Ukrainian entrepreneur, founder of UFuture 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.
“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’s priority is developing innovative industries and enhancing Ukraine’s competitiveness in international markets. His holding company, UFuture, has a diversified portfolio of assets in the fields of real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. Currently, the company’s assets are estimated at $550 million, and the total capitalization of the businesses it invested in is more than $1 billion.
UFuture is a majority shareholder in UDP development company (specializing in large infrastructure projects), Kyiv Sikorsky International Airport (the second international airport in Ukraine by passenger traffic), national operator of outdoor advertising RTM-Ukraine, and a group of IT companies and an ecosystem of tech solutions ITernal. UFuture is a strategic investor in the pharmaceutical company Biopharma and UDP Renewables, renewable energy investment and development company. UFuture is also developing new business projects including UNIT.City innovation parks in Kyiv and Kharkiv, LvivTech.City in Lviv; Bila Tserkva industrial park and a manufacturer of modern electrotechnical systems, Plank Electrotechnic.
“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 supports social projects in the fields of education and economy. These include Kyiv International Economic Forum, innovation IT-schools UNIT Factory in Kyiv and Kharkiv, Lean Institute Ukraine, UNIT School of Business, INDAX accelerator, Novopecherska School, publishing projects K.Fund Books and #bestread.
“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
Since 2017, Vasyl Khmelnytsky has been heading the supervisory boards 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. The entrepreneur is convinced that Ukraine offers unique opportunities for business development through the partnership of international and local companies. According to him, exchange of experience and knowledge, attraction of the best world technologies and management practices, support of small and medium-sized enterprises contribute to business success and are essential for the growth of the country’s economy.
What do I create UNIT.City innovation park for? | Vasyl Khmelnytsky
Vasyl Khmelnytsky. Speech on “Business Concentrate 3.0”
Public Talk with Vasyl Khmelnytsky, 2018
How we created UNIT.City. The right leadership, 2017