What is a Startup?

Author: Nikolina Zeljko | Category: News | Posted: 19.05.2015
Applications to SPARK are officially opened. We invited you to join the best startups. But first, we will explain what it means to be a startup. The term “startup” is frequently used, usually when someone talks about young people, great apps, and big tech companies. But what does it mean? A startup is a young company in development that offers products or services, currently non-existent on the market. In the beginning, this company is financed by the founders or organizations similar to SPARK. These companies can be established in all forms and sizes, but there’s a great difference between “regular” small companies and startup companies. Startups are designed to grow fast. It means having products or services that can be sold in the large, global market. In SPARK, we like to say that startup is “a state of mind”. We want to change the awareness of entrepreneurship in our region. We want to establish startups that will turn their ideas into reality, build the best teams and tirelessly invest in people. Our emphasis is: SPARK is focused on people and we are offering a hundred opportunities for success, hundred opportunities to turn your ideas into products and services. In this way, you can show to local people and to the whole world that Mostar has a strong community, ready for the challenges and persistent in its work.