20 Jul, 2016

Gecic Law Helping Make Ideas a Reality

Gecic Law recently advised the Science and Technology Park Belgrade, which was founded in partnership by the Government of Serbia, the City of Belgrade and the University of Belgrade to facilitate an association between economic, scientific and educational organizations. The project, which is meant to support the transfer of knowledge, the development of new technologies and to stimulate growth of the knowledge economy, will support growing technological development companies and small start-ups.

Gecic Law has assisted the park with various legal matters in the process of taking over the management of the science park. Nikola Aksić, lead legal counsel on the matter stated “the Science and Technology Park is an essential project for Serbia to help stimulate economic growth, teach our youth about entrepreneurship and prevent ‘brain drain’ so that our market be competitive and attractive.”

Science Technology Park Belgrade

The Belgrade Science Technology Park has brought together foreign and domestic tech companies to promote start-ups, technology development and market competitiveness.  The park currently works with 350 youths in 29 companies with plans to expand this base. The main objectives of the Science Technology Park Belgrade are to:

  • Attract innovative technology companies domestically and abroad;
  • Increase the commercialization of joint research and development projects;
  • Facilitate the establishment of spin-off companies and support their development;
  • Increase employment of educated youth and prevent “brain drain.”

The Science Technology Park Belgrade covers multiple industries, including:

  • IT and Communication technology;
  • Biomedicine;
  • New materials and nanotechnology;
  • Environmental protection and climate change;
  • Energetics and energy efficiency;
  • Agriculture and food.

Name partner Bogdan Gecić believes that “this represents the first functional science technology park in Serbia and will help accelerate the technological development of the country in line with international best practice.” Forecasts predict that the park will host approximately 100 high-tech development companies with about 1000 engineers within 3-4 years.