Belgrade and Novi Sad startup market worth USD 502 mn  

Belgrade and Novi Sad startup market worth USD 502 mn

Belgrade and Novi Sad startup market worth USD 502 mn

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According to the Global Startup Ecosystem report, developed by American firm Startup Genome every year, the economic impact of the Belgrade and Novi Sad ecosystem is some USD 502 mn, and Serbia is one of the top five countries in the world for blockchain developers. The authors of the report also emphasize growth in Serbia's gaming industry visible through two big acquisitions: last year, Novi Sad-based 3Lateral and Eipix became part of global gaming leaders - Epic Games and Playrix. This year's report also points out there is room for increasing the investor activity index as Serbia, according to the level of investment in startups, still has the lowest score. The new analysis offers a much more realistic image regarding the position of Serbia's entrepreneurship in the global framework as the report involves 300 startups, a rise from last year's 54. The Belgrade and Novi Sad ecosystem is the only one in the Western Balkans to be analyzed in Startup Genome's annual report, for a second consecutive year.

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