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S&T Country Report - Albania - WBC-INCO Net

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setting up business incubators can be used in other municipalities across<br />

Southeastern Serbia.<br />

The objectives of the BIC Knjaževac are to:<br />

• create new jobs and promote coalitions among business organizations, local<br />

governments and civil society;<br />

• educate and support existing SMEs, create enterprise orientated environment<br />

and reduce business failure;<br />

• support in general the development of the municipality and diversify the local<br />

economy;<br />

• generate individual and local wealth and develop local business communities;<br />

• support reforms and democratization of Serbia;<br />

• assure the sustainable development and advance financial stability;<br />

• create infrastructure for supporting self-employment;<br />

• assure the competitiveness of the region;<br />

• facilitate introduction of new technology and retraining of workers in<br />

entrepreneurial skills; and<br />

• offer ongoing adult learning in business management.<br />

The BIC Knjaževac is self-sustainable and all activities are financed from own<br />

incomes. The organizational structure consists of the Advisory board (9<br />

representatives of stakeholders and founders); the director and the Mentorship Team<br />

(9 volunteers, managers of big companies and successful entrepreneurs who assist<br />

to BIC members in their operations).<br />

The services offered by the Centre covers the following:<br />

• assigned mentor to each new start-up for a period of 12 months;<br />

• pre-incubation and development advice for business planning;<br />

• providing the business space with all the necessary conditions for work, under<br />

favourable conditions on market;<br />

• possibility of using space for meetings and presentations with all the<br />

equipment;<br />

• possibility of using computers and other office materials;<br />

• seminars on business management skills, business functions, procuring raw<br />

materials and exporting finished goods and seminars on setting up and<br />

managing an office plus internet access & training;<br />

• assistance with bookkeeping (3 months free), personnel selection, training and<br />

development;<br />

• assistance with engineering, modernization of technical equipment and<br />

marketing;<br />

• consultant services for making a business plan;<br />

• office leading, internet use, keeping and modernization of IT equipment<br />

seminars; and<br />

• help in conducting marketing and public relations.<br />

During the realization of the project good relations with Knjaževac municipality,<br />

Belgrade’s municipalities Palilula, New Belgrade and City of Nis were established.<br />

Good cooperation with Regional Chamber of Commerce was built and the<br />

Memorandum of understanding with Entrepreneur’s Association from Knjaževac was<br />

page 38/SRB

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