Razvojna agencija Split - RaST

What Razvojna agencija Split - RaST does

Razvojna agencija Split - RaST d.o.o. is a limited liability development agency wholly owned by the City of Split, Croatia, originally founded in 2006 under the name Splitska razvojna agencija, reactivated in January 2018 and rebranded under its current name. Its core mandate is to operate as the municipal instrument for local economic development and entrepreneurship support within the City of Split and the Urban Agglomeration Split area. The agency's principal activities are concentrated in two physical assets: Tehnološki park Split (TPS), a 17,500 m² high-tech innovation hub located in the repurposed Dračevac military barracks that opened to tenants in July 2024, and Poduzetnički centar RaST+, an entrepreneur support center providing free advisory, consulting, and educational services. TPS offers 6,000 m² of offices, 390 m² of co-working space, 14 incubation units, an 800+ m² conference center across four halls, a 3D laboratory, a Smart City laboratory, and a data center, with a stated full-buildout capacity of 7,000 employees across three phases.

The agency's services target three customer tiers: micro, small, and medium enterprises (MSMEs) seeking education and EU funding advisory, early-stage startups up to five years old seeking incubation and acceleration support (including the INVENTO accelerator delivered in partnership with HAMAG-BICRO), and aspiring entrepreneurs without prior experience. Service delivery is event-driven and community-led, encompassing a free workshop cycle (February to November 2026 across 20+ topics), free advisory sessions, and acceleration programming, all funneled through the agency's website (agencija-rast.hr) and the LUMA registration system. Distribution is exclusively domestic and direct, through physical facilities and onsite staff, with no third-party resellers or partners.

The revenue model is predominantly grant-funded. RaST has secured approximately €14.2 million in cumulative EU grant disbursements from the European Regional Development Fund, including €13.9 million for the construction and equipment of TPS (against a total €21.9 million project budget, with an EIB loan through the City of Split closing the gap) and €257,197 toward the €302,585 'RaSTom do razvoja poduzetništva' operational program. A smaller recurring revenue stream comes from subsidized TPS rental income (€11.50-12.70/m² + €3/m² common costs) and an operational subsidy from the City of Split budget. The agency operates with a lean team of nine employees.

Name

Razvojna agencija Split - RaST

Legal name

Razvojna agencija Split – RaST d.o.o. za usluge i razvoj

Website

https://agencija-rast.hr

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Razvojna agencija Split - RaST is a local development agency, wholly owned by the City of Split, Croatia. It manages Tehnološki park Split (a 17,500 m² high-tech innovation hub) and Poduzetnički centar RaST+, delivering free advisory services, workshops, and EU-funded business support to SMEs, startups, and aspiring entrepreneurs in the Split Urban Agglomeration.

Ownership category

akta.pro rank

Headquarters

HQ city

Split

HQ country

Croatia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. EU Project Funding: Primary revenue stream from EU-funded projects. The project 'RaSTom do razvoja poduzetništva' is worth 302,585.09 EUR with EU support of 257,197.26 EUR from the European Regional Development Fund. Tehnološki park Split projects totaling 21,866,655.48 EUR with 13,945,747.52 EUR in EU grants.
2. City of Split Municipal Funding: Operational funding from the City of Split budget as the owner and principal of the agency.
3. Rental Income: Revenue from rental of office spaces, co-working zones, and commercial facilities in Tehnološki park Split. Rental prices are set at competitive rates (approximately 11.50-12.70 EUR/m2 plus 3 EUR/m2 for common costs).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Razvojna agencija Split – RaST is a municipal development agency that manages the Tehnološki park Split technology park and the Poduzetnički centar RaST+ entrepreneurial support center, providing free advisory, consulting, training, and project-preparation services to SMEs, startups, and City of Split institutions. Its activities are funded primarily through EU grants and the City of Split budget, and include free workshop programs, startup incubation, acceleration support, and assistance with EU-funded project applications.

Product overview

Razvojna agencija Split – RaST operates as a unified platform combining physical infrastructure and support services for entrepreneurship development. The core portfolio consists of two interconnected facilities: Tehnološki park Split provides high-tech incubation infrastructure with office spaces, coworking, and acceleration programs, while Poduzetnički centar RaST+ delivers consulting, education, and free workshop services. These are complemented by the EU-funded 'RaSTom do razvoja poduzetništva' project providing structured training programs and the INVENTO Accelerator Program for startup development. Together, they form a comprehensive ecosystem supporting entrepreneurs from ideation through growth, with a particular focus on high-technology sectors and innovation.

Differentiator

Problem solved

Functional benefit

Brands

• Tehnološki park Split: Technology park in Dračevac area, a high-tech hub for startups, entrepreneurs, and scientific community in Split
• Poduzetnički centar RaST+
• RaSTom do razvoja poduzetništva

Products and services

• Tehnološki park Split (Technology Park Split) A 16,800 m² high-tech innovation hub managed by RaST that provides office spaces (6,000 m²), 14 incubation offices, a 390 m² co-working zone, an 800+ m² conference center with 4 halls, a 3D laboratory, a Smart City lab, and a data center. The park is designed for startups, entrepreneurs, and SMEs in high-technology sectors including ICT, e-mobility, and biotechnology. Office rentals are priced at 12.70 EUR/m² (fully equipped) or 11.50 EUR/m² (shell), plus 3 EUR/m² for common costs.
• Poduzetnički centar RaST+ (RaST+ Business Center) An entrepreneurial support center providing free advisory, consulting, information, and problem-solving services to micro, small, and medium enterprises in Split and the Urban Agglomeration. Services include one-on-one business consulting, structured training programs, and the year-round workshop program (February–November 2026) covering business basics, financial management, marketing, digital tools, EU funds, public procurement, and business development.
• Free Workshops for Entrepreneurs (Besplatne radionice za poduzetnike) A free workshop program for micro, small, and medium enterprises, future entrepreneurs, and individuals with no prior business experience, covering 20+ topics including business basics, financial management, marketing, sales, digital tools, EU funds, public procurement, and business development. All workshops are free for participants and funded through the City of Split program and the EU project.
• INVENTO Accelerator Program An acceleration program for startups and early-stage companies (up to 5 years old) operating in innovative technology sectors, delivered in partnership with HAMAG-BICRO. Provides mentorship, business consulting, support for investor communications, and internationalization assistance, with up to €4,000 in non-financial support during the pre-acceleration phase.
• Project 'RaSTom do razvoja poduzetništva' An EU-funded project (KK.03.1.2.10.0009) under the Operational Programme Competitiveness and Cohesion that delivers structured entrepreneurship support services — education, consulting, information, and problem-solving — to micro, small, and medium enterprises in the Split Urban Agglomeration. Total project value is €302,585.09 with EU support of €257,197.26 from the European Regional Development Fund.

Quantifiable outcome

• 404 new jobs expected to be created through Tehnološki park Split Phase 1
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eleven partnerships are on record, tiered core, minor and major.

• Inovaciono preduzetnički centar Tehnopolis (Nikšić)coreStrategic or Co-development Partner · 4 September 2025Memorandum of Cooperation signed between RaST and Tehnopolis from Nikšić, Montenegro. Formalizes partnership between two key institutions in innovation, entrepreneurship, and startup ecosystem support in their respective countries.
• Split Tech CitycoreStrategic or Co-development Partner · 2 July 2025Cooperation Agreement signed with the goal of strengthening entrepreneurship in Split. Formalizes continuous collaboration that has been ongoing for years, focused on strengthening the local innovation and entrepreneurial ecosystem.
• Tehnološki park Sejong (South Korea)coreTechnology or Integration · 1 April 2025Memorandum of Understanding signed between Tehnološki park Sejong and RaST as part of Knowledge Sharing Program with Korean Development Institute. Aims to improve management capacities of Tehnološki park Split for quality services to SMEs.
• IRI CentarminorStrategic or Co-development Partner · 1 March 2025Collaboration in organizing 'Društveno inovacijski sprint' (Social Innovation Sprint) as part of Capacity2Transform project. Experts worked on innovative solutions for public services.
• Korejski institut za razvoj (KDI)coreStrategic or Co-development Partner · 16 September 2024Knowledge Sharing Program collaboration between Korean Development Institute and RaST/City of Split. Program designed for exchange of development experience from Republic of Korea with partner countries. Goal is to improve TPS management capacities.
• HAMAG-BICRO (INVENTO Accelerator)coreStrategic or Co-development Partner · 1 June 2024RaST acts as program implementer for INVENTO accelerator program alongside 9 other accelerators. Provides acceleration services in Tehnološki park Split and Poduzetnički centar RaST+. Non-financial support up to 4,000 EUR in pre-acceleration phase.
• French Embassy in CroatiaminorStrategic or Co-development Partner · 21 March 2024Ambassador Fabien Fieschi visited Tehnološki park Split. Discussions about cooperation opportunities and the role of TPS in innovation and digital economy development.
• Projekt jednako razvoj d.o.o. (PJR)majorImplementation/ SI/ Consulting Partner · 25 March 2022Contract signed for 198,500.00 HRK (without VAT) for implementation of education and workshop activities in project 'RaSTom do razvoja poduzetništva'. Provides training services to SMEs.
• Waves komunikacije d.o.o.majorImplementation/ SI/ Consulting Partner · 17 January 2022Contract signed for 185,300.00 HRK (without VAT) for promotional activities in project 'RaSTom do razvoja poduzetništva'. Handles project promotion and visibility.
• Strabag d.o.o.coreImplementation/ SI/ Consulting Partner · 1 January 2022Construction company contracted for 124,498,144.27 HRK for construction of Tehnološki park Split central building. Executed demolition and construction works.
• Grad Split (City of Split)coreStrategic or Co-development Partner · 28 April 2021City of Split is the owner and principal of RaST. Tehnološki park Split is owned by the City and given to RaST for management. RaST provides project preparation services for City strategic projects.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• HAMAG-BICRO (Croatian Agency for SMEs, Innovations and Investments): Croatia's national SME and innovation agency overseeing the INVENTO accelerator program that RaST implements locally. Functions as a broader, national-scale counterpart providing financial instruments and programs that complement RaST's regional entrepreneurship support role.

Direct peers

• STEP RI (Science and Technology Park University of Rijeka): University-affiliated science and technology park in Rijeka providing incubation, lab facilities, and SME advisory services to startups. Operates a similar high-tech park business model with EU project funding and academic partnerships in the Croatian market.
• Tehnološki park Zagreb: Zagreb-based technology park providing office space, incubators, and SME support services to Croatian tech companies. Functions as a parallel regional player within the national ecosystem, with potential overlap in serving startups that could locate in either Zagreb or Split.
• Inovaciono preduzetnički centar Tehnopolis (Nikšić, Montenegro): Regional innovation and entrepreneurship support center in Montenegro operating a similar technology park with incubation, co-working, and SME advisory services. Signed a 2025 MoU with RaST formalizing the partnership, indicating structurally equivalent institutional models across the region.
• Split Tech City: Local Croatian tech community organization that signed a 2025 cooperation agreement with RaST to strengthen entrepreneurship in Split. Operates adjacent to RaST's Tehnološki park Split, providing community/networking complement to RaST's physical infrastructure and EU program execution.
• Tehnološki park Varaždin (TPV): Regional technology park in Varaždin offering incubation offices, co-working, and acceleration services to Croatian startups and SMEs. Comparable in scale and operating model to Tehnološki park Split, serving as a parallel regional innovation infrastructure asset.

Others

• Hrvatska banka za obnovu i razvitak (HBOR): National development bank of Croatia providing financing and credit support to SMEs and infrastructure projects. While not directly competing with RaST, HBOR's lending facilities complement the agency's advisory role, and together they form the public support apparatus for Croatian entrepreneurship.
• European Business and Innovation Centre Network (EBN): EU-wide network of business and innovation centres including many technology park operators. Provides benchmarking, best-practice sharing, and EU project partnerships that mirror the kind of knowledge transfer RaST seeks through its Korean Development Institute partnership.
• Hrvatska gospodarska komora (HGK / Croatian Chamber of Economy): National chamber of economy providing broader business representation, advocacy, and SME support services across Croatia. While not a tech park operator, HGK operates in an adjacent support-services role and frequently partners with regional development agencies like RaST on member services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/razvojnaagencijasplit

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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M&A

Investments

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