Imagine operating in the environment that presents a specific set of challenges and obstacles for engagement in business activities. During the past 15 years, there have been four major economic crises that have slowed economic development and hindered small and medium business opportunities. In addition to these economic challenges, there has been a major shift in the geopolitical environment. That resulted in a pullback of globalisation and a greater focus on localisation. Thus, in turn, it has led to the reduction of business opportunities outside of the region.
Are you aware that innovators will not be able to deliver their ideas to the world? Access to an ecosystem is tremendously essential to engage with the markets, investors and customers!
In my experience, Eastern European startups straggling with getting access to funding at the early stage pre-seed round. On the other hand, the culture of venture markets is in the development phase, which prevents the building of cross border relationships and prohibits the transfer of knowledge.
The solution to this is to bring leaders together for integration and development by creating the art of sharing knowledge from one generation to another and building strong international networks and connections.