A glance at the startup ecosystem in Serbia
The Serbian economy is known to be centered on traditional industries and sectors and less known for its entrepreneurs and startups. This has been changing in the recent years in light of the growth exhibited in this area and the success of local startups internationally. Attention and media coverage were also elevated through recent transactions around Frame and 3Lateral.
My study takes a closer look at the Serbian ecosystem and is a snapshot of a changing environment with information and insights on the current state. It aims to shed a fair amount of light on each of the main participants, i.e. the startups, the support system provided by hubs and incubators, and of course the investors. A particular focus is laid on the startups and their journeys, deriving conclusions on what in general is needed for startups and the ecosystem to develop better and faster.
The study is based on information provided by companies and organizations deeply connected and working with startups, however, it cannot claim completeness regarding the number or classification of startups in the market. Overall, the study intends to provide a glance at a very interesting, innovative and fast developing area.
This study was conducted for and on behalf of the German-Serbian Chamber of Commerce.
Download the study below:
