The Ukrainian IT industry has an annual turnover of $5 billion and is the 3rd largest export industry in Ukraine. Kharkiv is a major hub for IT with over 200 companies and 22,000 IT professionals. Kharkiv has 5 universities that specialize in IT education and produce over 6,000 graduates each year. The Kharkiv IT Cluster was formed to develop Kharkiv's IT ecosystem and make it the top IT location in Ukraine by providing access to skilled professionals, universities, and government support for IT companies.