Belgrade and Novi Sad
Improving education related to interactive media is the key for further development of the Serbian gaming industry. We are building the next generation of innovators, which are essential for ensuring our competitiveness in the global economy
Since Serbia’s economic reform in 2018, Serbia and the region around its capital city have quietly grown into one of the premier investment locations in central and eastern Europe. The Financial Times has ranked Serbia number 1 in the world in greenfield FDI performance twice in the last 3 years, and the country creates the most FDI jobs per million inhabitants, according to the IBM Global Location Trends 2020 report. World-class companies investing in the country include Bosch, Michelin, Siemens, Microsoft, Panasonic, Cooper Tires, and many others. The dynamism and knowledge brought into Belgrade by this influx of foreign investment has now begun to percolate through the local startup ecosystem. Serbian Innovation Fund has introduced new programs, thus expanding funding opportunities for Serbian startups. Smart Start offers pre-seed grants of up to EUR 30,000 and aims to disburse up to US$1 million in financing for startups. In addition to granting schemes for startups (up to EUR80K), innovative projects of more mature companies (up to EUR300K), as well as technology transfer programs and innovation vouchers, Innovation Fund is launching the new acceleration program with international partners. The Katapult Enterprise Accelerator program will launch in fall 2021 and offers to match private funding rounds up to EUR 300,000. There is also growing interest of international and domestic investors for innovative companies in Serbia, which proves the advancement of the ecosystem and its recognition worldwide. This ‘pay it forward’ ethos is central to the Belgrade and Novi Sad ecosystem and can be found at all levels and across Serbia.
Ecosystem by the numbers
Reasons to move your startup to Belgrade and Novi Sad
Benefits to Off-Set Operational Costs
Cabinet of the Minister for Innovation and Technological Development
The Cabinet of the Minister for Innovation and Technological Development’s goal is the digitalization and development of intelligent and efficient infrastructure, making the country an attractive location for entrepreneurship, where large companies and startups can cooperate and be partners in achieving economic growth and job creation. By building the innovation infrastructure, science-technology parks, startup centers and strengthening ties between science and industry, the Cabinet continually works towards making Serbia a regional innovation leader. Empowerment of female entrepreneurs and promotion of their innovative ideas is also one of the Cabinet's key missions.
Digital Serbia Initiative
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