- About BIONIC Hill
- For companies
- For Residents
- For the state
Innovation Park BIONIC Hill is oriented to the development and implement of progressive solutions in IT sphere, biotechnology, energy saving and using alternative energy sources. The project is being developed with the support of State Agency for Investment and National Projects of Ukraine, Kiev City State Administration and State Agency on Science, Innovations and Informatization of Ukraine. BIONIC Hill meets the strategic directions of innovation activity in Ukraine, constitutes a part of the national project “Technopolis” and is a tool to implement Kyiv development strategy by 2025. BIONIC Hill is a hart of the innovation ecosystem of Ukraine, beating for the modernization of the entire national economy.
Innovation Park will contribute greatly to modernization of the country and transition from recourse-based to high-tech economy model. Building of BIONIC Hill will provide increasing of direct foreign investment, share of hi-tech export and GDP per capita in 3-4 times and, correspondingly, will allow Ukraine to enter the range of developed countries in the world.
BIONIC Hill will provide 35 000 workplaces, involvement of leading international technologies, experience and investment. At the stage of full growth of BIONIC Hill, according to conservative assessments of the reputable international company Ernst&Young, the revenues of innovation resident companies are expected to achieve $900 billion a year and export volume of high-tech production with a high added value nearly $700 billion a year.
Annually near 6 000 of skilled IT specialists leave Ukraine and as a result the country loses from $300 to $900 billion GDP (labor productivity per employee at an outsourcing model is approximately $50 000 a year, at a productive model is nearly $120 000 - $150 000 and even more). Opening of BIONIC Hill will decrease drain of skilled personnel abroad and will help our youth to realize their potential at Homeland.
Feasibility analysis of BIONIC Hill has been made by Ernst&Young and approved by the Cabinet of Ministers of Ukraine. According to the experts’ assessment, at full production level of the project BIONIC Hill, the revenues of resident companies will exceed $900 million a year, аnd tax revenues to the budgets will be more than $160 million a year. For this money it is possible, for example, to build 15-20 new modern schools every year.