Startup research

Over 70% of the startup companies in the country, need additional financial resources in the phase of business development, which they receive the greatest support from the Fund for Innovation and Technological Development, according to a survey conducted by Startup Macedonia under the support from FITD.

The analysis, which covered over 80 startups from Northern Macedonia and more than 28 support organizations and investors, shows that as many as 62.7%, domestic startups applied for co-financing calls and 60% of them received financial assistance from FITR. The representatives of the companies also pointed out that the Fund helped them to identify where they need to improve and that feedback is mainly for finding a suitable market for the product. The full research can be found at the following link