Startups expose Europe’s divisions

TheStar Mon, Mar 18, 2019 07:56am - 5 years View Original






Challenging factors: Success of startups is stymied by brain drain, lack of private domestic funding and a late start in government support. — AFP

Challenging factors: Success of startups is stymied by brain drain, lack of private domestic funding and a late start in government support. — AFP

FROM a small warehouse complex squeezed into a blue-collar neighbourhood across the Danube from Belgrade’s city centre, Strawberry Energy assembles its “Smart Park Bench,” a wood and steel structure with cell-phone charging stations and wifi powered by a solar panel.

It’s an innovation that’s been catching on, just not at home.

   

The 15-person startup is registered in the UK, where it got investment, and there are more of its high-tech benches scattered across London than the Balkans.

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