We are open to support technology entrepreneurs, startups, spin-offs and scale-ups in North Macedonia, who operate in high growth – innovation related sectors. We are fairly agnostic, and love to explore investment opportunities in ICT, SaaS, Deep Tech, AI, Cleantech, Fintech, IOT, Cloud Services, Industry 4.0 Technologies, Digital Security, and other. In fact, we align our interests with the expertise of the technical faculties of Ss. Cyril and Methodius University (UKIM) in Skopje, including advanced R&D.



BAU manages a fund of about EUR 500,000 and provides tailored financing to best meet the specific needs of the start-up or early-stage company. The financing can be structured as equity, debt, or a combination of both instruments. We provide financing in two stages:

1. Seed Financing/Investment: 

EUR 5,000 to 33,000 for product design and development, market validation and/or early sales and revenue generation.

2. Follow-on Financing/Investment:

Up to EUR 100,000 for market development and/or sales and revenue growth. The type of financing, and its terms and conditions, will be tailored to fit the specific financial needs of a particular start-up and/or early-stage company, the company’s products and services, the stage of development, the sector, market, etc.

Our focus is on providing the most compelling post-investment support though tailored business acceleration program, which is specifically designed to address the startup’s particular needs. It consists of world-class mentorship, provided by our founders and their business networks, academic staff, and representatives of the United Macedonian Diaspora (UMD), and support in Business

Development / Market Linkages and Fundraising.


We evaluate all startups and early stage companies based on the following criteria (in no particular order of importance): product, market, business model, team, and traction. In addition, all startups and early stage companies must comply with our eligibility criteria (link).


We launch open calls for investments several times per year. However, any startup/early stage company with great business potential does not have to wait for the call. You can approach us at any time to initiate the screening process at: or submit your application at

© 2020 Business Accelerator UKIM. All Rights Reserved.