The Innovation Fund of Montenegro has published the Montenegro Startup Ecosystem Report 2025, providing a comprehensive overview of the state of innovation and entrepreneurship in the country.
Key findings include:
- Over 200 active startups operating in Montenegro
- Total private investment in Montenegrin startups reached EUR 8.2 million in 2025
- ICT remains the dominant sector, accounting for 58% of all innovative companies
- The number of female-led startups increased by 22% compared to 2024
The report is available for download on the Innovation Fund's official website.
