The Startup Ecosystem of Serbia
Serbia has 3 cities in the top 1000 and is ranked 14th in Eastern Europe.
COUNTRY RANKING
Since 2024, Serbia lost 2 spots in the Global Startup Ecosystem Index, having now positioned itself as 53rd worldwide.
Population
Million
Regional Ranking
In Eastern Europe
Global Ranking
Worldwide
Ecosystem
Startup Ecosystem Overview
The Serbian IT sector is the country’s most recognizable economic growth engine, positioning Serbia as a freelancing hub for western companies due to its affordability. A challenge faced by Serbia is convincing its IT talent to pursue entrepreneurship over the abundance of outsourced tech jobs. However, Serbia’s startup ecosystems have made significant progress with the launch of the Centre for the Fourth Industrial Revolution (C4IR), focusing on biotechnology and artificial intelligence in healthcare. With access to the European market, Serbian startups are excelling in innovative industries such as Blockchain and Artificial Intelligence, with particular potential in Agtech due to the country’s significant agricultural endeavors. Initiatives like Agremo, utilizing AI to monitor crops, showcase Serbia’s potential in Agritech.
The Digital Serbia Initiative and organizations like Startit provide crucial support for the growth of startup ecosystems, facilitating networking and funding opportunities. The government also plays a direct role in supporting innovation through the Serbia Innovation Fund, while Serbia Ventures incentivizes venture capital investment. Public sector initiatives, such as the Strategy for the Development of Startup Ecosystems, aim to accelerate the growth of Serbian startups by supporting successful ventures and integrating entrepreneurship into education.
With strong public sector support and a talented pool of individuals, Serbian startup ecosystems are poised for further success. Looking ahead, it is crucial for Serbian startups to focus on international markets to enhance their global visibility and recognition.
Startups
Serbia Top Startup Industries
106 startups
20 startups
29 startups
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Ecosystem HealthCheck
Serbia Ecosystem Health Check
The health check tables allow you to look at the performance Serbia has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...
- Overperformance
- Performance equal to global ranking
- Underperformance
ECOSYSTEM
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Startup Ecosystem Charts
Startup Funding in Serbia2017 - 2024
Startup Funding in Serbia 2017 - 2024
From 2022 to 2023, startup funding in Serbia has decreased by 84.51%. During this period, the number of deals in Serbia has decreased by 11.76%. Since 2017, total startup funding in Serbia exceeded US$ $302.45M.
Average Funding in 2023
$542.54K
Funding in 2023
$8.14M
Deals in 2023
15
USD
Amount of Funding (USD)
Number of Deals
Ecosystem
The Startup Ecosystem in Serbia
Global Rank
Serbia is ranked within the top 100 startup ecosystems globally.
Top Industries
Serbia’s startup scene is best represented in Software & Data, Fintech, and in Social & Leisure.
Top Cities for Startups in Serbia - Ranked by StartupBlink
2024 National Rank  | City | Global Rank |  | | | |
|---|---|---|---|---|---|---|
No Data Available | ||||||
BLOG
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Mon Apr 14 2025
From Service-Based to Product-Based Economy – Lessons from North Macedonia
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The Impact of Government Support on Startups
A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]