Ukrainian startups rate their biggest obstacles

Ukraine's turbulent 2014 worsened the investment climate, including venture capital - which dropped in half to $40 million. It's a big problem for the more than 2,000 Ukrainian startups.

A Kyiv Post survey of 47 startups, from e-commerce to mobile applications and hardware products, shows bureaucracy and bribery are key obstacles. Other problems: Russia's war in the east, general investor disinterest, weak corporate legislation, low purchasing ability, a lack of incubators, accelerators and mentors, hryvnia devaluation and poor intellectual property rights protection.

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