According to IT Research 6.0, currently, there are 511 tech companies in Lviv. 328 new companies emerged in the past 6 years: from 192 in 2015 to 511 in 2021.
17 companies in the TOP 50 largest IT companies ranking by DOU are members of the Lviv IT Cluster, and 24 companies have offices in Lviv. In 2021, 11 Ukrainian IT companies were included in the last best outsourcing companies in the world according to AIOP (The Best of The Global Outsourcing). 7 of these companies are members of the Lviv IT Cluster.
In 2021, Lviv climbed 99 positions in the global ranking of startup systems according to StartupBlink and took 225th place among 1,000 startup ecosystems in the world.
The advantages of the city on the international IT market
As an attractive investment destination, the Lviv IT market is economically feasible for starting a tech business. The city boasts its qualified human capital: in 6 years the number of IT professionals working in Lviv has increased from 13 thousand to 31 thousand. Most IT professionals, namely 41%, have a Middle level of qualification.
According to IT Research 6.0, the overall economic impact of the IT industry has doubled in the last 5 years: from $734 million in 2016 to $1.4 billion in 2020.
Lviv also has an attractive environment for opening new companies and company branches. Highly-qualified professionals bring Lviv closer to a world-class high-tech center.
The city has seven universities that prepare more than four thousand talented graduates with tech majors every year. Academies and IT companies’ schools support the students and others who wish to learn a profession in tech. Besides, there are about 30 academies that offer short-term courses, with more than 10,000 graduates in 2020. Three universities offer 17 brand-new BSc for more than 4,000 students in various areas of tech: from the Internet of Things, Artificial Intelligence to HR, IT Sales and Management. According to a survey conducted by DOU, Lviv is the only city to which many return after studying at a university in another region.
Lviv is located close to the EU and at the crossroads of international transport routes, so it is an attractive place for talents looking for new opportunities, young entrepreneurs and foreign investors. Due to its historical past and location, Lviv has embraced European culture and mentality. More than one-third of Lviv IT professionals know a second European language apart from English. Since the city is located in the very heart of Europe, it is a convenient outsourcing destination: a flight from Lviv to major business centers in Europe takes approximately three hours. Therefore, one-third of Lviv IT companies’ clients are Europeans, and half of them are Americans.
Over the past five years, IT market in Lviv has increased threefold. 90% of IT companies’ CEOs consider Lviv a favourable place for business, and more than 83% of them plan to continue investing in it. Many local companies open branch offices abroad, the export market is growing, and a large number of Ukrainian IT specialists are moving to Lviv from other cities. Also, Lviv hosts large-scale tech events.
Many local companies open branch offices abroad, the export market is growing, and a large number of Ukrainian IT specialists are moving to Lviv from other cities. Lviv hosts large-scale tech events, including IT Arena, which brings together more than 5000 tech professionals, designers, top managers, entrepreneurs, business analysts and startupers annually.
A unique B2B platform, Lviv Tech has been recently launched in Lviv. The platform connects the city’s IT industry with American and European clients.