The startup and venture ecosystem in Bosnia and Herzegovina may still be in its early stages of development, but there is a noticeable rise in programs aimed at supporting young entrepreneurs, and the IT industry is experiencing rapid growth. This combination sets the stage for the country’s increasingly vibrant startup scene.
Bosnia and Herzegovina boasts a pool of ambitious founders and a growing number of established startups. Despite facing challenges associated with the political and business environment, such as complex administrative procedures and high fiscal levies, the nation holds significant potential for further advancement.
To unlock this potential, it is necessary to address the existing obstacles. By streamlining administrative processes, offering tax incentives, and investing in education and networking opportunities, Bosnia and Herzegovina can foster a more favourable environment for startups to flourish. With these improvements in place, the country can have the opportunity to emerge as a thriving hub for fast-growing startups, making a substantial contribution to its overall economic development.
We are pleased to provide a carefully curated list of five startups with headquarters in Bosnia and Herzegovina. Each startup was selected because it was founded after 2017 and because of its true potential to a long-lasting success
Rolla: Based in Mostar, Rolla is a dynamic fitness app that combines fun and competition to make working out an enjoyable experience. By seamlessly integrating virtual and real-life activities, Rolla provides users with a user-friendly platform to exercise, track progress, and connect with a community of like-minded individuals. Since its establishment in 2019, Rolla has raised more than €1 million in funding and aims to become a prominent player in the health and fitness industry.
E387: Founded in January 2023 and based in Sarajevo, E387 is a pioneering Bosnian company that has developed the first locally-made electric vehicle (EV) charger. E387’s main focus is to make charging accessible and convenient for all. Their charging stations prioritise reliability, safety, and user experience, providing an efficient and seamless charging solution. E387 is paving the way for further advancements in the electric mobility landscape in Bosnia and Herzegovina.
Gotiva: Gotiva Games is an innovative platform that revolutionises the gaming industry’s creator economy by empowering independent graphic artists. With a primary focus on developing engaging and scalable multiplayer puzzle games, Gotiva Games caters to both mobile devices and websites. Leveraging the latest blockchain technology, the company offers a unique gaming experience. The games, available to Android users, feature in-game advertisements to provide additional support and enhance the user experience. Through their platform, Gotiva Games opens doors for independent artists to showcase their talent and actively contribute to the dynamic world of gaming.
beebee: Sarajevo-born platform established in 2020, dedicated to providing electric kick scooter sharing services. Through their user-friendly app, individuals can easily access electric kick scooters to fulfil their transportation requirements. BeeBee aims to offer a sustainable mobility solution for short-distance travel, promoting eco-friendly options within the vibrant city of Sarajevo.
SympoQ: is an agile customer support software designed to streamline support processes for teams. Founded in 2018 and headquartered in Travnik, it offers a public and private portal along with an advanced ticket system, live chat software, and a knowledge base. The software’s AI Engine analyses past conversations and data to recommend solutions, reducing agents’ reliance on memory and ensuring the best possible responses to customer requests regardless of language or articulation. SympoQ empowers organisations to enhance customer experience and efficiently meet customer expectations.
By the way: If you’re a corporate or investor looking for exciting startups in a specific market for a potential investment or acquisition, check out our Startup Sourcing Service!