and manufacturing companies. Moreover, it could create a link between technology companies and manufacturers. 

“We start to establish Industry Centers 4.0 in the regions. The Government endorsed a decision that will allow creating such centers on the basis of industrial and science parks, universities,” Prime Minister of Ukraine Denys Shmyhal wrote, according to Ukrinform.