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The Government of the Republic of Serbia

In the service of citizens

Innovation, entrepreneurship key pillars of modern economies

Belgrade/Abu Dhabi, 27 February 2025

Minister of Science, Technological Development and Innovation Jelena Begović spoke today at Driving the Future: Innovation and Entrepreneurship as Pillars of Economic Growth, a panel held as part of the Investopia summit in Abu Dhabi.

At the panel, which was also attended by Minister of State for Entrepreneurship of the United Arab Emirates Alia bint Abdulla Al Mazrouei, Begović presented the Serbian government’s strategic initiatives in the field of biotechnology, with a special focus on BIO4 Campus, which is positioning Serbia as a regional leader in bioinformatics, biomedicine, biotechnology research and biodiversity.

Begović noted that Serbia currently chairs the Global Partnership on Artificial Intelligence (GPAI) and that this position contributes to the national innovation strategy and economic growth based on advanced technologies.

The Minister also shared Serbia’s experiences in creating a regulatory environment that enables the development of innovations, but also provides mechanisms for the protection of citizens.

She particularly emphasised the importance of developing and retaining talent in the fields of deep tech and artificial intelligence, highlighting programmes that attract and retain top experts, as well as efforts to improve the entrepreneurial ecosystem in Serbia.

Speaking about the future of innovation, Begović emphasised that attracting foreign direct investment in new technologies, including the opening of development centres of foreign companies in Serbia and encouraging research and development in the domestic private sector, are key.

Panellists agreed that innovation and entrepreneurship are key pillars of modern economies and that continuous improvement of policies and support mechanisms is essential for global economic development.