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Follow on Google News | Ukrainian Startup is getting Investments Only In case of Movement AbroadAuthoritative foreign company got interested in young Ukrainian project and specified that it would agree to invest if the team will move abroad for further development.
By: 2Polyglot The international freelance platform for translators, copywriters, language tutors and tour guides 2Polyglot was in competition with 50 other startups from all over Europe. After 10-minute pitch on the scene of Prague conference teams of participants were aimed to make new acquaintances, find influential mentors from big Hesperian organizations or attract imposing investments. Teams were looking for from 10 thousand dollars for website content to 300 million euros for creating test plant of production of constructions for bridges. The important factor interested investing company in 2Polyglot was growing market of linguistic services, which is actually young marketplace’ For last two years many Ukrainian startups remove their head offices abroad with the whole teams: developers of mobile application Looksery made a deal for about 150 million dollars and moved to the USA for continuing working for a product, IT-company 908 moved to Poland and Luxoft pronounced last year in May that it would remove about 500 programmers from Ukraine to Poland. The same situation is with 2Polyglot: foreign investing company considers cooperation only in case of moving to nearby Western country. Unfortunately, foreign investors are afraid of investing in Ukrainian projects and teams especially because of complicated condition in country. This factor is so important, so it becomes critical and required one. “Negotiations are just on a stage of discussion of cooperation conditions and moving to Poland will lead to much more expenses for a team, than it was in Ukraine due to rent price, judicial prices and other expenses. However, if moving will still be a requirement for receiving investments, than this decision is possible”, states founder of the linguistic freelance platform, Andrey Prudko. The work principle with the platform 2Polyglot is in that customer having a task to be performed, which is connected to language area (text translation, writing articles on any language, search of a language tutor or a guide for a tour in any location of the world), posts a task on a website 2polyglot.com and freelancers interested in a task, apply for it. Customer may choose a freelancer taking into account executor’s rating, his/her portfolio, possessing relevant certificates and price. Payment can be provided after proper performance in frames of deadline with possible option “Safe Deal”. End
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