The Serbian tech ecosystem is rapidly emerging as one of the most dynamic in Southeast Europe, fueled by strong engineering talent, competitive costs, and increasing global investment. Serbia boasts over 3,500 tech companies, with the ICT sector contributing more than 10% of the country’s GDP. In 2023, Serbian tech exports exceeded $3.5 billion, marking a steady annual growth. The country is home to over 50,000 software engineers, many of whom are internationally recognized for their skills in AI, blockchain, gaming, and cybersecurity. Notable success stories like Nordeus (acquired by Take-Two) and Tenderly highlight Serbia’s growing startup scene. Belgrade and Novi Sad serve as key innovation hubs, supported by over 20 active VC funds and accelerators, while government initiatives like the Digital Serbia Initiative and tax incentives continue to attract foreign investors and tech giants, including Microsoft, Databricks, Perplexity and Epic Games, who have all established a presence in the country.

HIGHLIGHTED INDUSTRIES

GAMING

Serbia has rapidly emerged as a powerhouse in the gaming industry, with homegrown studios making international impact:

• Nordeus – Creators of Top Eleven, one of the world’s most successful mobile sports games with 300M+ downloads and acquired for $378 million
• Two Desperados – Award-winning studio with 30M players worldwide

Serbia boasts over 100 gaming studios, employing 3,000+ top-tier developers—many with experience at Ubisoft and Epic Games.

Industry association: SGA

BLOCKCHAIN/WEB3

Serbia is home to a fast-growing Web3 ecosystem, with cutting-edge companies making waves globally

• Tenderly – Leading Ethereum dev platform, used by Coinbase, Polygon, and Aave, raised $58.6M

Serbian blockchain engineers are among the top 10% globally, driving innovation for almost all industry giants. With $100M+ raised by Serbian Web3 startups in recent years, the country is a proven hub for blockchain solutions.

HIGHLIGHTED FOCUS

1️⃣WORLD-CLASS ENGINEERING SERVICES

• IT Exports: $3.5B+ (2024), growing at 20% YoY
• Engineering Services Share: majority of total IT exports
• Global Clients: 80% of revenue comes from EU/US markets
• STEM Graduates: 5,000+ per year (top fields: CS, EE, MechE)

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