The latest survey of the world's technological centers, carried out by Startup Genome from the U.S.A, has placed Belgrade and Novi Sad as a joint center for the development of innovative new companies. The startup ecosystem is the only center from the region to be put on the map.
A highlighted feature are the tax incentives for innovative companies that the country implemented on January 1, 2019, as well as quality engineering education. Their availability has been recognized as one of the best five in the world. Companies which develop blockchain technologies are also among the top 5, and the potential of video game development has been recognized as well.
The Government of Serbia has invested USD 79 million in developing the technological infrastructure, such as startup centers, science-technology parks, science institutions and technical faculties. The contribution of the Digital Serbia Initiative is especially important.
It is believed that the report confirms the quick growth of the local IT sector, and this is expected to contribute to increasing foreign investments.