Croatia's capital has come on leaps and bounds in the last few years, and not just in terms of Advent in Zagreb and other tourism oriented matters. Zagreb startups are being given developmental help from the City of Zagreb and other bodies, with large non-refundable cash sums being allocated to many.
As Poslovni Dnevnik writes on the 10th of December, 2018, the City of Zagreb and the Zagreb Innovation Center (ZICER) have successfully completed the third cycle of the Startup Factory pre-acceleration program. Through the last three years, along with quality education and the support of world-renowned mentors and incentive infrastructure, more than 2 million kuna in non-refundable funds have been awarded to the best Zagreb startups.
The time period just gone was exceptionally positive for the whole of the Zagreb startup community. This year, the City of Zagreb joined its most important projects together for startup entrepreneurship - the pre-acceleration program entitled Startup Factory, and the international startup conference, Zagreb Connect. More than 600 startup enthusiasts gathered at Zagreb Connect, eager to gain and share their knowledge, as well as high-tech ideas.
Discussions between Zagreb startups on pre-seed investments and investments in the early development stages of a startup took place, as did those about the experiences of domestic startups that successfully launched their products on international markets, in addition, future technologies were also discussed. Gradually, the atmosphere at Zagreb Connect became more and more heightened.
The reason for this was the presentation of the finalists of the Startup Factory program which fought for a non-refundable amount of 860,000 kuna, which the City of Zagreb readily provided in the name of further development. The top five teams - OmoLab, Wingo, Stratowave, MAKABI and Zebra Cross - were awarded 160,000 kuna in non-refundable cash, while the best pitch at Zagreb Connect was won by Silver Monitor, which was awarded 60,000 kuna.
38 teams have passed this intense pre-acceleration program so far, while 17 Zagreb startups them have received more than 2 million kuna in grants for the further development of their various projects.
Startup Factory's initiator and the director of ZICER, Frane Šesnić, said:
"The third generation of our pre-acceleration program has successfully come to an end. On December the 5th, five teams received financial support, but what is even more valuable - knowledge, experience, socialising, new contacts, association with the community - that's what all of our finalists carry with them. Every year, we improve the program. The market is rapidly changing, and to succeed on it, we all need to adapt to it, too.
In addition to our powerful internal team, which were crucial to the success of the program, this year we brought the best of the best, some from Croatia and some from abroad, to the first floor of the 12th Pavilion at the Fair (Velesajam). The teams developed through the adoption of the Lean Startup Drill and IBM Design Thinking. Snježana Šlabek and Emir Džanić taught them gemifiction, Marko Kovač taught them business development, and Tina Lee Odinsky Zec taught them about storytelling.
Our teams got together and mingled, learned and were inspired by Luka Abrus, Chris Outa, Jim McGougas, Martin Reent, Tomislav Grubišić, Matija Žulja, and many others. The subject of the legal aspect of doing business was covered by our PwC partners, and the topic of attracting investment was dealt with by the experts from South Central Ventures.
The quality of the program and the overall such preacceleration concept as such has been confirmed by the first and second generation teams who are still continuing to develop through the ZICER Incubation Program, and some of them generate their revenues globally. I'd like to thank all those who, through their selfless work, effort and engagement, have contributed to making all of us able, as a society, through these projects and programs, to keep going forward.''
Seventeen Zagreb startups, more specifically teams, developed through the third generation of the Startup Factory program, and all of their projects are in line with the Smart Specialisation Strategy of the Republic of Croatia (S3).
The Zagreb Connect International Conference, traditionally held at the beginning of advent, surpassed all expectations.
Mirko Jozić, head of the City Office for Economy, Energy and Environmental Protection, spoke about this important startup event and the plans of the City of Zagreb for the further development of Zagreb startups.
"We're keeping track of trends and we're introducing something new every year. I'm happy with this year's Zagreb Connect. We've brought some excellent speakers to Zagreb, and our partner country was Israel.
The excitement for the presentation of our Startup Factory finalists was enormous. We believe in this program and concept, which combines pre-seed investment, education, mentoring, and infrastructure support. That's why we have allocated the most funds so far this year, giving the best startup solutions a cumulative 860,000 kuna in non-refundable funds.
We won't stop there, either! We believe in projects that enable young people to work and develop here in Zagreb. In addition to the ongoing procurement of equipment for six new laboratories to be located in the premises of ZICER at the Zagreb Fair, the expansion of infrastructure capacities intended for the development of innovation and the start-up of entrepreneurship is under preparation.'' concluded Mirko Jozić.
Make sure to follow our dedicated Made in Croatia and business pages for more on Zagreb startups, Croatian companies, products and services, as well as all you need to know on the business and investment climate in Croatia.
If it's just the capital you're interested in, make sure to follow Total Zagreb.
