Eastern Europe is becoming a tech hub

IBA Group
Mark Kobayashi-Hillary

Several business magazines and journals have been focused on growth in Central and Eastern Europe over the past few months. The main angle of the observations is that the CEE region has moved far beyond the traditional role as a lower cost alternative to undertaking technology work in Western Europe and is now fostering a hub of talent that should be sought after by the world.

There are now a number of successful startup companies from the region that are dominating their own niche. Ustream from Hungary is a great example. People all over the world are using the Ustream app to live stream events direct from their phone to the Internet without ever questioning where the app came from.

And even in the more traditional IT service sector, the talent available is some of the best in the world. The CEE region regularly ranks at the top of the world for educational achievements in maths, science, and technology. In the 2013 Google Code Jam competition, 16 or the 24 finalists were from Eastern Europe.

The IT service sector is already strong and mature and the startup sector is growing. All the major European accelerators are now regularly visiting the CEE region and looking for companies to invest in. This growth in the innovative startup sector will only make the wider IT community stronger as the CEE region becomes a place that people want to include on their CV. Have you explored some of the opportunities available from companies working in the CEE region yet?

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