Boosting the innovative potential of cities - STP Belgrade case study

Science Technology Park Belgrade (STP Belgrade) - the first technology park in Serbia has significantly influenced the innovation ecosystem development in the country by connecting all relevant stakeholders and creating conditions in which high-tech companies can accelerate their growth and development. STP Belgrade was created as the innovation core of the city, contributing to the increasing number of programs and activities while raising awareness about the need to support young entrepreneurs in achieving their full innovative potential. In over 2 years of its existence STP Belgrade has become home to 60 high tech companies, as well as students, researchers and other relevant parties in the innovation ecosystem of the city and country, participating in the activities of STP Belgrade. In this paper we present and analyze the case study of STP Belgrade - opportunities and challenges in building the institution dedicated to innovation development in developing country such as Serbia.