Belgrade and Novi Sad’s Tech Ecosystem By the Numbers
The Ministry of Science, Technological Development and Innovation, Digital Serbia Initiative, and Startup Genome have teamed up to spotlight the Belgrade and Novi Sad entrepreneurial ecosystem in the Global Startup Ecosystem Report:
The ecosystem created $911 million in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 6% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.
Top 20 European Ecosystem in Affordable Talent — measures the ability to hire tech talent
Top 40 European Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding
Tech talent, tax incentives, and international connections are cited as reasons a startup should move to the ecosystem
The Gaming, Blockchain, and Life Sciences sectors are highlighted for their density of talent, support resources, and startup activity
“Serbia's booming startup scene reflects our nation's blend of technical prowess and industry know-how, support from both public and private sectors, and wilingles from all stakeholders to channel efforts into innovation,” says Saša Popović, Co-founder and CEO of Vega IT and Board President of Digital Serbia Initiative.
"As specialists in policy-driven economic transformation, we take pride in continuing our long-standing collaboration with the Belgrade and Novi Sad tech ecosystem," states Stephan Kuester, Managing Partner at Startup Genome. "Teaming up with our esteemed local partners, the Digital Serbia Initiative and our partners in the Cabinet and Ministries, we eagerly anticipate spotlighting the developments behind Serbia's ambitious startup ecosystem and its effective pursuit of wider digital transformation. And with its new developments in BioScience Serbia will surely start adding another chapter to its success story."
For more insights and an overview of Belgrade & Novi Sad’s startup landscape, visit the Belgrade & Novi Sad’s ecosystem page.