Friday, 5 April 2019

Croatian Company ''Include'' Continues with Exports and New Markets

At the beginning of 2019, the Croatian company Include signed a two-year distribution agreement with one of the largest global providers of telecommunications services - Deutsche Telekom.

As Poslovni Dnevnik writes on the 4th of April, 2019, 42 global markets, six continents, 260 cities across the world, more than 1000 smart benches installed, cooperation with major global corporations, the European Parliament, Deloitte, Forbes... all in just four years - this is just part of the successful results the Croatian company Include from Solin has achieved since May 2015, when the first smart bench was introduced, until the beginning of 2019.

In the first quarter, Solin's Include didn't manage to acheive any real or significant results, as most markets were still covered by snow, and the first installations usually only begin in spring, but in 2019, Include achieved significant export performance. The amount of ordered benches, when compared to the first quarter of 2018, just one year ago, increased by an impressive 109 percent to  a staggering 2.3 million kuna, while total revenues increased by 115 percent.

At the beginning of this year, Include signed a two-year distribution agreement with one of the largest global providers of telecommunications services, Deutsche Telekom. The contract was signed for fifty global markets, and Include became one of the few Croatian companies with this type of somewhat prestigious contract.

In January this year, 44 Steora smart benches worth over 1.1 million kuna were sold and a new market opened its doors, Poland. The largest share of the bench sales relate to exports, and the Steora smart bench has found its way across Europe, having been delivered to Italy, France, the Netherlands, the United Kingdom, and Spain.

In February this year, Include continued its export activities - with new orders from neighbouring Montenegro, a new market opened (Chile, with two Steora Standard benches) and the month ended with deliveries of 27 smart bench to Greece, Ireland, Israel, Poland, Italy, and Hungary.

March 2019, as the ''test polygon'' for spring, resulted in orders of a new product from Include's sales portfolio - the Monna cyclo tables for Dublin. The new product was presented at the Smart City Expo World Congress in mid-November 2018 in Barcelona, Spain. In addition, two new distribution agreements were signed (Slovenia - 50 benches, France - 72 benches), five Steora benches for Chile and Bermuda were ordered, as were 38 benches for other European countries - the United Kingdom, France, and Montenegro.

It's certainly important to highlight the continuation of Include's global digital outdoor advertising project via the Steora Urban+ smart benches. After they started the project with the installation of fifteen Steora Urban+ benches in Bratislava (at the best locations in the city), at the end of 2018, the project increased its pace in March this year with the another fifteen new Steora Urban+ smart benches, this time in Dublin, Ireland.

Currently, two major cities in the European Union are using Include's external digital advertising system through the Steora smart bench, it is an advanced DOOH system developed within the company itself. The system works using Facebook-like technology, enabling you to choose multiple advertising screens at the same time, set marketing campaign goals, and track advertising results in real-time.

Croatia's Include expects significant business results in the upcoming two quarters, and in addition to that, the realisation of a new investment round is being prepared, followed by the expansion of production capacities and the recruitment of new employees.

Make sure to follow our dedicated business and Made in Croatia pages for much more.

Thursday, 4 April 2019

Potential for Croatian Producers as Prosciutto Exports Continue to Grow

As Morski writes on the 3rd of April, 2019, what has been happening with prosciutto for the past three to four years is truly spectacular. Due to its superior properties and specific traditional production technology, Croatian prosciutto producers have stumbled upon some great export potential and even more potential for the product's better placement in Croatian tourism through the country's already rich gastronomic offer.

When compared to five years ago in 2014, exports have increased in quantity by fourteen times, and perhaps most importantly, in value eleven times. Approximately 88 percent of total exports go to the EU market, and just over eleven percent go to CEFTA countries.

''The latest 2018 statistics show an increase in exports of shank and aitchbone products by nearly sixty percent, but unfortunately, we still don't even cover a third of imports. We need new investments and we need to invest in new prosciutto production capacities to double our production, and 700,000 pieces annually to at least meet the needs of the domestic market,'' said Dragan Kovačević, vice president of the Croatian Chamber of Economy for Agriculture and Tourism, at a press conference announcing the event Days of Croatian Prosciutto.

Ante Madir, Executive Director of the "Hrvatsko pršuta" (Croatian prosciutto) cluster, which brings together producers responsible for 95 percent of the total prosciutto production in the Republic of Croatia, explained more precisely what awaits Croatia on the fifth Days of Croatian prosciutto, which is being held from the 26th to the 27th of April at the Zagreb International Hotel this year.

''On the first day, we'll have a manifestation with round tables and workshops, the expert part of the gathering, and the second day at Ban Jelačić Square, there'll be a show-selling part where people can taste our prosciutto,'' Madir said, adding that they decided on Zagreb because quite a large market and a high demand for the product can be found in the Croatian capital.

"What's been happening with prosciutto over the past three to four years is truly spectacular. The signs of protection (special labels) are our tickets to the wider European Union market, that's very important for being able to [have our products] arrive to shop shelves. In Croatia, we still need to work on presenting [our products] to consumers to have them pay more money for something which is domestic and specific,'' said Igor Miljak, chairman of the PPK Karlovac meat industry, stressing that Croatia still doesn't have key gastro brands that are recognised on the European or global market, but it definitely does have the quality to be able to cope well with the competition.

Ana Babić from Voštane pršut, a representative of the Association of Dalmatian Prosciutto, explained the difference between Dalmatian and Istrian, or more specifically Krk prosciutto.

''Dalmatian prosciutto is smoked, while Istrian and Krk prosciutto isn't. There are no additives or preservatives in its production, and the process itself lasts for at least a year,'' Babić explained, adding that the tradition of Dalmatian prosciutto production draws its roots from as far back as ancient Roman times.

Drago Pletikosa of Belcrotrade and the president of the Association of Drniš pršut stressed that Drniš prosciutto is a little and is therefore certified, although there is no difference between Drniš and Dalmatian prosciutto when it comes to the production process itself.

''Last year, we imported 3,848 tons of products worth more than 21.5 million euros and exported 1.113 tons (6.5 million euros). Compared to 2014, exports have increased in quantity fourteen times, and by value eleven times. Approximately 88 percent of our total exports go to the EU market, and just over eleven percent go to CEFTA countries. We export the most to Slovenia (35.5 percent of total exports) and to Italy (28.1 percent),'' stated Pletikosa.

''This event brings together and promotes prosciutto producers from all over the country, whose products are protected by a stamp of designation of origin, and labels of geographical origin (Krk, Dalmatian and Drniš prosciutto) at the EU level,'' stated the Croatian Chamber of Commerce (HGK).

Quality labels for consumers guarantee the purchase of authentic and properly controlled products, with recognised quality and a local origin. Protecting products without educating consumers and business partners about its proper valuation has no great benefit. Therefore, this event contributes to the strengthening of the recognisability of these Croatian meat products with higher added value and a better market positioning, all with the aim of developing the wider Croatian economy.

Make sure to follow our dedicated business and Made in Croatia pages for much more.

Tuesday, 2 April 2019

Cres to Get Cheese Factory Worth More Than Five Million Kuna

The desire is to breathe some life into, and renew the old tradition of island sheep farming on the island of Cres in the Kvarner region through cooperation with local OPGs and cheese factories.

As Marta Duic/Poslovni Dnevnik writes on the 2nd of April, 2019, in the village of Loznati on the beautiful island of Cres on Monday, construction began on the Loznati agricultural cooperative.

As the co-manager Bruno Žic explained, their goal is to restore old fame to island livestock breeding and continue to maintain the tradition of sheep farming that has been present on the island of Cres for a great many years.

"In the seventies during the last century, this place had a cheese factory and we decided to make our contribution to the preservation of that tradition. The Loznati agricultural cooperative is a small family cooperative, we have seven members and we're open to cooperate with small OPGs and cheese producers. Our desire is to bring as many people back to sheep farming as we can, we're very ambitious and we will try to restore the former numbers,'' stated Žic.

As he claims, the capacity is 500 litres of milk per shift, ie an impressive 1000 litres per day, and the value of the investment stands at 5.600.000 kuna.

"Of the total investment, two million kuna is non-refundable because we have secured it through EU funds, and the remainder is partly our money and partly from an HBOR loan," added Žic.

When construction works are completed, the Cres site will occupy a total area of ​​540 square metres.

Agriculture Minister Tomislav Tolušić was present at the opening ceremony on Cres.

The Faculty of Agriculture in Zagreb has dealt with the technology for us, and on that basis we started to realise the whole project and the [involved] works. The HACCP standards required in production will be implemented here with us, and the cheese factory itself will be a combination of modern and traditional. We tried not to ruin the looks of the village,'' concluded Žic.

Make sure to follow our dedicated business page for much more.

 

Click here for the original article by Marta Duic for Poslovni Dnevnik

Monday, 1 April 2019

Croatian Company to Enter Big Final in Krakow Competition

AMPnet is the best Croatian startup, and it's going to the big final in Krakow, Poland.

As VLM/Poslovni Dnevnik writes on the 1st of April, 2019, AMPnet's platform focuses on energy cooperatives, an alternative model of sales for electrical energy and the financing of renewable energy sources. Mislav Javor from AMPnet pointed out that the product is now finished, and how their very first clients are knocking at their door.

With the winning project, AMPnet IO d.o.o. was proclaimed as the best Croatian startup this year between nine finalists at the national final of the PowerUp! competition held within the framework of the LEAP Summit, and organised by Invento Capital Partners in Zagreb.

The winning Croatian team will be presented at the Grand Final in Krakow, Poland on May the 21st, where they will compete for large cash prizes of 50,000, 10,000 and 5,000 euros, while the best project will be offered an additional investment of 150,000 euros as well as participation in the prestigious accelerator EIT InnoEnergy Highway, which helps in the transformation of startups, from their early stages of development right up to becoming a successful business venture.

Energy in a new way!

''We're very pleased with this competition organised by Innoenergy together with Invento Capital Partners. We believe that all of the teams have very high quality products, but we're happy that even with such a strong competition, the jury decided on us. We have been developing this product for two years and this victory is one of the moments that confirms that we're on the right track,'' said Javor.

''The PowerUp! competition by Innoenergy's winner, AMPnet, is a team that has a scalable product. Until now, they've shown that they have certain shifts in the market, they have contacts with potential buyers and have managed to attract investors. So, they only need an additional boost to reach the stage from which they can expand across Europe, and hopefully ultimately to the United States,'' said jury member Stevica Kuharski (Fil Rouge Capital).

''I'm truly delighted with the number of quality projects. This was one of the competitions where members of the jury had a difficult job choosing a project that would represent Croatia at the Grand Final in Krakow. What we can do, as a local partner of Innoenergy in Croatia, is to insist that many more of these projects are funded by Innoenergy, regardless of them having not been chosen today. The AMPnet project itself, and the team behind the project, demonstrated the highest degree of readiness, project development and market entrance possibilities,'' said Dalibor Marijanović, founder and partner of Invento Capital Partners, the local HUB in charge of supporting the aforementioned competition in Croatia.

Make sure to follow our dedicated business and Made in Croatia pages for much more.

 

Click here for the original article by VLM for Poslovni Dnevnik

Friday, 15 March 2019

Zagreb Company Mediaform Attracting Foreign Attention

One successful Zagreb company has been exploring outside of the Croatian market and has found a plethora of opportunities and interest on foreign markets.

As Lucija Spiljak/Poslovni Dnevnik writes on the 14th of March, 2019, thanks to its long tradition, identity, high quality, attractive design and practical accessories, the Zagreb-based company Mediaform has been positioning in Croatia for over twenty whole years as a market leader in the field of the production of top of the range diaries made from some of the highest quality materials.

The company was founded back in 1997 by Nedeljko Šukurma, who is currently working with numerous other companies and designers. They have been selling their company's products for years through retail stores such as Narodne novine, Školske knjige (School books), and others. However, Šukurma didn't want to just stop and stay on the Croatian market alone, but he, with a dose of success and an excellent idea, decided to dip his toes into foreign markets.

"Over the past few years, we've been trying to break into the European market in the segment of office and school materials with notebooks called Keyboard in two groups. The first group are premium notebooks - such as Moleskine, Lanybook and the like, while the other group are school notebooks. The Keyboard notebooks were successfully sold in the bookstores of the former Algoritam company, but even after its closure, customers were still asking after Mediaform's notebooks,'' explained Šukurma.

This was just another incentive for Šukurma and his Zagreb company to try out their products overseas where his company came across very positive reactions and a lot of praise.

"To be able to position yourself successfully on the global market in a segment that has long been covered by world-renowned brands, you need to do something innovative, something interesting and specific. With our new collection of Keyboard notebooks, we have been able to attract a great level of interest from foreign distributors and bookstores. On the front page, the notebooks are simple and minimalistic, but the design is impressive. The letters on the embossed, styled keyboard on the notebook's covers form an inspirational message - Handwriting beats a keyboard, which promotes handwriting as one of the timeless ways through which people can express their personalities,'' stated the founder of this successful Zagreb-based company which is clearly going from strength to strength.

Therefore, in addition to the business side of things, this Zagreb company's notebooks also feature an aesthetic function that will attract anyone who is used to using laptops and the like. For two consecutive years, Zagreb's Mediaform has been expanding its product group at the world-renowned and specialised Paperworld fair in Frankfurt, Germany. At the end of last year, they first exhibited their products at the Insights-X fair in Nuremberg for the German market and at the Big Buyer fair in Bologna for the Italian market.

"At the last Paperworld fair in Frankfurt, the organisers officially drew attention to our Keyboard notebooks. At this fair, there's also a separate space that acts as an exhibition gallery called Trends. When it comes to [exhibiting there] the fair organiser selects the most innovative and creative articles that should have particular emphasis drawn to them, with the focus being placed on excellence. Our Keyboard notebook found itself among this group of the world's top manufacturers,'' said Mediaform's owner.

Make sure to follow our dedicated business and Made in Croatia pages for more on Croatian products, services and inventions. If it's just Zagreb you're interested in, give Total Zagreb a follow.

 

Click here for the original article by Lucija Spiljak for Poslovni Dnevnik

Monday, 25 February 2019

Croatian Gaming Series Starpoint Gemini Launches Brand New Hit

In the group of three are the partners of the popular Croatian gaming series - Intel, AMD, Razer, Corsair and Steel Series, as was stated by Igor Gajić.

As Darko Bicak/Poslovni Dnevnik writes on the 24th of February, 2019, Starpoint Gemini, one of the most successful Croatian gaming series with more than 600,000 titles sold to date, has begun to sell its third installment at the world's largest online gaming store Steam.

In their home studio, LGM Games stated that they had received an enviable pre-registration number for the new game within just the first twelve hours of its release.

Igor Gajić from LGM Games said that Starpoint Gemini 3 is their most ambitious project so far.

"With the new title we want to move the boundaries, both in quality and market success, and our expectations are great," said Gajić. He added that the RPG space game, which allowed the player to enjoy the world of Captain Jonathan Bold, worked with a team of fifteen experts, and was additionally assisted by a further five external experts.

Although the title states the number three, this is actually the fourth game in this series. Gajić stated that after Starpoint Gemini 1, which he admitted had a "shaky start", Starpoint Gemini 2 was released five years ago. It is the best-selling title in the series so far. Gajić confirmed to Poslovni Dnevnik that he has sold more than 400,000 copies. Two years ago, the Croatian studio LGM Games, which once featured its full name, Little Green Men Games, issued a spin-off franchise called Starpoint Gemini Warlords. This title was also very well sold, impressively selling more than 200,000 copies.

"The Dvojka and Warlords hits are among the genre fans, so, upon these successes we have created a very stable base from which we can build a solid foundation for a new game," said Gajić.

The previous title in the series, Warlords, had an excellent rating on Metacritica, of 73 percent, and just two years ago when it was released on Steam, it won the gold medal as Early Access Grads Best of 2017.

According to Business Croatia, Intercorona, through which LGM Games operates, grew from four to eighteen employees from 2013 to 2017, with revenues rising from 840,500 to 4.86 million kuna.

Make sure to follow our dedicated Made in Croatia and business pages for more info on this Croatian gaming series and much, much more.

 

Click here for the original article by Darko Bicak for Poslovni Dnevnik

Friday, 22 February 2019

Zagreb Company Q Software Opens Office in Manhattan, New York

Excellent news for one Zagreb company as its success leads to the opening up of yet another office abroad, this time across the Atlantic in no less than the Big Apple - New York, USA.

As Poslovni Dnevnik writes on the 21st of February, 2019, the key person and the manager of the Zagreb company's brand new American office is Mick de Meijer, a former executive director of several marketing agencies and a person with very strong experience in two key areas - project management and business development.

Zagreb's Q IT software company, which is one of the fastest growing IT companies in Europe according to Deloitte, has been operating at a new location since the beginning of this year. Their sixth global office was opened in New York, the digital hub of the eastern coast of the United States. The office is located in the very centre of New York, more precisely in Manhattan, and in addition to this location, this Croatian company still continues to operate from Zurich, Oslo, Belfast, Los Angeles, and of course from Zagreb, where the company's headquarters are located.

In his twelve years of hard work in the field, Mick de Meijer has successfully consulted more than 100 companies and worked directly with a variety of enormous and highly respected brands such as Victoria's Secret, Trojan, and Heinz.

So far, this Zagreb company has successfully helped a number of American companies with their technology development, of which, companies such as the United States Postal Services, Facebook, Walmart and Coca-Cola should definitely be mentioned. They have worked in different manners for these gigantic American companies, ranging from genialising their employment process to dealing with the system that employees use in their daily work.

Make sure to stay up to date with our dedicated business and Made in Croatia pages for much more on Croatian companies, products and services, as well as information on doing business and the overall investment climate in Croatia. If it's just the capital you're interested in, give Total Zagreb a follow.

Thursday, 21 February 2019

Unique Product from Bjelovar Attracts International Interest

Bjelovar breaks the mold and creates a unique fitness product that has caught the eye of not only the nearby Hungarians, but the world.

Continental Croatia is, aside from its tourism potential, usually in the news for all the wrong reasons. Although it has gradually started to spread, the Croatian demographic crisis has bitten harder in that area of the country than it has elsewhere, and with residents leaving in their droves, it often comes as a pleasant surprise to read about innovatation and opportunities arising from there, despite the fact that there are several.

As Goran Jungvirth/Poslovni Dnevnik writes on the 21st of February, 2019, the winner in the category of best project idea at the first Bjelovar Startup 2018 competition confirmed to Poslovni Dnevnik that the prototype of their product is ready, and that it has attracted the interest of people from all over the world.

"We've already had over twenty queries, and our partners from Hungary have just visited us. The whole world is interested in our product,'' said Vedran Presečki from Ferrodus d.o.o., the creator of a non-motorised running belt with a ferrofluid brake.

His company has been in existence since back in 2013 and produces fitness equipment which is then exported to many countries across the world, not only to other European countries such as Switzerland, the Netherlands, Italy, Hungary, Great Britain, Spain, Portugal, and France, but further afield and across the Atlantic, all the way to the United States.

Otherwise, this Bjelovar-made product is the very first non-motorised running beld with a ferrofluid brake in the entire world. Despite that fact which is already impressive enough, Ferrodus' innovative Vedran Presečki plans to conquer the whole world with this new invention.

"The fitness industry is continuing to grow steadily. Our "Predator Hunt" running belt is the first in the world which uses ferrofluid technology, and it's unique owing to that. Running on it is natural, it's as if you were running on an embankment. Existing running belts (such as common treadmills) don't boast that natural resistance and don't allow for the alteration of running intensity like our belt does,'' stated a rightfully proud Presečki for Poslovni Dnevnik upon describing the uniqueness of this Bjelovar-made product.

After applying this technology to the running belt, Presečki is planning to extend it yet further, to other fitness related products such as bicycles and the like.

To brieflt recall, Presečki won last year's Bjelovar-based competition, which gained him a very welcome 100,000 kuna cash. This year, that same competition will open once again for startups that are working to produce innovations in the area of ​​Bjelovar.

Presečki told Poslovni Dnevnik that his award helped him greatly in terms of product development, especially in speeding up the development of prototypes, which is of crucial importance for the overcoming of potential competitors who came up with the same idea.

"We accelerated and definitely managed to get a one-year head start owing to this award, because we're a small company," he noted.

But Presečki emphasised the fact that his prize meant more than just money because it meant recognition and brought about great enthusiasm for his team.

"That was a great incentive for us," he said.

The Bjelovar company exports 90 percent of its products and currently has just three employees, but it will need a lot more man power when launching its totally unique running belt production.

"We have a recruitment plan for when the product goes to the market. We'll have to substantially reorganise the business,'' Presečki stated, for whom, despite gaining some truly invaluable business experience, the real work is yet to come.

Make sure to stay up to date with Croatian companies, products and services, doing business in Croatia and much more by following our dedicated Made in Croatia and business pages.

 

Click here for the original article by Goran Jungvirth for Poslovni Dnevnik

Thursday, 24 January 2019

Croatian Production Company Takes Over Brickyard, Saves Fifty Employees

As Poslovni Dnevnik writes on the 24th of January, 2019, at this stage, the Croatian production company Dilj d.o.o. is set to invest significant resources in the overhaul of the plant, and the plan is to put additional resources in the next phase to raise and expand the capacity of their brick factory.

This Vinkovci-based Croatian production company is a manufacturer of brick, tile, grout and special roof elements, which exports 70 percent of its production to both European and non-European markets. Dilj d.o.o. rescued a small brick factory from Našice, which was in the process of going into liquidation. In the very process of bankruptcy, the move saw it successfully renew its production.

In addition to saving production, they saved fifty grateful employees from certain job losses, which would have meant that nearly fifty families would have been left without income. The director of Dilja d.o.o. Dražen Ivezić recalls that the Slavko IGM Našice brick factory went into bankruptcy at the end of 2014 due to problems that were the result of the crisis, which was felt the most by the construction sector, and as material producers, they were hit hard.

As Glas Slavonije writes, at the time of bankruptcy, about fifty workers were employed at the plant, manufacturing a production line of about fifty million units of normal sized and more than ten million block bricks.

The Croatian production company asked the bankruptcy trustee to take over the factory, hire the current workers and continue on with production, and got approval from the creditor council for that step.

''On May the 18th, 2015, we signed a lease contract and continued production. After less than a month and a half, as soon as July the 1st, production continued and everything went smoothly.

Production continued over the next three years, and at the end of last year, Dilj d.o.o. proposed to the bankruptcy trustee and the creditor council to complete the bankruptcy proceedings with the creditor settlement and to take over Slavonia's IGM. After the creditors accepted the bankruptcy plan, in late 2018 Slavonia IGM formally went bankrupt, meaning the preservation of production with a long tradition, as well as the preservation of jobs in the processing industry in Slavonia, which is of particular significance,'' stated Dražen Ivezić, the director of the largest tile factory in the Republic of Croatia with a 95-year-long line tradition of production, unbroken even during various wars.

He added that after the winter renovation phase, the plan for Slavonia's IGM is to be at full capacity by the end of this year, and they are planning to sell everything they produce.

Stay up to date with everything you need to know about doing business in Croatia, the economy, the job situation and the investment climate by following our dedicated business page.

Thursday, 13 December 2018

Robotics in Croatia: Osijek Startup Has First Croatian Industrial Robot

Robotics in Croatia is a growing trend, with the constant advancement of technology and innovation, Croatia is putting both feet forward when it comes to developing not only robots, but knowledge.

As Bernard Ivezic/Poslovni Dnevnik writes on the 13th of December, 2018, one Osijek-based startup has successfully developed an autonomous robotic platform for cargo transfer and has since presented it to some major global players, names including Orbico, Atlantic and Tokić are now testing it.

The Osijek startup, Gideon Brothers, has thus developed the first Croatian industrial robot. What it involves is an autonomous robotic platform for cargo transport, within the scope of the ''warehouse of the future'' that is increasingly being used by the likes of Amazon and Alibaba, as well as numerous other major logistics and merchants.

It doesn't have a name, at least not for now, but the Croatian autonomous ''robo-warehouse'' has an enviable performance. It can work properly without interruption for 24 hours per day, every day of the year. Its battery allows it to withstand a shift of six hours per piece, and then when the discharged battery is replaced with full one, and the job can continue. It's also fast.

The new step forward in robotics in Croatia, which is also miracle of high technology in itelf, was developed by a team of five doctors of science and 26 experts in the field of hardware and software in Croatia. The robo-warehouse is also a very attractive business product. In less than two years since its inception, this Osijek startup has developed technology which is ten times cheaper and more powerful in collecting its environmental data than the type which is currently the most widely used - the LIDAR driving system.

One example of this are the systems used by Tesla motors in their cars and trucks. Gideon has upgraded LIDAR with its own solution that combines stereo cameras and artificial intelligence (deep learning).

When asked whether the robot has already been seen by some of the biggest global players, such as Amazon and Alibaba, Milan Račić, the co-founder and director of development of Gideon Brothers didn't want to reveal any specific names, while emphasising that they have indeed presented their product "to some of the world's biggest players".

What has been very openly confirmed is that the Osijek startup will target both small and medium-sized companies on a global scale with its product.

"Such robots enable small and medium-sized companies to boost their efficiency and come up to the scale of the same level of competitiveness in transport and logistics which only some of the biggest international companies currently have. Of course, the biggest players are aware of this and they're actively following this technology," Račić says.

Three companies, operating in more than thirty countries and having a massive annual income of over three billion euro, are the first buyers, more specifically, they're the first commercial reference of Gideon's robo-warehouse, which is a major boost not only to this startup in particular but to robotics in Croatia as a whole.

The use of various robotics in Croatia is on the up, and Milan Račić says their product will provide a competitive advantage for Croatian companies and will continue to transform them. Mladen Pejković, senior executive of the Atlantic Group, says that digital transformation is considered an important element for future competitiveness. "That's why we're very excited about the pilot project with Gideon Brothers in the field of artificial intelligence and robotics in our logistics operations," noted Pejković.

"The pace of change will only accelerate in the future, and our partnership with Gideon Brothers will give us tools in the field of artificial intelligence and robotics that will help shape that future," stated Branko Roglić.

Ivan Gadže of the large company Tokić said that in parallel with engaging the best people to help them realise plans to spread to other EU markets, they want to provide their employees with the very best tools to help them achieve this.

"Strategic cooperation with Gideon Brothers is seen as an opportunity to introduce smart automation into our business and we reiterate the success we've achieved in Croatia on the international scene," said Gadže.

Matija Kopić, co-founder and CEO of Gideon Brothers, revealed that along with Milan Račić, his new startup, Gideon Brothers has three other co-founders who have helped significantly in the development of the first Croatian industrial robot. One of those individuals is Josip Cesić, he is one of the authors of the most successful algorithms in the world for simultaneous localisation and mapping, which is based on stereo cameras.

Then comes Edin Kočo, who led in the design and production of robo-warehouse, and had previously designed and manufactured robots for inspection in nuclear power plants. Last but by no means least, the fifth co-founder of Gideon Brothers is Kruno Stražanac, who is a big data expert, extremely knowledgeable in data analysis and technical support.

Kopić stated that he is lucky to live in such an incredible age, because Gideon Brothers has managed to accomplish something that many of the previous theoreticians of robotics could have only dreamed of.

He points out that this success is a result of very strong support from both Croatian and foreign investors. "The support of our investors and clients confirms our conviction that autonomous robots equipped with visual perception will deeply and positively change our society," added Kopić.

In just two years, the Croatian startup Gideon Brothers underwent two rounds of investment. It received 16.3 million kuna or 2.2 million euro in investment from 21 investors.

Make sure to follow our dedicated Made in Croatia and business pages for more information on robotics in Croatia and much more.

 

Click here for the original article by Bernard Ivezic for Poslovni Dnevnik

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