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Home > Country fiches > Country fiche for The Former Yugoslav Republic of Macedonia

Country fiche for The Former Yugoslav Republic of Macedonia

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General information

Up to now, the crowdfunding sector has not been extablished yet in Macedonia. There is only one active platform that collected a very small amount in the last three years.

AF market volume per capita
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  • Role of alternative finance
  • Regulatory Context
  • Support policies
  • Additional insight

Role of alternative finance

Overall size of the market: 

There is no precise data available about the market size of the country. So far, there are 3 successful projects funded by the only existing crowdfunding platform for a total of 160,000 MKD, corresponding to 2,500 EUR.

Trend:
Total crowdfunding platforms: 

There is only one active crowdfunding platform in the country, LetsFundIt.mk (https://www.letsfundit.mk/). So far, there are 3 successful projects funded for a total of 160.000 MKD, corresponding to 2.500 EUR. Since the establishment of LetsFundIt in 2013, no new platforms have been created in the country.

  Evidence
Equity-based crowdfunding
Reward and donation-based crowdfunding

LetsFundIt, the only active platform in the country at the moment, is not focused on R&I topics, but it's a generic platform that also hosts R&I related projects
(source: http://crowdfunding4innovation.eu/platforms?f[0]=field_base_country%3A32)

Lending crowdfunding
Others

Regulatory Context

  Evidence
Is there a specific national regulation in place applying to crowdfunding?

No

General regulation
Prospectus requirement

Support policies

Overview: 

Currently, matching funds, state aid or tax benefits for alternative finance are not available in the Former Yugoslav Republic of Macedonia.

  Evidence
Matching funds initiatives
State-aid
Tax benefits
Crowdfunding guidelines for entrepreneurs / investors
Guidelines for researchers on crowdfunding for R&I

Additional insight

Success story of crowdfunding platfroms for R&I: 

NAME: Letsfundit

LINK: https://www.letsfundit.mk/

Success story of crowdfunding projects for R&I: 

There are no funded projects concerning R&I in Macedonia.

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Open Evidence
Politecnico di Milano
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