Ukrainian Startups Amid War: In Conversation with Alex Petrenko

The Ukrainian startup industry has faced immense difficulties due to the ongoing war with Russia. This has displaced many Ukrainian startups, with 30% moving abroad. Despite this, Ukrainian startup founders have shown immense resilience, turning these challenges into novel opportunities while redefining the global technology landscape. In this article, Alex Petrenko, co-founder of Zibra AI, discusses his experience innovating in a time of conflict.

Global Connections

When Alex Petrenko was asked how this migration outside of the country would impact the Ukrainian startup ecosystem, he noted it as a positive. “It’s beneficial overall,” the founder noted. “​​It allows Ukrainian startups to access external communities and expertise, which helps us grow and innovate.” He is also proud of the expansion the Ukrainian startup ecosystem has made, mentioning how “historically, Ukraine was famous for its service expertise, especially in outsourcing . . . But this has shifted toward product and startup-level expertise.”

Networking has also played an important role in this transformation. As Ukrainians in the startup space meet people across the globe, they can connect with global tech communities. These connections not only add to their expertise but also contribute to the startup ecosystem by creating new opportunities for founders.

The Power of Resilience

When asked how Ukrainian startups have survived, the founder shared that many businesses faced a difficult choice at the beginning of the war: shut down or survive. Petrenko states, "all of [his] founders decided to actively support military and defense forces while continuing to operate their businesses.”

This determination has led to a slew of incredible results for founders. “We’ve built a level of resilience that is unique,” Petrenko noted. “These experiences prepare us for any future challenges.”

Petrenko also emphasizes that the war has allowed Ukrainian startups to garner a new level of attention on a global scale. “It shows venture funds and big enterprises that Ukrainian founders can build and sustain companies even under the most challenging circumstances.”

The Role of External Support

Global support has also played a pivotal role in the continued growth of the nationwide startup ecosystem. Programs such as Google’s Ukraine Support Fund have given funding, software credits, and mentorship to startups. To Petrenko, these initiatives have been “extremely helpful,” allowing startups to operate efficiently despite the circumstances.

However, he also pointed out areas where support in fostering online connections could improve. “Programs like these should include opportunities for in-person networking, even within Ukraine,” he suggested. “This would enhance relationships and help founders secure funding and partnerships.”

Advice for Aspiring Founders

Petrenko ended by saying “If you have an idea, just go for it. Joining or starting a startup is a once-in-a-lifetime experience. The skills and knowledge you gain are invaluable, and there’s no better way to learn than by doing.”