Forty million fund for startups in Western Balkans
The Croatian portal Netokracija published exclusive news of a new startup fund opening in Zagreb, Belgrade and Skopje. Jure Mikuz, director of RSG Capital, a fund which already invests in a number of startups in Slovenia and Croatia, revealed that the fund is created with investments from ENIF (Enterprise Innovation Fund), partly by the Western Balkan Enterprise Development Innovation Facility and the EU. The Fund will invest the total amount in two ways: (1) 100,000 euros as seed investments in early stage (1.5 million euros available in total) (2) Investments from 1 to 3 million euros for developed projects that can absorb higher amount of capital. The new fund will focus on the Western Balkan countries, including: Albania , Bosnia and Herzegovina, Croatia, Serbia, Montenegro, Macedonia and Kosovo .