Facts and Figures
Serbia
- Population
- 6.6 million (2022)
- Capital
- Belgrade
- Major Cities
- Novi Sad, Niš, Kragujevac, Čačak
- GDP per Capita
- 9,537 USD (2020)
- Average Age
- 42.8 years
- Main Industries
- energy, automotive, machinery, mining, agriculture, and IT
The entrepreneurial ecosystem in Serbia
The entrepreneurial ecosystem of Serbia has moved beyond the early stage of development. Organizations are creating tailor-made startup support programs. Funding is available from the government (Innovation Fund Serbia) and private sector (angels, funds). Startups are diversified and specialized into verticals such as deep tech, fintech, agritech, IoT, resulting in the development of Serbia’s globally competitive gaming industry. The challenge of scaling and growing a business remains the major concern of Serbian entrepreneurs.
Competitive advantage: presence of different startup verticals and vibrant pool of tech talents