July 23, 2021 - Opatija is known to be Croatia's "cradle of tourism", hence, it's no wonder that it became home to HUBBAZIA - a centre for creativity and innovation in tourism. This business incubator, co-financed by the European Union, is now accepting applications from start-up companies that have original, sustainable, and creative ideas to further boost tourism entrepreneurship in Opatija. Applications are open until August 5, 2021! 

One of the most important (if not the most important) economic branches in Croatia is tourism and through HUBBAZIA, the City of Opatija encourages and attracts young startup companies to open and create new sustainable business ideas to further enhance the development of tourism in the city by providing full management training and mentoring, fully-equipped co-working space for brainstorming and lastly, venture capital financing. Joining HUBBAZIA is a great opportunity for young entrepreneurs to help increase their company's efficiency while significantly reducing looming business risks.

In return, through this project, the City of Opatija hopes to attract more foreign and domestic investors, regional economic and social development growth, and a more fulfilling relationship between the city's small to medium enterprises and the local community's needs. With HUBBAZIA amounting to a total value of HRK 2,543,985.25 (EUR 338,850.47), thanks to the European Regional Development Fund, the project will serve as big assistance to youth who are striving in launching their own businesses and will ensure the growth of Opatija's tourism industry.

Conditions for application 

The City of Opatija, together with PAR Business School, welcomes young entrepreneurs who have innovative ideas and business models related to tourism AS LONG AS the business entities are not older than 3 years. The program will have 5 project cycles, meaning, it will have 5 generations of participants. The deadline for the application for its 1st cycle will be on 05.08.2021 at 12:00. The workshops and mentorships will begin on 16.08.2021 and will be held in the newly renovated and modernly equipped Villa Antonia. If interested, CLICK HERE for the application link.

What to expect?

After the submission of all applications closes, HUBBAZIA will conduct the selection phase which usually lasts for 1 month. If your business manages to get through, you will enter the mentoring and education phase which lasts for 4 months along with 25 hours of workshops each month. Here, your company will be mentored by experts in business, finance, marketing, sales, web design, investment, and product development to help you shape and enhance your business ideas. Next is the final consultation/construction phase, where you will be given a month to finalise your business construction model. The whole cycle culminates on Demo Day when participants get to present their ideas to the public and attract investors. 

Attendees will be entitled to have free co-working space, internet, meeting room, consumables for training, counseling, and mentoring, presentation on HUBBAZIA websites and social networks, and minimized initial fixed costs. Most importantly, HUBBAZIA will be a space for like-minded individuals to brainstorm and network their business with other entrepreneurs and to gain a wider range of business information and contacts - a definite and exciting once-in-a-lifetime chance!

For more details on HUBBAZIA, CLICK HERE.

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A successful Spanish startup which has spread to 105 cities in twenty countries in Europe, Africa, and Central and South America since 2015 has begin operations in no less than Zagreb.

As Marta Duic/Poslovni Dnevnik writes on the 23rd of April, 2019, Glovo, a fast delivery application (app) which allows customers to purchase, receive and send any products within the city within less than 45 minutes, has started its operations in the Croatian capital city of Zagreb.

"For now, Glovo has employed seven people in the ''core'' team in Zagreb, eighteen in customer support and fifty delivery people. Therefore, a total of 65 people are in employed in this operation, we're only just beginning, and we're also still actively employing people. The expectations are high because we think that there's a lot of room for first-class fast delivery on the Croatian market and the inclusion of a large number of partners in the on-demand economy trend. People are now accustomed to having everything at their fingertips, quickly and easily accessible, and that's what we provide - products from the entire city delivered within 30 to 60 minutes to the end user,'' stated general manager for Glovo Croatia, Teo Širola.

This Spanish startup started back in 2015 in Barcelona, Spain, and has since expanded to 105 cities, ranging from Paris and Milan and Istanbul and Nairobi, in twenty countries across Europe, Africa, Central and South America. More than fifteen million orders from partners such as McDonald's, KFC, Starbucks, and the like have been delivered around the globe via Spain's Glovo app. They have more than three million users, 10,000 partners and work with a network that involves more than 30,000 couriers.

"The first reactions we've had have been positive. We still need to educate the market in terms of the service we provide and explain that what we do is exclusively delivery. Specifically, we deliver straight from the restaurant (or store) to the customer, effectively delivering the service as if the buyer picked up the food (or the item) themselves. This is different from the services that have been provided on our market so far, where more orders are delivered at the same time, so, let's say, the tastes and smells have been mixed, and the food that eventually comes to the customer's door is cold,'' noted Širola. Aside from doing deliveries by car, Glovo uses bicycles and scooters to squeeze through heavy city traffic faster, and offer a more ecologically aware delivery option.

"Zagreb is accelerating the transformation in the domain of fast delivery in Croatia, and our vision is to bring the practicality of technology closer to everyone," says Širola.

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

''The most important thing is to have a clear plan and a vision and to be persistent and never give up, because every good idea will find its way to a buyer,'' this was the message sent out to those thinking of becoming Croatian entrepreneurs.

As Ivan Tominac/Poslovni Dnevnik writes on the 18th of April, 2019, an event organised by Vecernji list and Poslovni dnevnik has the ultimate goal of which is the retention of young educated people in Croatia, and after Osijek, the event will move to Koprivnica, two continental Croatian regions which are often overlooked.

The event will include a tender for student development projects, round tables and forums entitled ''Future in Croatia'' which will be held across six Croatian cities in cooperation with six universities and a traveling exhibition to mark the the occasion of the 60th anniversary of Večernji list. In Koprivnica, the event will be held in cooperation with the North University on Tuesday at 10:00. Croatia's Minister of Tourism Gari Cappelli will give his view of Croatia and available opportunities, and before that, the event will be bringing two stories from Koprivnica that prove that you definitely can succeed in Croatia.

Boris Poljak, the owner of the Pobis company, noted at the very beginning of the conversation that entrepreneurship is not easy but challenging as the market does indeed offer countless possibilities, but whether or not we're successful is down to nobody and nothing but us.

"Being an entrepreneur depends on the person, and not on the place he's in. If one has the will and the desire to be an entrepreneur, then he won't care whether he's doing it in Croatia, Austria, Germany, or elsewhere," Boris Poljak said. For success, it's important to abide by the established plan and rules of the game, ie, certain legal frameworks.

According to him, young people aren't going straight into business today, but instead, they're moving into ''entrepreneurial waters'' because they want to ensure a secure existence for themselves. "The statistics on the opening and the closing of companies is proof of this. Unfortunately, many people don't succeed, but there are many who do succeed and who achieve excellent results here, and more and more are doing so internationally. Running your own business today doesn't require that much capital," Poljak stated with a short and clear message that says that without a clear plan and vision there can be no success.

"You have to work really hard with young people, they're most often not prepared for work and have a lot of prejudices towards employers," emphasised Poljak, adding that in his company he recognised that with the effort and investment poured into young people, he was creating quality staff who could compete on the world market level. Young people are increasingly involved in entrepreneurial ventures, and as a result, there are numerous startups popping up all the time across Croatia, leading to more tenders and investments.

Codebox managed to stumble upon such a welcome fat, the core activity of this organisation is the creation of personalised software, web design, computer equipment maintenance, and processing and data transfer. Martin Kolarić and Filip Stojić began on this path through a startup tender, and today they can safely say that it was a great opportunity to gain new experiences, try out their knowledge and skills and also have some fun.

"For all those who want to be successful, our advice is to work on themselves and their knowledge. A great deal of information is available to all of us and we have the opportunity of continuous learning and training. Innovation and creativity are the most important competencies today, which is why we need to work on our own improvement, this is the only path to real success,'' concluded Martin Kolarić.

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Click here for the original article by Ivan Tominac for Poslovni Dnevnik

As Bernard Ivezic/Poslovni Dnevnik writes on the 14th of April, 2019, Croatia's Nocturiglow is currently the biggest startup ''surprise'' in the Republic of Croatia. The story of this startup, which won best pitch at the first Investors Conference @ Algebra Lab, has accelerated beyond all possible expectations.

The Nocturiglow team has developed a low-tech care product for the elderly and infirm which has the same name as the company itself, for those who struggle to get up to go to the bathroom to urinate, or for those who simply cannot for whatever reason. The only, conditionally speaking that is, "technological" thing that Nocturiglow's ''bowl'' possesses is that it has fluorescent elements which make it glow in the dark, which is why it's easy to locate and use during the night. There is a female and a male version.

Nocturiglow's Ivan Babić politely declined to show an image of the design of Nocturiglow's new product, because he is currently in the process of having this intellectual property protected for sale on the EU market.

"We're completely low tech. That was our whole goal, because our competition doesn't focus on quality and user experience, and that's why we think we have room for success," Babić says. He added that Nocturiglow will develop other care products aimed at the older generation in the future, and they will also incorporate sensors, which of course means adding more technology.

Like most millenials today, unsatisfied with the potential income and opportunities that he could accomplish with a master's degree in logistics and management here in Croatia, he was looking for a stroke of luck which would take him down a different path, and so he left Croatia. For three years, he worked as a carer for people with disabilities over in Germany, a job which helped him arrive to this idea in the first place.

"When the STEP-RI startup incubator issued a tender, I applied, I resigned from my job in Germany and came back to Croatia to develop my own business," Babić says. In the past six months, he has made a prototype on his computer with his partner Sara Gunjača and his designer, Ivo Blažinčić.

Now he is preparing to create the very first functional prototype. His plan is to make fifty copies to be shared by test users. Previously, this type of thing was tested through surveys among employees of private and public healthcare institutions.

"We have also noticed that our product is not only good for patients but also for healthcare institutions, because it facilitates jobs for caregivers, as well as insurance companies," added Babić.

He noted that he wants to start selling Nocturiglow's brand new product through his own web store by the beginning of 2020, while the ''attacking'' the EU market through Amazon. He also wants to develop sales to various  healthcare institutions. He has even been in talks with an American company, a partner of Kickstarter, about production. Currently, however, investors haven't come knocking at his door, yet.

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

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

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

As Bernard Ivezic/Poslovni Dnevnik writes on the 14th of March, 2019, the Austrian capital of Vienna boasts as many as 5,830 IT companies currently in operation, which is more than are in operation on the entire territory of Croatia.

The Croatian Chamber of Commerce (HGK) took with them as many as 32 Croatian companies, mostly from the IT sector, to Vienna's fifth international B2B Software Days.

Among them, the conference was participated in by King ICT, Megatrend business solutions, Mediatoolkit and Ekobit. Tajana Kesić Šapić, the director of the Croatian Chamber of Commerce's industry sector, said that the visit was organised in cooperation with the Austrian Chamber of Commerce, Advantage Austria, and the European Entrepreneurship Network who are interested in the Croatian IT sector.

"Over the last five years, IT companies' revenue in Croatia grew by 7.4 percent, and exports rose almost twice as fast, to 11.3 percent per year," stated Kesić Šapić.

Although the startup scene in the Croatian capital of Zagreb has been ''coming to life'' over the last few years, the same sector in Austria's capital city has been growing stronger at double Zagreb's rate. In Vienna alone, there are more IT companies than are in operation in the whole of the Republic of Croatia, an impressive 5,830 of them.

Vienna is investing more than the equivalent of a quarter of a billion kuna per year into the city's startup scene, and just like in Zagreb, the city readily provides all the necessary support for the free establishment of startups, up to half a million euros worth.

Goran Mrvoš, director of Infosite, one of the Croatian IT companies at the fair, said that in Vienna he realised that the overall awareness of digitalisation in Croatia was low, and that it created a market advantage for foreign competition.

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

As Adriano Milovan/Novac.hr writes on the 4th of March, 2019, the situation on the Croatian labour market is all the more alarming: despite the significant number of registered unemployed people, there are numerous activities for which a labour force must be imported. With regard to the further trends on the labour market, as well as the challenges that Croatia is facing in terms of a digital revolution, Novac sat down and talked to the leading man of the consulting house of the EC in Croatia, Berislav Horvat. Berislav Horvat has good knowledge of the trends on the labour market, as well as on entrepreneurial scenes across Croatia.

We're approaching the 6th anniversary of EU membership and the 28th anniversary of independence. While we have achieved our main political goals as a country, it's a general belief that we've left it a bit late when coming up with an economic plan. How do you assess the current development of entrepreneurship in Croatia, especially compared to the countries we're usually compared to?

Unfortunately, we have not yet completed the transition process. On the other hand, our entrepreneurs don't yet enjoy the status in our society that they enjoy in other transition countries. In our country, entrepreneurs are still looked at with skepticism, they're still the black sheep in a way, and realistically, they don't deserve such a status. The EC has therefore launched the ''EC entrepreneur of the year'' program, through which we want to show that there are also successful entrepreneurial stories in Croatia.

I personally think that the situation in Croatia and the attitude towards entrepreneurs in the last five years has changed significantly. In that sense, it's enough to say that five years ago in Croatia, practically nobody spoke about startups, funding, and so on. Moreover, these terms weren't even being used. Nowadays, the situation is different: we're talking about that, we look at who started a startup, who invested what, what entrepreneurial incubator was used and the like... So, the focus of the public is slowly changing and turning towards entrepreneurship, but it's not as fast as we'd like it to be.

Exactly. We do have all this Croatia today, but there's still very little of it. Even the many start-up companies belong to ''emergency entrepreneurship'', ie, they're not a real statement of the desire to start a business in order to engage in entrepreneurship, but are driven for the sake of employment...

I think there's far more entrepreneurship in Croatia than we can see. Media attention loves to highlight the negatives and it's difficult for some of the entrepreneurs to become a star in such a situation.

In Estonia, for example, it's different. Their stars were also once football players, athletes, and starlets, but they systematically worked to change that. Today, after twenty or more years, Estonia's main stars are entrepreneurs, which, of course, doesn't mean that their media doesn't highlight lifestyle [sections] and that jet set type people aren't stars. There's enough space for everyone.

But we have not yet reached that level. In our public domain, the best still don't dominate [the scene], those who have created something from nothing and succeeded in life with their own work and effort. We've gone too deeply into the negativity and now we can't get out of it, even in the conditions that in recent years the situation with the economy is much better, as is evidenced by the growth in income and profit of companies. That's why we have the impression that everything is bad, and that's just not the case. You can be successful in Croatia.

When you talk to clients, especially those from overseas who want to invest and start a business here, what do they complain about most?

The main problem over the last few years is the lack of workforce. Mass emigration from Croatia resulted in a shortage of workers. Before that, you could feel a lack of workforce in tourism, hospitality and construction, and now that's the case in almost all sectors. This will surely be a major obstacle to the further development of Croatia. An example is the construction industry, which even for a secure job constructing something, you can no longer find people to do it.

Once, our main problem was unemployment, and now it's a shortage of workers. According to some estimates, even among those who are officially registered as unemployed, there are only actually 10,000 to 15,000 who really are unemployed, while others have remained registered as such for other reasons.

On the other hand, this year we've got a quota of 65,000 foreign workers we can import. This is the record for now, and it's quite certain that this quota, and thus the number of foreign workers in Croatia will grow in the next few years.

Apart from tourism and construction, which sectors lack a workforce the most?

Definitely the IT sector. Practically every IT company I know would hire 100 developers tomorrow because there's a lot of work. Most of them work on foreign markets, where the demand is higher than the supply.

Do you expect bigger waves of emigration from Croatia? Let us not forget that next year the doors of to the Austrian labour market, the last in the EU [to keep restrictions on Croatian workers] will open...

Emigration will still continue. True, Austria could attract a part of our workforce because it's close and workers will be able to come and go virtually from weekend to weekend. So, emigration will continue, but there will be returns, especially as salaries in Croatia are rising. Estimates for the future are difficult to give, but it's clear that the shortage of workforce will remain the number one issue for Croatia in the next few years.

How do we solve the problem of the lack of workforce?

We will have to turn to the import of labour, in the long term. But let's not forget that because of this shortage of labour in Croatia, there's a rise in wages, which means that some of the Croats who have left will come back in time. They will simply begin to calculate whether it's worth living abroad or here. Let's be realistic, many of our emigrants, especially those who are paid less, don't live in the best conditions in the countries they've moved to, so we already have cases where people are returning. The salary increase in Croatia will bring back some of those who left the country.

There is also the problem of education, the programs of which should be adapted to the needs of the labour market, just as enrollment quotas should be.

What could the state do to reduce emigration and boost returns?

The state could intervene in tax policy measures. Further reductions in personal income tax and the abolition of the highest tax rate would greatly help people increase their net salaries. This would lead to less people leaving and some former emigrants returning.

But, how usefeul are such efforts when taking into account the state of public finances, especially the pension and health system?

These measures can be implemented, but the only way to do that is to reduce the spending of the state, on both a central and a local level. This implies reforms. There is also a need to increase the base of people who pay taxes, or more people bring to the labour market.

Now the situation is almost ideal for some action to be taken: in the real sector there is a lack of people, and in the public there is a surplus of employees. The economy is growing, and the government is stable, so there should not be many problems and the solution is obvious. So, we just have to implement the reforms we're talking about. This is a historical moment that this government has and it must use it.

The world is undergoing a new digital revolution, but we're lagging behind. Moreover, we're still dealing with ''classic'' industries. What are the perspectives open to us?

Digitisation opens up a large area, and a large number of companies that are opening in Croatia are IT companies, so we can't say that we're not following trends in the digital world. Existing, already established Croatian companies invest heavily in digitisation. For many Croatian companies, the EC helps in the introduction of software robotisation. While, for example, Gideon Brothers produced real autonomous robots, which instead of forklifts drive pallets by warehouse, and our domestic companies, such as Atlantica, Orbica and Tokić, are already piloting projects with this new technology. Or, let's say, Mate Rimac, our EC entrepreneur of the year, who, besides producing cars, works hard on the development of the use of digital technologies, and all this is happening in Croatia.

You are in contact with investors. What is the current interest in Croatia from investors?

We are a world leader in auditing and consulting services. We have 270,000 employees worldwide, and in Croatia there are more than 220. Among our clients, we have a lot of investors who want to invest here, especially private equity funds. Still, the problem is that they are looking for big investments, those of 20 or 30 million euros, and there aren't many like that in Croatia. In the case of Croatia, it would probably have helped us to have venture capital funds, which would aid startups. Otherwise, HBOR and EIF have recently launched a venture capital program, which is good for entrepreneurship development in Croatia, but, it's also necessary to have a network of business angels, venture capital funds and private equity funds, so that the system can accommodate and enable funding at all stages of entrepreneurship development.

How does the digital revolution reflect on the EC?

The EC is doing a lot of work on digitalisation. We have digitised our internal talent management system and now we have ''click'' solutions. Numerous processes have been robotised. One digital marketing company joined us last year, so now we have a rounded service - from tips to accessing a buyer, to the performance of the app or website. Customers want less advice, they're now seeking complete solutions, and we can offer them that now. This also allows us to work on innovations. We're also investing hundreds of millions of dollars in audit tools and technology so we can carry out EC digital audits worldwide. I can say that a lot has changed since I started doing this job sixteen years ago!

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Click here for the original article/interview by Adriano Milovan for Novac.hr/Jutarnji

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

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.

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The Zagreb startup has created a so-called parking capsule that locks the bike and protects all of its main parts.