Facts and Figures
North Macedonia
- Population
- 2.1 million (2020)
- Capital
- Skopje
- Major Cities
- Veles, Ohrid, Tetovo, Bitola
- GDP per Capita
- 5,888 USD (2020)
- Average Age
- 39.1 years
- Main Industries
- agribusiness, food processing, textile, ICT
The entrepreneurial ecosystem in North Macedonia
The entrepreneurial ecosystem in North Macedonia has progressed rapidly in the last five years, mainly driven by three actors - entrepreneurs, Startup Macedonia (SM) and the Fund for Innovation and Technology Development (FITD). There is a strong cooperation between Startup Macedonia and FITD on policy (National Startup Council) and boosting the supply of support services and financial instruments available to startups. Moving forward, key challenges remain around startup internationalization, investment and global scaling.
Competitive advantage: well structured and affirmative climate towards startups and startup founders