Postcards from Europe: Case Study, Fastest Growing Top Ten!
Welcome to the content from our series "Postcards from Europe" that ran between the 14th - 19th of July 2014. On this page we showcase the top ten fastest growing start-ups in Europe. The data was collected from Deloitte Technology Fast 50 for Central Europe. Find out about our "Postcards" series HERE
#2: Bitgear Wireless Design Services: located in Serbia this incredible little start-up has achieved growth of 1872% according to the Deloitte index but what do they do and who are they? Well, the business was founded back in 2007 by Dejan Dramicanin after serving out an apprenticeship at companies such as Radiosoft and Signum Concepts. Like many entrepreneurs such as Michael Dell and others when you work for someone else you start seeing opportunities in the market place and that is certainly what happened with Dejan. While Bitgear appears to be a traditionally established B2B organisation servicing mainly infrastructure type projects we would go further and suggest that where this business is different is in its design focus and capability.
For example, we happened upon a presentation that Dejan uploaded to SlideShare under the title of “Vehicle Dynamics Technology (VDT) – Technology for future road safety devices” and we discovered something quite unique – by integrating currently available technology and infrastructure with conceptual design you cut away conventional thinking and all of sudden you have new innovations -in other words the strength of start-ups lie not in the idea but how the concepts are turned into design realities. One of those realities is around the same concept of unpacking the reasons an airliner crashes and that is the installation of a black box system in a car – as we know here at EntreHub the strength of data, when used correctly, enables you to make better informed decisions and, in this case, Bit Gear has a potential game changer on its hands – one that also has far reaching global market application.
Another trend we find with companies such as Bit Gear being based in a country such as Serbia enables innovation and creativity to grow away from the burden of complex regulatory regimes. In fact, all ten of the case studies we are looking at in this series are of growth potential companies from non-traditional developing European economies! Go Serbia is all we can say and go Bit Gear!