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First business incubator in housing sector launched in Ukraine

Kyiv, July 10 (Interfax-Ukraine) - The first business incubator in the housing and utilities sector, the Upravitel, has been launched in Ukraine to help students and beginning entrepreneurs start a business and implement projects to manage apartment buildings, Chairman of the Public Council at the State Service of Ukraine for Regulatory Policy and Entrepreneurship Development (Entrepreneurship) and Head of the Upravdom XXI All-Ukrainian Economic and Social Project Pavlo Mikhailidi has said.

"The Upravitel business incubator is to help young enterprising people and students start their business in the housing and utilities sector - be it a company managing apartment buildings or certain services related to resource and energy conservation," he said at a press conference at Interfax-Ukraine in Kyiv on Tuesday.

Mikhailidi said that the Ukrainian market for housing and utility services is promising for business.

"Please tell all interested representatives who would like to see themselves as entrepreneurs in this sphere: if we take a small 500,000-square-meter housing estate for 50-70 nine-storey buildings and the fee for servicing the local area is UAH 2 [per square meter], we get UAH 1 million per month. I think that any entity will be able to organize the work of its management company for UAH 1 million per month," he said.

Mikhailidi said that the implementation of the business incubator project in the housing and utilities sector starts with Kyiv and then Crimea, Donetsk and a city in western Ukraine. In future it is planned to launch the project in other cities of the country.

"Today we are also launching the online-upravitel program (available at http://upravitel.biz/)," he said.

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