Financial knowledge is key to unlocking a startup's full potential

FInsight program, podržan od strane OTP banke Srbija, zajednički se sprovodi u organizaciji EPICentra i Inovacionog centra Banja Luka, a za cilj ima osiguravanje rasta i održivosti startapa kroz finansijsko opismenjavanje i osposobljavanje za donošenje informisanih i pametnih odluka. Program je razvijen u okviru EBRD Star Venture programa, zajednički finansiranog od strane Luksemburga kroz EBRD Small Business Impact Fund i EU – Western Balkans Enterprise Development & Innovation Facility (EDIF).

The goal of the FInsight program is to support entrepreneurs in acquiring knowledge and skills in the field of financial literacy, to become financially stable and acquire important prerequisites for further business growth and development.
A significant part of startups fail due to financial problems, putting all their efforts into developing a great innovative business solution, without really understanding its true value and without realizing the importance of smart investment. Startups often don't speak the language of investors, they don't know how to make a sound financial plan and they don't understand their finances at all, and the risks and the importance of risk management, which all together, almost inevitably, leads to failure.
Zato se startapi moraju opremiti neophodnim znanjem i veštinama, jer njihova vizija zaslužuje više od same strasti i želje – zaslužuje preciznost i finansijsku oštroumnost.
FInsight provides exactly that.

  • Proper cash flow management and understanding the financial implications of decisions ensure sustainability and avoid unnecessary financial crises.
  • Accurate budgeting and forecasting lead to better and smarter allocation of resources.
  • Startups that understand their financing have a better negotiating position and communicate their financial position more effectively, building credibility among stakeholders.
  • Proactive risk management saves startups from financial failure.
  • An adequate understanding of finances helps to avoid fines, legal problems, and potential reputational damage.

FInsight – powered by OTP, je online, interaktivni mentorski program, koji će odabrane startape iz Srbije i Bosne i Hercegovine opremiti neophodnim finansijskim znanjem, veštinama i alatima, i pripremiti za efikasno donošenje odluka koje će pomoći daljem razvoju inovativnih poslovnih prilika.

Program information

  • Startups from the territory of Serbia and Bosnia and Herzegovina registered in the previous four years have the right to participate.
  • Up to 20 selected startups will be admitted to the program.
  • We invite startups that develop personalized and innovative solutions in the domain of data, digital transformation, and operational efficiency (automation and efficiency, process mining, digitalization), as well as startups that are focused on other industrial areas, to apply.
  • Važni kriterijumi za ulazak u program odnose se na biznis model – b2b ili b2b2c, kao i postojanje razvijenog MVP-a/prototipa.
  • The second generation of the program starts in the fall of 2024!.
  • In addition to regular sessions, participants will have the opportunity to schedule 1-on-1 mentoring consultations with experienced experts in the field of finance.
  • The program will be accompanied by additional networking events.
  • Applications are open until September 10, and all applicants will be notified of the results by September 12.

What does the FInsight bring?

  • Financial literacy and precision result in smart decision-making, based on data, not just gut feeling.
  • Understanding the true value of assets and tracking all costs is the first step in avoiding startup failure.
  • Speaking the investor's language is one of the key factors for putting yourself in a good negotiating position.
  • Understanding budgeting, forecasting, and financial analysis ensures smart startup investing, instead of just spending.
  • Svaka poslovna odluka donosi određene rizike – finansijsko znanje pomaže u identifikovanju, kvantifikovanju i upravljanju rizicima.
  • Efikasno finansijsko planiranje osigurava održivost – rast ne sme da nadmaši raspoložive resurse.
  • Financial literacy means being prepared for global development and global markets.
  • Knowing and understanding your own finances helps build credibility among various stakeholders.

Apply for participation in the FInsight program!

Osnovni finansijski pojmovi i koncepti, finansijsko planiranje, budžetiranje, izveštavanje, vrste troškova, prodajni kanali, finansijsko pravo, platni promet i plaćanje, izvori i plan finansiranja – sve ovo ćeš savladati u okviru jedinstvenog programa za startape koji ozbiljno shvataju svoje poslovanje!