Sergey Tokarev at WebSummit: Business strengthens when supporting the system

Attending dedicated events is one of the best tools for business development. It allows attendees to share their experiences, discuss the latest trends in developing businesses, and discover new opportunities and solutions to enhance business performance. However, it is challenging to follow each business development step when war destroys infrastructure, homes, and lives. Sergey Tokarev, the Roosh Founding Partner, called on Ukrainian businesses at Web Summit 2022 to care about the system they work within.

Since the full-scale Russian invasion on February 24, many IT companies have faced crises and lost many employees. However, the brevity of Ukrainians and their love for the country helped them unite their strengths, do their best to maintain all working processes and continue to develop the IT sector. 

Sergey Tokarev and other participants spoke about their experience and how they could withstand it by looking for opportunities and developing new solutions. He participated in the Web Summit event on 1-4 November in Lisbon, Portugal. More than 70,000 attendees were at the conference. Ukraine hosted its pavilion for the second year in a row.

The entrepreneur’s mission was to encourage other Ukrainian founders, CEOs, investors, and event participants to care about the system they work in today. He noticed the importance of caring more about employees, society, public infrastructure, and the international community. Sergey Tokarev added that only with unity can we outlive crises, make the Ukrainian IT sector prosper, and attract more global partners.

The Roosh founder shared his experience of launching a venture firm. It didn’t happen at favorable times and conditions. During COVID-19, he risked creating a new project, Roosh Ventures, to help startups boost and accelerate.

Also, Sergey Tokarev has always dreamed of creating the most prominent IT hub in Eastern Europe to support AI and ML projects in Ukraine. He could make his dream come true by developing a full-fledged tech ecosystem, Roosh. Today, this system includes venture studio Pawa,  AI-based startups Reface and Zibra AI, SET University in Kyiv, and AI HOUSE. AI HOUSE is another project that trains AI and ML specialists and helps them create a community.

During the conference’s four days, other Ukrainian speakers had the opportunity to conduct panel discussions. Among them were Deputy Minister of Digital Transformation Oleksandr Bornyakov, Deputy Chief of Party, USAID Justice for All Program Natalia Petrova, and Head of Product Pawa Tetyana Yaroshenko. They also contributed to saving a business and sharing opportunities to develop it during crises and war. They also discussed how the situation affected startup development and employment in the Ukrainian IT sector.

The First Lady of Ukraine,, Olena Zelenska,, also attended the Web Summit. She opened the conference with a brief speech on how technology should be used to invent new things and help people instead of destroying the world. The largest IT conference in the world took place in Lisbon, Portugal, from November 1 to 4. It is an annual event that gathers IT professionals from all over the world.

FAQs – Sergey Tokarev at WebSummit

Who is Sergey Tokarev?

He is the Founding Partner of Roosh Ventures, an investor and entrepreneur known for his focus on innovation and supporting the business ecosystem.

What did Sergey Tokarev emphasize at WebSummit 2022?

At WebSummit 2022, Sergey Tokarev emphasized the importance of businesses supporting the ecosystem in which they operate, including focusing on employees, society, public infrastructure, and the international community.

Why is ecosystem support important for businesses?

Ecosystem support is crucial because it fosters sustainable growth, drives innovation, and positively impacts society and the environment, ensuring businesses thrive in a healthy and supportive environment1.

How can businesses foster ecosystem support?

Businesses can invest in employee well-being, contributing to public infrastructure, engaging with the local and international community, and implementing sustainable practices.

What is the role of innovation in ecosystem support?

Innovation plays a crucial role in ecosystem support by enabling businesses to develop new solutions, improve efficiency, and create sustainable growth opportunities, ultimately benefiting the entire ecosystem.