Source: Kauffman SketchbookStartup SerbiaEstablishment of the technology startup ecosystem in Serbia
Talent Mentors University Enterprenuers Capital Corporations Government Support & NGO ServicesStartup EcosystemMain principle – Inclusiveness
Key findings:• Out of sync with a long term view• Runs in a short cycles (less than four years)• After an election few months for new administration to gears up• And than launches brand new initiatives.• Startup communities can’t wait they are changing every day• Government operates as top down hierarchy• Startup communities operate as bottom up networkGovernmentGood news: Government is well intentioned!
"Success is the ability to go from failure to failure without losing your enthusiasm.” - Winston Churchill• Lack of entrepreneurial culture 37% (by Infostud) - 50% (by Blic.rs) of young people would like to work in state owned company Top reason - safe salary.• Fear of failure• 27 per cent of Serbian students were planning to leave the country permanently after graduating (Student Union of Serbia)• Despite everything we have stars like: Nordeus, Limundo, Telescin, Prelovac Media…EntrepreneurState of mind or something more?
Summer of 2012 EUR 25K ? This must be a joke! Our minimum is 500K Source: Kauffman SketchbookStartup Discovery - EspionageLessons learnt – startup communities must have regular activitiesthat engage the entire entrepreneurial stack.Make sure all the founders and founding teams are visible andconnected to each other.
May I apply? Not him again!Emphasis is on learning and discoveryThere is no fact inside the government, so get outside and learnStartup discovery Program ValidationStartup creation Building the Ecosystem
Preparing startups: • Mentorship driven education • Incubators Networking Ready for growth and VC • Connecting investors and startups Acceleration in Seed investment technology parksStartup Serbia Cycle (Desired)
• Up to a million EUR financial support through three main components: • Financial incentives for Startups & Angel Investors Equity free capital Up to 50% of total investment - not exceeding EUR 25 000 • Financial support for programs of networking and education • Financial support for incubators and technology parks• Legal Framework – set of laws are underway: e-Money, e-invoicing, Complete communication of business entities and citizens with Tax administration will be paper free by mid-2014• Tax Breaks for R&D by 20%• Special procedure for payment of health and unemployment insurance tax burden (taxes + contributions) against net earnings would be reduced by 35.5% (from 67% to 43%).FIND OUT MORE ABOUT INSTITUTIONAL SUPPORT: siepa.gov.rsSerbian Investment and Export Promotion Agency (SIEPA)MVP for 2013
CeBIT Hanover 2013 – Serbian cornerLaunch7th March 2013. - The Serbian government adopted the strategy8th May 2013. – Startup Serbia Public call
Dejan RestakAdvisor - Ministry of Finance and Economyt: @dejanrestake: email@example.com: www.mfp.gov.rs