Monday, July 22, 2013

Bionic Hill: Ukraine's 'Silicon Valley'

KIEV, Ukraine -- Bionic Hill Innovation Park is a hi-tech park being developed as a ‘live, work, learn, and play’ community.

Roman Popadiuk served as the first U.S. Ambassador to Ukraine. He is currently a principal with Bingham Consulting. Bingham Consulting has been retained by the Bionic Hill project to assist in developing the project.

Bionic Hill offers a unique environment for development and growth of high-tech and knowledge-based businesses in Ukraine, focusing on information and communication technologies, biotech and pharmaceuticals, energy efficiency and clean energy solutions.

Former U.S. Ambassador Popadiuk said: “Ukraine has a highly skilled IT workforce. This, coupled with the IT sector’s highly competitive labor costs, continues to be a strong attraction for foreign IT companies.”

Estimated project investment is to reach US $772 million.

Popadiuk continued: “The project is a private enterprise but has the support of the Kiev City Administration and the national government. The city is providing some infrastructure support and the national government, via the Rada, is planning a variety of tax incentives. The project also has the support of the national government’s State Agency for Investment and National Projects of Ukraine.”

Such support of the Government contributes greatly to the project development and ensures ‘green light’ in many aspects (tax and customs incentives in particular). 

Located on 363 acres of picturesque green area within the city of Kiev, the project is being developed as a prime mixed-use property with business, residential, educational, retail, and recreational facilities.

It will offer flexible business space and different types of residential spaces of 900,000 m2 (9.7 million sq ft) in total. 

Popadiuk said, “Bionic Hill will serve as a research and business base for the IT, biotech, energy and pharmaceutical industries. This expanse of business sectors will strengthen Ukraine’s economy and help spur job growth. The project, for example, envisions containing a workforce of 35,000.” 

“The Bionic Hill University will serve as an important center for training a new class of managers who can help lead Ukraine forward in the global economy. It will also serve as a center for research and conferences that will help highlight Ukraine’s important role in technology.” 

The project targets a wide range of tenant/partner companies: from promising technological start-ups and spin-offs to mature local companies and global hi-tech corporations. 

It will serve as a one-stop shop providing a full range of services: 

• high-quality real estate solutions (for accommodation of project teams, R&D operations, representative offices, showrooms, labs, clean production, etc.) 

• business support services (business incubator, co-working facilities, legal and accounting services, patent services, notarial bureaus, conference facilities, etc.) 

• resource center (training programs at Bionic University, HR support, networking and matchmaking, access to financing opportunities, etc.) 

• tax incentives for IT companies and R&D centers 

• accommodation for employees and visitors (hotel and dormitory facilities, apartments for sale/rent, detached houses for sale/rent) 

• centralized management of the park (centrally provided technical maintenance, landscaping, security, cleaning, etc.) 

To ensure a state-of-the-art environment, a number of leading professional partners have been involved to contribute to the project: a global leader in assurance, tax and advisory services (Ernst & Young), recognized international experts in planning, design and engineering (HWI, ARUP and SWA Group), a global leading specialist in energy and environmental design (AECOM), a major Ukrainian telecommunication operator (Kyivstar) and others. 

The Bionic Hill project construction will be performed in three stages, commencing in 2013 and being completed by 2020. 

The first construction stage is to be commissioned in Q1, 2015 and to include 100,000 m2 (1.1 million sq ft) of business space, housing, food courts, sporting facilities and recreational areas. 

Popadiuk concluded that, “Bionic Hill is an important development project for Ukraine. It will not only highlight the strength of Ukraine’s IT sector but also help broaden the foundation for future economic growth.” 

Source: Bingham Consulting

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