Ukrainian entrepreneur, founder of UFuture Investment group and foundation K.Fund
Khmelnytsky was born in 1966 in Bayan-Aul (Kazakhstan).
In 1987 through 1991, Khmelnytsky worked as a gas and arc welder and a foreman at a construction and assembling department in Leningrad (now Saint Petersburg), Russia. In 1991-1998, he headed the information department of the U.S.-USSR joint venture Orimi Wood (Saint Petersburg), Danapris Company, and the information analysis department at the Real Group.
In 2003, Khmelnytsky graduated from the Law Department of Taras Shevchenko National University of Kyiv.
Khmelnytsky was also a people’s deputy of five convocations. He was elected to the parliament for the first time in 1998, representing the Party of Greens. During his tenure, he worked in various factions and deputy groups. In 2014 he finished his political activities as a member of the Sovereign European Ukraine deputy group. At present, he does not belong to any political parties. He has been working in the Ukrainian League of Industrialists and Entrepreneurs (ULIE), as Vice-President since 2014. From 2015 – first Vice President of ULIE.
“We are heading towards Europe where the functions of politicians and businessmen are clearly distinguished. For many years in Ukraine political activities were the only way for many entrepreneurs to protect their businesses. However, we should change this frame of reference. It is logical to start from yourself. So, I decided to focus on business and economy, while a new generation should come into politics.”
Interfax-Ukraine, August 2014
Vasyl Khmelnytsky, together with his partners, invests in the development of various businesses in Ukraine and they prefer cooperation and joint management. He is the founder of UFuture Investment group – one of the leading investment groups in Ukraine, specializing in major infrastructure initiatives. The group incorporates the leading Ukrainian real estate development company UDP, which has implemented 11 projects totaling 3 million m². The most prominent projects are Kyiv International Airport, Ocean Plaza shopping mall and such residential complexes as Novopecherski Lypki, Boulevard of Fountains, RiverStone, and Parkove Misto.
The entrepreneur invests in the industries of the future, first of all in renewable energy, electric cars, agricultural biotechnology, education and IT. UFuture includes Biofarma, RTM, UDP Renewables, Bila Tserkva Industrial Park, innovation parks – Unit.City, LvivTech.City.
“It all began when Cisco invited me to the Silicon Valley of India – Bangalore. Twenty years ago, American companies launched many branches there. As well as money, they brought knowledge with them which allowed training of local professionals. And many of them have started their own businesses. Today India exports IT products worth dozens of billions dollars… This example inspired me. Ukraine has a strong basis for training math experts, however, we mainly train technical experts for outsourcing. Some 5,000-7,000 technical experts leave the country every year. If we want them to stay, we have to create attractive conditions for international companies which could open their offices here.”
Forbes Ukraine, October 2013
Vasyl Khmelnytsky has two sons – Oleksandr and Ivan – and a wife, Zoya Lytvyn.
Public initiatives supported by the businessman include projects of Kyiv International Economic Forum (KIEF); the modern model of regional development “Bila Tserkva 2025”; the unique educational IT-factory UNIT Factory; the Osvitoria Social Organization, a modern secondary school Novopecherska School in Kyiv and ILearn online platform for orphans and children from needy families; publishing project K.Fund Books, Lean Institute Ukraine (LIU), information resource about new possibilities – K.Fund Media. Vasyl Khmelnytsky coordinates support for projects in the fields of education and economics through his foundation K.Fund.
“Once, after a meeting with students in the 10th and 11th grades, a good friend of mine who is a successful man called me. When he asked [the students] ‘who wants to become a businessman?’ only two persons raised their hands. The others wanted to leave to go abroad. He was even more upset when they asked why he was still here… They keep telling us, ‘Don’t worry, the next generation will be better.” It won’t, unless we take care of education, implant aspiration for development, and responsibility for their lives, to give young people an opportunity to achieve success in their native country.”
Novoye Vremia Weekly, June 2015
In 2017 Vasyl Khmelnytsky headed the supervisory board of the National Technical University “Kharkiv Polytechnic Institute” and Lean Institute Ukraine – a project designed to raise the innovativeness and the competitiveness of Ukrainian companies through the implementation of lean methodology.
How we created UNIT.City. The right leadership, 2017
Business School MIM-Kyiv, 2017