The European Bank for Reconstruction & Development (EBRD) recently announced plans to start a Private Equity Fund in 2015 in Ukraine. As announced by the UBRD Director for Ukraine Shevko Adzhuner this fund will be focused on technology companies including IT industry. The fund size is planned to be approximately $50 to $60 million USD.
We are very excited to see this continued development and assistance in developing the IT industry in Ukraine. (In Russian) http://interfax.com.ua/news/press-conference/236367.html
If you manage a software engineering department or a team, you have definitely thought about this at one time or another. If I bring on a new developer, how long is it going to take until he/she is actually productive? If you have brought other developers in-house periodically then you will have an idea of the average time period. But if not, there are some factors that you can look at in order to help you determine whether that “getting up to speed” time period is going to be fast or slow.
I attended a conference a couple of weeks ago on Innovation, a lunch time discussion with my fellow attendees has led to a discussion on linkedin – http://linkd.in/1wue8Sx
The gist is really, what is innovation, what does a company have to do in order to be considered “innovative”? Actually coming up with something that no one has ever done before, or doing something in a new way, that no one on the planet has ever done before. It is easy to call those things innovative. But if that is the pure definition then really how many people and companies can be considered innovative. Join the discussion.
Might be a stretch to compare Billy Beane giving up $12.5 million to those persons attempting to innovate within banks, but agree that there needs to be innovation in how banks engage their customers