The Startup Ecosystem of Serbia

Serbia has 3 cities in the top 1000 and is the leading startup hub in Eastern Europe.

COUNTRY RANKING

Serbia’s startup scene saw an increase in 2022 and jumped 1 spots from the previous year, outranking Thailand.

Population

6.8
Million

Regional Ranking

14th
0
In Eastern Europe

Global Ranking

52nd
+
1
Worldwide

Ecosystem

Startup Ecosystem Overview

city buildings near body of water during daytime
The Serbian IT sector is the country’s most recognizable economical engine of growth; Due to its affordability, Serbia has become a freelancing hub for Western companies. One of the country’s challenges is to get more of its IT talent to take the uncertain path of entrepreneurship with a relative abundance of outsourced tech jobs available.
One milestone for Serbia’s startup ecosystem is the region’s first Centre for the Fourth Industrial Revolution (C4IR), which aims to prioritize developments in biotechnology and the application of artificial intelligence in healthcare. Apart from the industries mentioned above, with access to the European market, Serbian startup ecosystems are already excelling in a number of innovative industries, including Blockchain and Artificial Intelligence. Notably, Agritech has an immense potential for the country, as agriculture covers 65% of the land area. There are some promising examples showcasing the potential of Agritech in Serbia such as Agremo, an app utilizing artificial intelligence and machine learning to monitor crops.
Supported by Google, ecosystem support organizations such as Startit offer entrepreneurs a stable platform for networking and linking startups in smaller cities with funding from Belgrade. Startit was launched by a group of savvy entrepreneurs who have become key players in growing the local ecosystem. We also commend the efforts of Business Incubator Novi Sad in supporting the local ecosystem, as well as initiatives such as Venture an Idea, launched cooperatively by Digital Serbia and USAID.
As for funding, the government supports innovative activities and funds them through Serbia Innovation Fund. Additionally, Serbia Ventures works to incentivize individuals with high net worth to incorporate venture capital funds in Serbia. Another public sector initiative, “Strategy for the Development of Startup Ecosystems of the Republic of Serbia, has the objective of accelerating the Serbian startup ecosystem by identifying and supporting successful startups and integrating entrepreneurship into all levels of education. With such public sector support, and considering the impressive talent in the country, it is likely that new success stories will emerge in the Serbian startup ecosystem. In the future, we hope to see Serbian startups focus more on the international markets and on making their ecosystems more recognizable on a global scale.

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ECOSYSTEM

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Ecosystem

The Startup Ecosystem in Serbia

In 2022, Serbia register a rise in Software and Data startups. Some of the most notable success stories in this industry are those of , Tenderly.

Global Rank

Serbia is ranked within the top 100 startup ecosystems globally.

Top Industries

Serbia’s startup scene is best represented in Software and Data, Energy & Environment, and in Social & and Leisure.

Top Cities for Startups in Serbia - Ranked by StartupBlink
StartupBlink ranks the startup ecosystems of 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
Rows:
2022 National Rank & Change ▲
Access subscores for 1000 cities and 100 countries
2022 National Rank & Change City
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Global Rank & ChangeTotal ScoreQuantity ScoreQuality ScoreBusiness Score
1st
0
200th
-
41
4.115
00.00
00.00
00.00
2nd
0
456th
-
111
0.881
00.00
00.00
00.00
3rd
new
842nd
new
0.242
00.00
00.00
00.00
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Startups

Notable Startups in Serbia
Tenderly startup icon
Tenderly
Hunch startup icon
Hunch
Joberty startup icon
Joberty

Startups

Successful Software and Data startups in Serbia
Tenderly startup icon
Tenderly
Joberty startup icon
Joberty
Orgnostic startup icon
Orgnostic

Startups

Startups Ranking by Industry

Software and Data icon
Software and Data
#27 worldwide

On our map, you can explore a total of 91 startups for Software and Data.

Energy & Environment icon
Energy & Environment
#31 worldwide

In Eastern Europe, Serbia's Energy & Environment is in top 31. Serbia has a concentration of about 29 of the region's total Energy & Environment startups that are represented on our map.

Social & Leisure icon
Social & Leisure
#42 worldwide

Serbia's Social & Leisure is ranked 42nd in the world. Our database contains 18 for this industry.

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