Project was supported by the German International Cooperation (GIZ) in the long-term project “Promoting economic development and employment “, which aims to explore the economic potential of the region and stimulate economic development. The study included analysis of existing human capital for the industry in educational institutions of the city, interviews with key interested parties, student survey, IT specialties and a round table. The result of the study was the final analytical report containing practical recommendations on the next steps for the development of IT industry in the city of Chernivtsi.