Cooperation with the Serbian Business Angels Network

On Wednesday, December 24th, 2014 at the Business -Technical College in Uzice, within  the SMEs At the meeting that was held on September 26th, 2014 in Belgrade, the Zlatibor Regional Development Agency and the Serbian Business Angels Network exchanged information on current activities and discussed future  cooperation models and opportunities for joint initiatives and projects.

The reason for the meeting is INNO SMART project that Zlatibor RDA, with 17 other partners, has been implementing  within the framework of the Adriatic program for cross-border cooperation. The main objective of the SMART INNO project is the development of intelligent networking systems for monitoring and encouraging research and innovation capacities of small and medium-sized enterprises in the Adriatic region, strengthening regional cooperation and overcoming the weaknesses among which as the largest recognized one is  a lack  of funding sources, respectively  an underdeveloped capital market. Therefore, the cooperation with the Serbian Business Angels Network is crucial to attempt to overcome the problems of lack of financial resources for funding business ideas that have the potential for rapid growth and development. One of the anticipated results is the establishment of a network of similar organizations at  the level of eight countries participating in the SMART INNO project.

The  Serbian Business Angels Network was founded in 2010 and is the only organization in our country established with the aim to associate the  people who have capital and want to invest in potentially profitable business ideas. So far, about EUR 100,000 were invested in start-up companies via this organization.

Bearing in mind the low level of capital market development in our country, as well as insufficient inofrming  and awareness of the importance and role of such organizations, the Zlatibor RDA and the Serbian Business Angels Network have agreed to work together in order to promote this concept and to network with prominent businessmen in the Zlatibor District.


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