Innovation support in Serbia: Mapping the institutional and financial infrastructure of the startup ecosystem

Abstract

The development of a vibrant startup ecosystem is a key driver of innovation, economic growth and competitiveness in knowledge-based economies. This paper provides an analytical overview of the institutional and financial infrastructure supporting startups in Serbia and maps the main components of the Serbian startup innovation ecosystem. The primary focus is placed on innovation support institutions such as science and technology parks, business incubators, accelerators, and academic innovation incubators, as well as public and private funding mechanisms. The research highlights recent developments in the expansion of support structures and the availability of early-stage funding, while also identifying ongoing challenges such as the low commercialization of academic research and an overreliance on grants as a safety net for early-stage startups. The paper offers insights for policymakers, ecosystem builders and researchers seeking to strengthen the foundations of a dynamic and sustainable startup ecosystem in Serbia moving forward.