The Business Incubator in Zrenjanin (BIZ) aims to assist entrepreneurs with enterprise start-ups and business development in the field of new software development in the city of Zrenjanin (Banat region) in Vojvodina. The target group for the business incubator is the software development professionals in Zrenjanin - a town with more than a hundred unemployed IT professionals, as well as approximately 100 IT graduates every year (“Mihajlo Pupin” Faculty), mostly without job opportunities.

 The BIZ is owned by the municipality of Zrenjanin and Vojvodina Investment Promotion Fund and supported under the project: ‘Building Business Incubators’ as part of the Integrated Regional Development Plan of the Autonomous Province of Vojvodina by German Organisation for Technical Co-operation (GTZ), ENTRANSE, OSCE, Serbian Agency for SMEs Development, IT Faculty in Zrenjanin, Regional Chamber of Commerce, Regional Development Agency – Banat, etc.

The incubation period is three years and linkages between the industry and academia are encouraged by the initiative.

The objectives of the BIZ are common also for the Business Incubator Subotica (BIS):

•          Stimulate SMEs development process;

•          Improve competitiveness of regional start-up businesses;

•          Encourage industry-science links; and

•          Create practical and business oriented local support capacities.

The Memorandum of Understanding (MoU) was signed between Vojvodina Investment Promotion (VIP) and the local government of Zrenjanin, which allowed the establishment of the BIZ Ltd. (Limited Liability Company). The funding is provided mostly by the Regional Government of Vojvodina and the local governments of Zrenjanin. In addition, a number of donors are supporting the initiative both through financial and non-financial assistance.

Contact Person:

Bojan Ljutić, BIZ Manager

E-mail: inkubator@biz-zr.co.rs