Dubrovnik Signs Agreement with World Business Angels Investment Forum

ZAGREB, April 20, 2018 – The Town of Dubrovnik has signed a Memorandum of Understanding with the World Business Angels Investment Forum (WBAF), which is expected to strengthen cooperation between business angels from Turkey and the European Union through investments, information exchange and education, it was said on Thursday when the memorandum was signed by Dubrovnik Mayor Mato Franković and WBAF Chairman Baybars Altuntas.

Franković underscored that cooperation with WBAF should boost and promote startup companies as a different type of economic activity in Dubrovnik. “Mr. Altuntas is a great innovator who has shown how to develop small startup companies, and that is interesting to us because most of our commercial activities are based on tourism. We will include Dubrovnik University and Rochester Institute of Technology (RIT) Croatia in this cooperation. I believe that we will become a small centre of new commercial activities that aren’t exclusively related to tourism,” Franković underscored.

Altuntas welcomed Dubrovnik’s desire to become a global centre for tourism innovation. Innovation in tourism is as important as innovation in other industries. Every city or country that wants to be a leading eco system for innovation makes a great investment for future generations, Altuntas said. He stressed that education for entrepreneurship was much more important than just putting money on the table.

For entrepreneurs to have a proper way of thinking and skills to develop business is more important than financing. Good business ideas will find their way to financing, added Altuntas, who is currently visiting Croatia and in addition to Dubrovnik, will also visit Split, Zagreb and Krapina.

The World Business Angels Investment Forum (WBAF) is an international organisation aiming to ease access to finance for businesses from start up to scale up, with the ultimate goal of generating more jobs and more social justice worldwide. It is committed to collaborating globally to empower world economic development by creating innovative financial instruments for innovators, startups, and SMEs.

Baybars Altuntas is a Turkish entrepreneur, angel investor, speaker and author based in Istanbul. In 2011, he wrote Off the Bus, Into a BMW, the story of his life and his rise to success in the business world. The book has been reprinted 24 times in Turkey and has been translated into several languages and last year its Croatian version was published.

 

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