The countries of the Western Balkans have been struggling with local highly qualified professionals leaving since the collapse of Yugoslavia. Until now, neither the promise of European integration nor foreign investments have been able to shield the country from this ongoing negative human resource trend. However, the startup community is shedding a light by supporting innovative founders in creating opportunities, and most importantly, competitive and attractive jobs.
One very key competitive advantage in North Macedonia is that entrepreneurs here are natural bootstrappers, and with the cost-effectiveness and super affordable living standard, it creates an opportunity for an extended runway once (local and international) startups get funding. The ecosystem keeps close contact with successful diaspora tech entrepreneurs in different geographical key markets (USA, UK, Germany, the Netherlands etc.), creating an opportunity for an easier soft-landing of local teams within these markets.