The keynote discussion focused on the startup ecosystem in Kosovo and the Western Balkans, the challenges these startups face, and the most appropriate solutions to facilitate the entrepreneurial journey and increase chances of success.

The event began with opening remarks from Ardian Hoxha, President of KFSEE, who delivered an encouraging message to the key players, urging them to contribute not only to the Kosovar ecosystem but also to the wider regional ecosystem.

“Angels Connect Socials” continued with remarks from Suat Bakkal, Executive Director and Board Member of BKT Kosova, who emphasized the importance of key ecosystem actors and their collective efforts to improve the environment for startups. Drawing a parallel between his daughter’s desire for a unicorn toy and the joint mission with KFSEE, Bakkal said, “For our dreams, we need to work together.”

Muharrem Inan, Head of the Financial Institutions Department at BKT Kosova, highlighted BKT’s initiatives to promote innovation and entrepreneurship, including an initial fund of €1 million that will be invested in startups through Keiretsu Forum SEE. He also unveiled details about BKT Kosova’s cooperation with the Kosovo Credit Guarantee Fund (FKGK) for the Diaspora Investment Window, which is supported by the Government of Kosovo. This initiative aims to contribute up to €3 million in support of enterprises founded by Kosovar expatriates, promoting local production and economic growth.

Ravik Mima, Executive Director of KFSEE, shared updates on startups co-invested by forum members, including FinqUp, Yova, and Boksy Adriatic. He explained that KFSEE now serves as the only regional platform supporting young entrepreneurs in the Western Balkans and Southeast Europe. For the first time, it enables tangible regional economic cooperation, where, for example, a Keiretsu SEE Forum investor from North Macedonia can co-invest with an investor from Serbia or Albania in a startup from Kosovo. “We are becoming part of history for the region, similar to the success story of Germany and France with the creation of the European Coal and Steel Community (ECSC), which later led to the formation of the European Union,” Mima concluded.

In a spontaneous moment, Igor Madzov, KFSEE Board Member, demonstrated the virtual agent from FinqUp, an innovative fintech startup that uses artificial intelligence for financial services — or as they prefer to call themselves, “the Swiss Army Knife of the digital world.” The audience laughed and engaged as the virtual agent, Maggie, responded to Igor’s questions with a cheerful “Okey dokey” before delving into a more detailed explanation.

During the panel discussion on the “Development of the startup and investment ecosystem in Kosovo and the Western Balkans”, all speakers agreed that the dedicated fund for innovation is essential for the benefit of the ecosystem.

Arta Istrefi, Country Program Officer for the Swiss Entrepreneurship Program and Co-Founder & Performance Director at Narwhal Network, shared her insights, acknowledging the significant role such funds play in facilitating the journey of entrepreneurs in Kosovo.

Metihe Kastrati, Director of Management at Innovation Center Kosovo (ICK) and founder of Datawis, reflected on the contributions made by various actors in the ecosystem, sharing that ICK has supported the development of 500 early-stage ideas or ventures. “There are 500 dreams that ICK has helped bring to life,” she said.

Grant Van Cleve, member of KFSEE and investor in 112 startups, and President of the American Chamber of Commerce in Albania, reiterated the importance of involving stakeholders and joining efforts. He praised KFSEE as the ideal platform to connect with investors who believe in the power of startups and their impact. He also addressed the founders in the room, urging them to surround themselves with supportive people who believe in their vision.

Building on that sentiment, Ardian Hoxha added, “…a brand is trust,” emphasizing that earning trust is a crucial step in building a strong team and revenue streams. This trust is often the secret ingredient that entices investors to get involved, even when the numbers may not initially be promising.

The event concluded with a lively networking session, set against the backdrop of classical music performed by two young musicians. Attendees enjoyed wine, created valuable connections, and fostered partnerships, while new friendships were formed. The excitement for upcoming events was palpable, particularly with the anticipation of discovering the five startups that will receive investment proposals on September 27, again in Pristina.

Keiretsu Forum SEE is quickly becoming a key player in the regional business scene, connecting successful entrepreneurs who wish to make a difference as business angels in Southeast Europe. It’s more than just being part of a forum — it’s about fostering a community that drives change. Well-known Albanian entrepreneurs and investors are encouraged to join, as KFSEE offers an exciting opportunity to invest in the region’s most promising startups, shape the future, and push the boundaries of what’s possible in Kosovo, Albania, and beyond.