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Diia.City United CEO explained the sources of funding for the union

CEO of Diia.City United Natalia Mykolska noted that the union is financed from several sources — primarily, funds from entrepreneurs who are members of the union’s strategic council, as well as from annual contributions from its members and donor funds.

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Diia.City United CEO explained the sources of funding for the union

CEO of Diia.City United Natalia Mykolska noted that the union is financed from several sources — primarily, funds from entrepreneurs who are members of the union’s strategic council, as well as from annual contributions from its members and donor funds.

She spoke about this in an interview with dev.ua.

“We don’t say: ‘Oh, we have a problem. Do something or the industry will die!’ We come up with options on how to solve it.” CEO of Diia.City United Natalia Mykolska on interaction with the authorities and decision-making within the union itself
«We don’t say: ‘Oh, we have a problem. Do something, because the industry will die!’ We come up with options on how to solve it.» CEO of Diia.City United Natalia Mykolska on interaction with the authorities and decision-making within the union itself
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«We don’t say: ‘Oh, we have a problem. Do something, because the industry will die!’ We come up with options on how to solve it.» CEO of Diia.City United Natalia Mykolska on interaction with the authorities and decision-making within the union itself

«The association was created by the founding companies, but Diia.City United is independent of the state and the influence of one business, one founder, member of the strategic council or group and represents the interests of the entire industry. We have a strategic council, which currently unites 15 top technology entrepreneurs. It is the funds of these technology entrepreneurs in the first period of time that are the main source of financing for the association. In addition to being our «think tank», they are also our «financial center», — explained Natalia Mykolska.

She also announced that there are currently plans to expand the composition of the Diia.City United strategic council.

«The strategic council is the people who actually payback the entire technological ecosystem by creating this association, driving its development, and taking on its financing. But the very paradigm of the association is built on independence from any specific representative. That is why it was decided that the strategic council should be large enough so that the association does not depend on anyone in the context of making its decisions and there is no risk of «financial control,» Mykolska added.

She named the second source of revenue as the members' contributions, which they pay once a year, but, according to the CEO of Diia.City United, they are not yet the main part of financing the union’s activities.

«In addition, we also have partners and grantors. But, again, the paradigm of the union states that grantors’ funds cannot be the main part of our funding. The union must primarily work in the interests of the technology industry and its participants. We cooperate with grantors and donor organizations when our interests and goals coincide, and we can carry out joint projects that will be of value to our participants,» emphasized Natalia Mykolska.

In addition, as dev.ua wrote, the CEO of Diia.City United claims that every company that plans to join the union it leads undergoes a check for ties with Russia and other unfriendly states.

Recall that the Diia City United alliance was officially presented on February 6, 2024. At that time, it included Ajax Systems, Genesis, Monobank, MacPaw, Roosh, Reface, Gathers, Nova Digital, Mate academy, Netpeak Group.

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