The Global Startup Ecosystem 2023 Report by Startup Genome and the Global Entrepreneurship Network was presented at The Next Web conference in Amsterdam. Based on data on 3.5 million startups in more than 290 global ecosystems, the report provides new insights and insights into startup ecosystem trends around the world, while experts, leaders and local key players further contribute to the quality of the data.
As part of this year’s report, the startup ecosystems of Belgrade and Novi Sad were measured, and these are some of the key findings:
Belgrade and Novi Sad created an ecosystem value of $1,116,736,155 from July 1, 2020 to December 31, 2022, which represents a growth of 75.41% compared to the previous period. The value of the ecosystem is expressed through the economic impact, calculated as the value of the exit and valuation of the startup.
We are recognized among the top 20 European ecosystems in terms of available talent — in the category that measures the ability to employ technological talent.
Gaming, blockchain as well as the area made up of medtech, biotech and healthtech are the most prominent sectors due to the number of talents, resources, support and startup activities.
The technological talent base, tax benefits and international connectivity are cited as reasons why startup operations should move to Belgrade and Novi Sad.
The total value of the exit from 2018 to 2022 is 647 million dollars. Serbia has more than 45,000 highly qualified technology professionals.
The Startup Genome Report for Belgrade and Novi Sad is available at the link: https://startupgenome.com/ecosystems/belgrade-and-novi-sad
“We are very proud to be working together with the Ministry of Science, Technological Development and Innovation of the Republic of Serbia and the Digital Serbia Initiative to highlight their success stories in Belgrade and Novi Sad and share with the world the excellent opportunities we see for continued strong entrepreneurial growth in the region. We are excited that Belgrade and Novi Sad are part of our global network of world-leading innovators, and we look forward to further success through the power of connectivity and the opportunity to share key insights, best practices and learnings for the future together,” said Stephan Kuester, Head of Ecosystem Strategy at Startup to Genome.
Key topics in this year’s Startup Genome Global Report include inflation, regulation of artificial intelligence, talent attraction, global VC funding and a wide range of market sub-sector analysis. The report also ranks the top 30 as well as the 10 runner-up global ecosystems and includes a ranking of the top 100 emerging ecosystems.
“Through targeted investments, strategic partnerships and policies that promote innovation and entrepreneurship, we are working to create an environment in which Serbian startups can thrive. With our focus on building the blockchain ecosystem, artificial intelligence and other emerging technologies, we are confident that Serbia will become a driving force in the global innovation sector,” said Dr Jelena Begović, Minister of Science, Technological Development and Innovation.
The Global Startup Ecosystem 2023 Report was created in partnership with the Global Entrepreneurship Network, Dealroom and Crunchbase and provides invaluable insight and guidance on how to promote thriving startup communities that are engines of job creation and economic growth.
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