Insights from Ukraine at Forbes Tech 2023

Press Release from Acumen International: Global EOR/PEO

Forbes Tech 2023 in Lviv emerged as a pivotal gathering for business leaders and tech innovators, offering fresh perspectives on technology’s evolving role in these challenging times. The event brought together tech industry leaders and experts to share insights into digital transformation and the challenges and achievements within their sectors.

The strategic panels and sessions at ForbesTech 2023 centred on AI’s transformative impact and its practical applications across various industries, business domains, and everyday life. Amidst the backdrop of war, the conference highlighted the country’s rapid emergence as an innovator in defence technology, reflecting on the vital role of tech advancements.

The discussions illuminated several key trends:

Roman Prokofiev, co-founder of Jooble, emphasised the increasing shift towards continuous learning. He noted that people are currently changing careers approximately 2.5 times in their lifetimes, a rate expected to multiply by 5 to 7 times over the next two to three decades. Roman also reflected on Ukraine’s unique position in the IT sector. ‘We are the IT underdogs,’ he stated, emphasising the extraordinary achievements made in Ukraine despite the challenges.

Vitaly Sedler, co-founder and CEO of Intellias, brought a unique perspective on Ukraine’s role in technology, particularly in defence tech. ‘Ukraine has rapidly emerged as an innovator in defence technology,’ he stated, emphasising the sector’s explosive growth. He further added, ‘Considering our advancements in engineering, I believe we’re on our way to becoming a centre of innovation.’

Oleksandr Konotopskiy, founder and CEO of Ajax Systems, spoke about the significant changes reshaping Ukraine. ‘We’re witnessing tectonic shifts in our country, not just in its demographic composition but in its industrial focus as well,’ he observed. Konotopskiy pointed out Ukraine’s emerging role as a major arms producer, an unimaginable development just two years ago.

Navigating Challenges and Envisioning the Future

In the session titled “First Things First: Challenges, Solutions, Forecasts” at ForbesTech 2023, moderated by Maria Shevchuk, CEO of IT Ukraine Association, Ukrainian tech industry leaders gathered to reflect on the challenging year of 2023 and to share their forecasts for 2024 and beyond.

Vitaly Sedler, co-founder and CEO of Intellias, initiated the dialogue with insights into the evolving business environment in Ukraine. He stressed the necessity for businesses to deepen their competencies and innovate to gain new competitive edges.

Oleksandr Konotopskiy, CEO of Ajax Systems, gave a balanced view of Ukraine’s tech future. He sees Ukraine as a rising global innovation hub but admits there are big challenges to overcome. ‘We’re on our way to that status,’ he said, stressing Ukraine needs to look at its global role and attract international talent to become a true innovation hub.

Taras Kytsmey, co-founder and board member of Softserve, then shifted the focus to the interplay between state responsibilities and business roles. He underscored the importance of the state in providing education and businesses in creating employment opportunities and ensuring fair compensation. This, Kytsmey argued, is essential for fostering a sustainable and thriving economic landscape.

The session also featured Volodymyr Krasotin, digital transformation director at the pharmaceutical company Darnitsa, who brought a unique perspective. He humorously introduced Darnitsa as a “well-known IT company that produces medicines,” highlighting the ubiquitous nature of digital transformation across various industries. Volodymyr shared his comprehensive approach to digital transformation, extending beyond his company to include partners and collaborators in shaping the future.

The session concluded by exploring Darnitsa’s approach to handling workforce challenges amid the situation in Ukraine, particularly focusing on its strategy for digital transformation and global hiring practices.

Express Global Employment Solutions for Ukrainian Businesses

In these challenging times, our team at Express Global Employment is dedicated to helping Ukrainian companies navigate the complexities of workforce displacement. We specialise in the Global Employer of Record (EOR) model, which is an essential service for businesses affected by the current situation.

Media Head Iryna Oprya and Sales Manager Dmytro Koshkin from Express Global Employment highlighted the practical ways our comprehensive global employment services are helping Ukrainian businesses adapt and ensure business continuity. Iryna Oprya shares:

'In these challenging times, Express Global Employment serves as a strategic ally to Ukrainian companies with dispersed workforces worldwide. Our Global Employer of Record (EOR) service provides a crucial lifeline, ensuring seamless business continuity and maintaining connections between Ukrainian companies and their global employees.

Express Global Employment solutions are designed to effectively address this issue. We streamline the re-hiring, management, and retention of employees for Ukrainian businesses, even when these workers have had to relocate internationally. Our expertise in handling the complexities of international employment law and administrative processes relieves companies from the burdensome task of establishing their own legal entities in every country where their workforce is now based. Our all-in-one Express Global Employment service is more than just a convenience; it’s a critical component for sustaining business operations.

When key Ukrainian staff members are globally dispersed, Express Global Employment ensures they remain employed and productive within their original Ukrainian companies. This approach is essential in keeping businesses operational and uninterrupted, adapting seamlessly to the workforce’s new geographical distribution. We provide a vital bridge that connects Ukrainian companies with their employees worldwide, maintaining continuity and stability'.

Learn more here.