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Facts and Figures
North Macedonia

Population
1.8 million (2023)
Capital
Skopje
Major Cities
Veles, Ohrid, Tetovo, Bitola
GDP per Capita
8,146 USD (2023)
Average Age
40.6 years (2024)
Main Industries
agribusiness, food processing, textile, ICT

The startup ecosystem in North Macedonia

North Macedonia's startup ecosystem is growing, with new actors providing early-stage support and investment. However, gaps persist in funding and programs for advanced startups. Emerging initiatives and donor projects signal progress, but uncertainty around government funding and limited venture capital pose challenges. Established startup support organizations like Startup Macedonia, SEEU Tech Park, and CEED Hub play a central role, yet there is a need for stronger support for scaling ventures to ensure sustainable growth for both companies and the ecosystem. Despite these obstacles, the overall startup ecosystem is showing positive trends.