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Facts and Figures
Serbia

Population
6.6 million (2023)
Capital
Belgrade
Major Cities
Novi Sad, Niš, Kragujevac, Čačak
GDP per Capita
11,361 USD (2023)
Average Age
44.1 years (2024)
Main Industries
energy, automotive, machinery, mining, agriculture, and IT

The startup ecosystem in Serbia

The Serbian startup ecosystem is experiencing notable growth, marked by expanding technology hubs across various cities, the emergenceof new local investment funds, and strong community-driven efforts that encourage peer learning among startups. Despite some uncertainty in established organizations, investor engagement remains robust. The startup ecosystem continues to rise, with an encouraging trend in female employment. However, there is still a need to boost support for startups transitioning to scaleups to maintain this positive momentum.