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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Although the Croatian economic situation isn't the most promising one in the world and you’ll encounter and many young people are leaving the country in search of better future, not everything is as bad as the news might suggest.

Croatia is full of young, driven, educated and ambitious individuals who want to create something for themselves in their own country by founding startups.

On a very long list of successful Croatian startups, TalentLyft, is a name you should remember. It was recently recognised as the best Croatian startup by Global Startup Awards. EU-Startups, the leading online publication with a focus on startups in Europe, has also found TalentLyft to be the most promising Croatian startup you should look out for in 2019 and beyond.

Founded in 2015 in Zagreb by two developers, Mario Buntić and Nikola Biondić, TalentLyft is a startup that developed a recruiting software that modernises and simplifies the recruiting process, in other words, it is a recruiting tool that helps companies find, attract and hire the best talent. It offers both recruitment and marketing solutions to attract the best candidates, and an applicant tracking system to solve post-application problems such as effective candidate communication, a database with all the applicants and their profiles, candidate assessment kits and scorecards, and interview scheduling all in one place.

Today, TalentLyft boasts thirteen full time employees and is currently located at Technopark (venue for startups at Velesajam).

In a brief interview with Total Croatia News, they revealed that startup life in Croatia isn't easy. There are many barriers to overcome in order to enter the market and start a business, starting from bureaucratic conundrums to finding capital investors, which is difficult to do in this environment. There is not much support for small firms and startups, so you’re very much on your own. Instead of focusing on new, promising sectors such as IT, the Croatian Government still invests in outdated industries.

Times and job markets are changing, and so should their investments.

‘’There's always a solid chance that your product will fail,'' they say. The startup life is risky, challenging and uncertain and requires a lot of hard work, devotion, persistence and compromise. However, despite, or exactly because of that, working in a startup offers a unique chance for personal and professional skill development and career advancement. When you are a small startup, you need to deliver a game changing solution and product in order to compete with the big guys. The only way to do that is by having all of your employees constantly learn new things, experiment and innovate.

‘’Since TalentLyft is a small group, every employees’ opinion is important; changes are embraced rapidly making us more agile’’, they state.

They are also proud of the fact that they're working with latest technologies in the fields of artificial intelligence and machine learning, emphasising the fact that their employees’ knowledge needs to be up to date and that you can lose good people if they’re stuck working with old technologies.

‘’Yes it’s the employees’ responsibility to keep learning, but it’s our responsibility to provide them with the tools necessary for that,'' they state from this Croatian startup.

They love the fact that they are a small team because it means there's a better connection: ‘’You know everyone by their name, you work hard together, you share your struggles and the laughs, and you get the chance to build something from the ground up.’’

The startup life is for those who embrace challenges, seek new ways of doing things, and question the status quo.

‘’When you manage to gather together a group of people like that, every day feels like an adventure and there is no challenge you can’t tackle in the end.’’

Let's hope we'll see more examples like this across Croatia in the near future.

Follow our dedicated business page for more information on Croatian startups, Croatian companies, products and services, and doing business and investing in Croatia.

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.

Make sure to follow our dedicated business page for much more. If it's just Zagreb you're interested in, give Total Zagreb a follow. If you're planning a trip to the Croatian capital, find out everything you need to know in a page by clicking here.

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

This Croatian startup's beginnings come from Zagreb and it first became well known back in 2014 as the first startup attract a large investment from outside of the Republic of Croatia.

As Bernard Ivezic/Poslovni Dnevnik writes on the 12th of April, 2019, the Croatian startup Bellabeat received an investment from AOL Ventures in the amount of 14.2 million dollars, the equivalent of 12.5 million euros. It's not the biggest investment to be received by a Croatian startup last year, as that remains marked by Porsche's entrance into the co-ownership of Rimac Automobila for 18.7 millions euros, but it remains the second largest. Bellabeat has so far kept this massive investment secret.

AOL is one of the three largest Internet service providers in the United States of America. The company is part of the large Verizon group, which owns a number of popular media outlets including The Huffington Post, Engadget, TechCrunch, and MapQuest. In the group is also the former Yahoo and the AOL Desktop software solution.

Croatia's Bellabeat underwent restructuring half a year before the investment took place, at the end of 2017 and in early 2018. The company then let a number of its employees go. Sandro Mur, co-founder and director of Bellabeat, subsequently announced that he currently has a total of fifty employees and plans to increase this number to seventy. At that time, the Croatian company's focus was on establishing an office across the Atlantic over in New York. The company has developed a range of high-tech products for women, from jewellery to smart water bottles, and plans to deal with artificial intelligence in the health preservation sector.

Five years ago, the founders of Bellabeat, Sandro Mur and Urška Sršen, set the bar very high for Croatian startups. They received a record 4.5 million dollar investment from a number of well-known investors. Among them were actress Jessica Alba, the creator and leading developer of Google Earth, Paul Buchheit, the founder of TechCrunch, Michael Arrington, one of the hundred richest people, Nicolas Berggruen, and one of the most famous investors in the Silicon Valley and one of the very first to have invested in Google and PayPal, Ron Conway.

Make sure to follow our dedicated Made in Croatia and business pages for much more on startups and companies from Croatia, as well as the overall business and investment climate in Croatia.

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