Albania
There is a lack of data due to low innovation activity and documentation
Most of the activity is centred in Tirana although some effort is being placed in Korca and Shkoder to replicate smaller scale local labs which will potentially feed larger organisations in Tirana.
Current Challenges
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low innovation activity
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low local market size
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brain drain
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lack of capital and support systems
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investment is seen as a high-risk proposition
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support networks such as co-working spaces, accelerators, and incubators feel that there is not a critical mass of serious, highly qualified startups in order for their work to become financially self-sufficient
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Source: https://startupeurope.network/ecosystems/al​
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Initiatives
Institutions & Initiatives
External Investors
Compared to other Balkan states, the Albanian Government has taken a more passive support role when it comes to provide seed funding with the only option being regional funding ventures such as Slovenian Angel Investors, South Central Ventures, Slovak Innovation Fund and Hungarian Angel Investor Network.
Institutions
Institutions such as the Ministry of Infrastructure (Devex), Ministry of Education and The agency for Research, Technology and Innovation( ARTI) have held support activities aimed at increasing awareness in general with the short to medium term objective of providing direct funding to potential startup’s and helping accelerators to build upon their current experience.
The Business Park of Tirana offers resources to startups and a cowering space.
The UK-Albanian Tech hub offers acceleration programme. Vodafone and ALBtelecom provide digitalisation support. Swiss EP through funding from the Swiss Development Fund provides mentors for Albanian startups.