Entrepreneur, founder of 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. Almost every project has its own configuration of shareholders and management.
Today, Vasyl Khmelnytsky’s main activities are focused on real estate development business. He is a majority shareholder in UDP company which specializes in big infrastructure projects, including Kyiv International Airport, Bila Tserkva industrial park, Ocean Plaza shopping mall, and such residential complexes as Novopecherski Lypki, the Boulevard of Fountains, RiverStone, and Parkove Misto. Khmelnytsky is also an investor in BIOFARMA (pharmaceuticals), Star Media (film and TV production) and, RTM (national advertising operator). The entrepreneur strives to create hi-tech industrial facilities, develop innovation parks and, attract foreign investment and technologies in Ukraine.
“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 Technology Companies’ Development Center TCDC; 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; the first inter-corporate IT university BIONIC University (the first of its kind in Ukraine), publishing project Khmelnytsky’s Library, Lean Institute Ukraine (LIU), information resource about new possibilities – K.Fund Media.
In 2015, Vasyl Khmelnytsky united his public activities into K.Fund. The fund’s goal is to help talented young people achieve success in Ukraine and give young professionals the keys to open up new horizons and find a way towards their dreams.
“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”. The entrepreneur believes that modern Ukrainian higher education should be close to solving practical problems in the economy, management, production.
How we created UNIT.City. The right leadership, 2017
Business School MIM-Kyiv, 2017