Friday, 12 July 2019

Croatian Gideon Brothers' Robots Working in Atlantic Group's Warehouse

The Croatian-made robots from an Osijek startup can carry up to 800 kg of goods and are fully integrated into the company's system.

As Bernard Ivezic/Poslovni Dnevnik writes on the 11th of July, 2019, Atlantic Group (Grupa), a food and distribution multinational based in the Republic of Croatia has started testing robots made by the Osijek startup Gideon Brothers in its new logistics and distribution centre in Velika Gorica near Zagreb.

Gideon had previously contracted testing in Atlantic Group, Orbico and Tokić. For this test, the Croatian company has stated that their other pilot project is still in production conditions.

Mladen Pejković, senior executive director for transformation and information technology at Atlantic Group, says that with this move, they've confirmed their leading position in this industry.

"We can see the many advantages of using Gideon's robots, such as increasing efficiency, alleviating the problem of employee scarcity, which is felt not only in tourism and manufacturing, but also in distribution, and here we break this idea of robots taking jobs from humans, because the that is actually true is cooperation between humans and robots, where repetitive and boring tasks are taken over by clever machines and thus enable people to focus on more creative work and control, increasing employee satisfaction, as well as business efficiency,'' stated Pejković.

The warehouse in Velika Gorica is fully automated. These Croatian robots, which can carry loads of up to 800 kilograms, are, in fact, integrated into Atlantic Group's warehouse management system. For that purpose, Gideon cooperated with Symphony RetailAI, whose software enabled the robots to perform such tasks.

Milan Račić, CEO of Growth and co-founder of the successful Croatian startup Gideon Brothers, says that in this way, Atlantic Group is following the world trends in digitalisation of business and e-commerce. The Gideon Brothers company was founded just two years ago. Its success has been great, and it currently boasts 55 permanent employees, including very highly qualified individuals. Investors from Croatia and abroad have so far invested an enormous 16.3 million kuna into this company.

Matija Kopić, executive director and co-founder of Gideon Brothers, says he is happy that Atlantic Group is using their robots.

"Our advanced visual perception technology raises the bar of what autonomous mobile robots can do in the right warehouse. We have excellent performance in industrial environments which the competing technology can't handle - and this proves the robustness of our technology,'' Kopić concluded.

Follow our dedicated Made in Croatia for more information on Croatian robotics, Croatian companies, Croatian startups, innovation, inventions, and much more.

Sunday, 9 June 2019

Croatian Student's Game to Take to Market Thanks to Crowdfunding Campaign

It's become somewhat the norm to read about the huge amounts of talent and innovative skills this country has to boast about, from incredibly sporting stars to entrepreneurs, inventors and scientists. For such a small country with a seemingly continually decreasing population, it has a lot to offer. Croatian students are among those who consistently showcase their abilities across a very wide range of skill sets and fields.

As Poslovni Dnevnik/Marta Duic writes on the 6th of June, 2019, talented and innovative computer game development students at Croatia's Algebra High School have launched a campaign for their interesting new product on the crowdfunding platform Indiegogo, their product, called Brawlament, was created by these students during this academic year.

The eleven-member team from this highly respected Croatian educational facility went step by step from their initial idea of their product's prototype right up to the realisation of their final product, after which they decided to take advantage of possible crowdfunding opportunities so that they could raise the necessary funds to allow for market entry and eventual commercialisation of this new Croatian game.

With the creation of this new game, the team of inventive creators wanted to revive the ''mood'' of old hits that users are nostalgic for and still very happy to play now when given the chance to.

"The team is made up of a number of game developers, and they may still be students today, but if we look at the campaign phase before the launch on Indiegogo and the campaign phase now, we can honestly say that they really are true game developers.

Our team consists of programmers, 2D and 3D artists, sound artists, and some of them also work on our social networks and websites,'' said Jurica Adamek, a computer science student and assistant in the development of computer games at Algebra.

Make sure to follow our dedicated Made in Croatia page for much more on Croatian inventions, products and services.

Sunday, 26 May 2019

Zagreb Student Creates Car Powered by Pneumatic ''Muscles''

FSB's Zagreb student, Šime Grbić, has created an autonomous robotic car that uses compressed air and pneumatic ''muscles'' to drive, thrilling international innovators.

As Lucija Spiljak/Poslovni Dnevnik writes on the 26th of May, 2019, among the more than 600 innovations from 35 countries around the world at the tenth anniversary of EuroInvent, the largest European innovation exhibition recently held in Romania, excellent success has been achieved by Zagreb student Šime Grbić, a young innovator and student FSB Zagreb, otherwise from the Dalmatian city of Zadar, who won six medals for his project of a vehicle powered by pneumatic ''muscles''.

This year he enrolled at Zagreb's FSB to head in the direction of Mechatronic Engineering and Robotics, and the backbone of his final work on his undergraduate studies was the subject of the designing and driving of pressurised vehicles. His mentor prof.dr. Željko Šitum recognised the potential of the project and encouraged Šime to partake in EuroInvent, which turned out to be a significant and unprecedented success. In this paper, the innovator points out, the knowledge gained during his studies was well applied, and Grbić was particularly interested in the development of robotics and autonomous vehicles.

''Given the fact that I come from a working family, I'd always helped my dad out in the garage by repairing various machines, so I came into contact with practical design and learned a lot because there was no opportunity for practical work in school," this successful Zagreb student stated. This was his first appearance at an international show and as such, his first prize. "I was helped out by my mentor, the company Festo, which donated components for making it, FSB Zagreb's Mechatronic Association, and my parents and my girlfriend who boosted my morale and sometimes financial support," Šime said.

This innovative Zagreb student returned from EuroInvent with many medals, and the top of the top is the gold medal of EuroInvent. His vehicle powered by pneumatic muscles is the model of an autonomous vehicle or a mobile robot that uses compressed air for its start up and running. The air is controlled by its valves in its pneumatic muscles, which, by their contraction, rotate the crankshaft of the vehicle and thus drive the vehicle.

"The rotation is solved by the help of a linear pneumatic stepper motor, which is a new type of pneumatic actuator proposed by a professor from the University of Twente in the Netherlands, which has enabled us to have a proper geometry of turning and rotating the vehicle's interior and exterior wheels,'' Šime states. As compressed pressure is used for the drive, the vehicle is also more environmentally friendly because it has no harmful emissions.

"The application can be part of a hybrid vehicle or as a mobile robot for inspection in explosive atmospheres where sparking can lead to ignition or explosion," says Grbić. Mobile pneumatic robots are relatively new in the world of robotics, but he believes that there is plenty of room for further development and progress.

"For the time being, these vehicles are mostly found as experimental setups and as a visualisation of engineering know-how and skills, just as there is in the field of mobile robotics and pneumatic robots as a whole, there is still room for improvement, but also for further application and for use,'' the talented Zagreb student states.

His car is now nearing completion, and further upgrade is said to be expected in the software industry where he would like to add some functions like a remote control, so it isn't only autonomous.

Make sure to follow our dedicated Made in Croatia page for much more. If it's just Zagreb you're interested in, give Total Zagreb a follow or check out Zagreb in a Page.


Click here for the original article by Lucija Spiljak for Poslovni Dnevnik

Friday, 24 May 2019

Croatian Flight Control Software Declared Best in World!

Croatian innovation seems to know no bounds (other than state bureaucracy that is), and is continuing to go from strength to strength with an impressive wave of technological inventions and solutions, winning acolades and recognition from around the world.

As Samo Pozitivno writes on the 22nd of May, 2019, Croatian-made flight control software, Vibe solution, has been declared the world's best technical solution by the expert IFATCA jury, an international flight control association. As far as the acknowledgment for this piece of innovation, the representatives of Vibe and Croatian air traffic control received an award during the first day of the IFATCA58 event, which took place from the 20th to the 24th of May in Costa Rica.

To win the title of being the absolute best of the best, this Croatian software was carefully chosen among technical solutions from more than 130 countries worldwide. The jury awarded their recognition to the Croatian multi-briefing system, which is one of the brighter examples of cooperation between the private and public sectors.

''The idea was to develop a system that will enable the easier and faster information flow between departments in air navigation control so that decisions can be made timely and precisely on the basis of "in-time" information, but also to maximise the performance of the department. Croatia's air traffic control has proven to be an excellent partner, as it recognised this idea five years ago and helped us to develop a system that has made the experts proclaim it the best in the world,'' said Marko Emer, the creator of Vibe Solution software upon receiving the award which was handed over by Philippe Domagal.

The value of this Croatian software was recognised by most of the 50,000 members of IFATCA from more than 130 countries around the world, consisting of aerospace and flight control professionals, making this success even more significant.

"It's always nice to get praised for some work, but when that praise comes from the experts, and when the choice is between the solution made by an IT company from Croatia and hundreds of other software developing companies from some of the richest countries in the world, then that feeling of satisfaction is far greater. This award for Vibe Solution once again proves that Croatia can truly prosper by investing in IT and providing opportunities for digital transformation through our innovations,'' emphasised Emer.

In the following four days of the IFATCA58 conference, numerous meetings took place between representatives of air navigation control from around the world, and there were certainly be opportunities for Croatian representatives to elaborate more closely on their experience with Vibe Solution software.

''Now the Croatian air traffic control officially uses system uses the best multi-briefing software in the world, which surely brings extra credibility among colleagues from around the world,'' added Emer, adding that he hopes that this Croatian software will soon be adopted by yet more countries across the world.

Make sure to stay up to date on more Croatian inventions, innovation, products and services and much more by following our dedicated business and Made in Croatia pages.


Click here for the original article by Slobodna Dalmacija

Tuesday, 21 May 2019

Zagreb Software Company Launches Application for Global Hotel Chains

As Lucija Spiljak/Poslovni Dnevnik writes on the 21st of May, 2019, the Zagreb software company Ingemark and the RoomOrders startup, launched by Croats despite having been registered in America, created the first application (app) for ordering food from hotels to hotel rooms and started to conquer the many challenges of the huge global market. They began with the development of this application at the end of 2017, and back then, as a pilot project, they first tested it out at the Hilton Hotel in Boston.

According to them, they will launch RoomOrders at the Hilton Sydney hotel, and then in Belgrade's Hilton in Serbia by the end of the month. The application's software, in which 2 million euro has so far been invested was started by the Zagreb-based company Ingemark, which has been in existence since as far back as 1990, and as of 2006, it has specialised in software development by order.

Funds for the application's development have also been withdrawn from EU funds. In the list of references are big clients such as Agrokor, Adris, HT... One of the most significant cooperations was, as they say, one in the Middle East where clients developed a platform that distributed multimedia content, and soon their latest project, ZorroTines, a regional music platform, will see the light of day right here on the Croatian market. Right now, it seems that this Zagreb company's RoomOrders app is going to go very far indeed.

As Eugene Brčić Jones, the marketing and sales manager at RoomOrders revealed, last week at the International Hotel Technology Forum in Zagreb, the company negotiated with numerous hotel industry leaders about integrating their products.

"We've intrigued the leading world chains and deepened the existing relationships, about which we're certain will bring us to the position of ''disrupter'' of the in-room dining segment within the hotel industry," Brčić Jones said, adding that he believes that in several years, it will be present in a number of world hotels which boast 4 and 5 stars.

"With the help of the RoomOrders application, guests in hotels can order food to their rooms in a few clicks and not in the ''old fashioned'' way. In addition to it having a faster mode, hotels can embark on this project without any large investments," explained Ingemark's director Jurica Mikulić, adding that the application has managed to receive some excellent initial customer reviews and financial results for the hotel. Hilton in Boston has increased its average order value by as much as thirty percent.

''We offer a simple solution that not only increases revenue, but promotes hotels through user-generated content and facilitates analytics. The greatest benefit is that this solution can be implemented without disturbances to the processes involved, and it provides almost instantaneous results,'' Brčić Jones added.

The author of the application, Haris Dizdarević, explained that the creation of RoomOrders was triggered by the current rather obsolete ways of ordering and the obvious need for faster selection and the changing of the menu that guests want in the room.

"We realised we should digitise the offer and thus expand it. The simple idea has become a complex but a successful project," said Dizdarević, explaining that the positive signal was the fact that hotel guests continue to use the application after the first time of using it, and for several days in a row. Although they acknowledge that the Croatian market is not really a priority, they're still negotiating with several Croatian hotels in Dubrovnik and with Maistra, Blue Lagoon (Plava Laguna) and Liburna, and that soon, the application will be launched in Sheraton, part of the huge global Marriott hotel chain.

Otherwise, RoomOrders was introduced DoubleTree by Hilton in Zagreb a few months ago, but then it was a modified version of the app.

"With the new application or system, the guest can, as soon as he is given the room after booking, in advance, even when travelling, immediately choose a range of dishes and orders so that it's ready and waiting in the room upon their arrival. The guest doesn't need to order it from the hotel room, they can do it in advance and choose from a simple and flexible application where all the photos, descriptions and the prices of the food and drinks in the hotel's offer are,'' they explain from hotel Sheraton where this new type of offer and service will be on offer by the end of May, which will, as they say, bring about improvements.

"The application also enables sharing of guest experience on the platform, real-time appraisal of food and services so that the hotel can almost react at the same time to all guests' comments and adapt to the current wishes and preferences of the guest," they added from Sheraton.

"We're sure that at some point there will be some competitors in this segment on the market, but we believe that we're strong and already ahead of them all. We're focusing on the development of this product which we want to make perfect. Along with marketing, the analytic component is the most important, to be more concrete, the analysis of the reactions, comments and the number of orders, so, the entire internal process. We hope to conclude this year with good results and continue to expand successfully,'' Brčić Jones concluded.

Make sure to follow our dedicated business and Made in Croatia pages for much more.


Click here for the original article by Lucija Spiljak for Poslovni Dnevnik

Monday, 20 May 2019

Croatian Innovation Provides Solutions in 5 Continents and 89 Countries

This Croatian startup currently employs 45 people. Its income in 2013 was thirteen million kuna, last year it reached 35 million, and in 2019, 50 million kuna is expected.

As Poslovni Dnevnik/Bernard Ivezic writes on the 20th of May 2019, the Croatian startup Zipato develops and manufactures smart home systems, which results in a Croatian solution that can compete globally with the likes of Apple, Google and Samsung. Just recently, 10,000 central ''Zipabox'' smart home computers have been delivered to the USA from right here in Croatia.

With that contract, the Croatian company concluded its single biggest job so far. Sebastian Popović, the co-founder of the former Vodatel, who is today the co-founder and director of Zipato, didn't want to delve too deep into the details of this contract, but he emphasised the fact that it was so significant that the production of Zipabox systems has moved to Zagreb.

For nine years now, 30,000 pieces of the same product but in its smaller series were sold across the Atlantic in America. Since then, far bigger orders have been dealt with by developers and OEM partners who have been equipping a larger number of apartments and various business premises with Zipabox's system.

"I expect there will be more similar contracts," stated Popović.

Sebastian Popović, along with Damir Sabol, is the only Croatian entrepreneur who has managed to build a profitable startup on the Croatian telecom market and then sell it successfully. Sabol sold Iskon to Croatian Telecom for 100 million kuna back in 2006, and Popović sold Vodatel to the former Metronet (currently integrated into A1 Croatia) for 80 million kuna just one year later. While he was in Vodatel, he developed the "eTV media centre", a computer that is the counterpart of today's well known IPTV set-top box.

Moreover, his former Vodatel was the first in Croatia to launch IPTV as a commercial service back in 2005. It had almost all of the functionality of today's IPTV, including video on demand. After the sale, Vodatel briefly moved to the building industry, but the global financial crisis, which hit Croatia in 2008, pushed that Croatian company back towards technology.

"We started nine years ago when we imagined ourselves quickly developing hardware and offering a smart home service in Croatia. However, we needed three years just to be able to show the first version of Zipabox," Popović noted.

He added that despite this, the hard work and effort definitely paid off. Although there were already many devices on the market and various smart home sensors around, either they weren't properly compatible with each other, or their installation and connection required large and burdensome investments.

"From the outset, we attracted the interest of customers from different parts of the world, mostly from some of the most developed countries, and they started contacting us and distributing and promoting Zipato in their countries," Popović said.

Today, the Croatian Zipato is present in an impressive 89 countries and across five continents. On its platform, more than 300,000 IoT devices are currently connected to 50,000 households and other spaces. The big business opened up its doors when this Croatian startup started to work directly with integrators and developers in the construction industry, instead of just with individual customers and distributors, who were so well equipped with new builds.

Popović emphasised the fact that they have had contacts with such companies in that industry since as far back as the year 2000.

As stated at the beginning, this impressive Croatian startup employs 45 people, it saw income of thirteen million kuna back in 2013 and as much as fifty million kuna is expected this year. In the last four years, they have also begun to contract OEM deals for telehandlers, power companies and other utility companies.

Make sure to follow our dedicated business and Made in Croatia pages for much more.


Click here for the original article by Bernard Ivezic for Poslovni Dnevnik

Saturday, 18 May 2019

Team from Zagreb's FER Wins SIM(P)ATIC PLC+ Challenge 2019 Competition

As Poslovni Dnevnik writes on the 17th of May, 2019, the regional student competition, held at the Faculty of Electrical Engineering and Computing in Zagreb, marked the completion of the SIM (P) ATIC PLC + Challenge 2019 project.

This project, initiated by the student association EESTEC and supported by the faculties of electrical engineering in Croatia, Slovenia and Serbia, as well as by no less than Siemens, provides the region's young future engineers with a more detailed insight into the issues that engineers usually encounter in industrial automation in order to better prepare for such work out there in the real world.

Three winning teams, one from each country, as well as the overall regional winner were selected. The winning team from Croatia consists of Karlo Hercigonja, Ivan Ratković and Nikola Benazić from the Faculty of Electrical Engineering and Computing in Zagreb, from Slovenia, the winners were Urban Aravs, Jernej Štremfelj and Tina Vindiš from the Faculty of Electrical Engineering in Ljubljana, and from Serbia, the team consists of Uroš Rakonjac, Petar Kovačević and Dejan Bogdanović from the University of Electrical Engineering in the Serbian capital of Belgrade. The regional winner of the competition is the team from Zagreb, Croatia.

Namely, the SIM (P) ATIC PLC + Challenge 2019 competition started back at the beginning of April with theoretical part of the workshop, where university lecturers from the Faculty of Electrical Engineering from Zagreb, Belgrade and Ljubljana held lectures otherwise not covered by the curriculum. In the next phase, the student teams solved the task by which the best two teams in the country qualified for the regional final in Zagreb. Within this competition finale, the finalists presented their respective solutions of the additional part of the task. Each team had ten minutes available to them for their presentations and five minutes to answer the questions from panel members.

Significant knowledge in the field of industrial automation was also demonstrated by other teams, all judged by a panel consisting of three experts from each country.

Each member of the panel evaluated teams from neighbouring countries in the categories of the quality of the created program and their presentation skills. The Croatian members of the panel were prof. dr. sc. Igor Erceg (FER), mr. Sc. Tomislav Pavić (A & C Automation Adria) and B.Sc. Marko Bunić (Siemens), while from Slovenia and Serbia, there were two university professors and one Siemens representative.

"This competition is an excellent example of synergy between faculties, students and economics. Siemens wants to support projects that encourage the development of professional and practical knowledge of future engineers from this area because we're also strategically focused on the areas of automation and digitisation, which were the cornerstone of this competition,'' said Medeja Lončar of Siemens at the award ceremony.

Make sure to stay up to date by following our dedicated lifestyle page for much more. If it's just Zagreb you're interested in, give Total Zagreb a follow.

Sunday, 28 April 2019

Zagreb Startup's Mundus Project - Australians Want Croatian Product

This Croatian startup from Zagreb is a real mix of classical and virtual mobile games, but also has an educational mission.

As Ivan Tominac/Poslovni Dnevnik writes on the 28th of April, 2019, today, virtual games have replaced classic ones like ''Čovječe ne ljuti se'' (Ludo) or ''Monopoly'', but when classically associated with a digital game, you end up with a smart social game - Mundus.

A passionate love for technology is shared by three students from Zagreb. They all came together two years ago, and their project is Mundus. Social games are undervalued today, these guys agree, and although industry experts might say that their project isn't in demand in this day and age, the fact is that they entered the startup world directly from their school desks and are learning in parallel with the development of the project.

"We had to combine what was unknown knowledge to us back then. But given the fact that we love to learn and to develop technology, it wasn't difficult for us,'' stated of Mundus's members, Filip Hercig, who was the one to kick off the project initially.

The idea for Mundus was quite spontaneous back at the end of 2015 when Hercig, who is now in charge of business development, showcased the very first concept of this clever game during a competition for young technicians and young entrepreneurs. The name changed several times - at the earliest stage it was called ''Zabavan put Hrvatske'' (A fun journey of Croatia) and then ''Svijet na dlanu'' (The world in your palm), before taking on its current name.

"In the summer of 2017, when we came to the CROZ company to develop our ideas, we decided to shorten its name from Svijet na dlanu down to just Svijet, but as it didn't sound good, we decided to translate into Latin, and that's how Mundus began,'' said Filip Hercig.

It seems that Mundus isn't just your regular type of game, and the focus of the project today is on the application of this technology within the scope of formal education. It's actually an educational system, and the game is just one of the solutions the Mundus team is working on. A mobile device acts as a kind of gaming agent, where players choose the theme for the game and launch a quiz, and everything else is played on the game's board, like with classic games before the Internet age.

Things became much more serious for this Croatian startup back in September of last year, when they won the Good Game Liftoff startup competition.

"They chose us as the best startup and besides giving us their trust, they also gave us 100,000 kuna. We can't forget to mention the Good Game Global company that actually organised the competition and raised all the funds for that prize,'' added Hercig.

After winning the Good Game Liftoff, this Croatian startup managed to secure numerous collaborations, is currently working with 48 schools across the Republic of Croatia, and interest in the game has stretched far beyond the borders of the country, and even beyond the borders of the EU and the European continent.

"There's interest on the Australian and New Zealand market, specifically in the education sector. We're currently conducting tests that are a prerequisite for serious moves in these markets,'' said Hercig. Mundus is actually still a non-profit organisation, explained Hercig, and in 2019, it should turn into a real company.

"We're oriented towards cooperating with educational institutions, but of course we're not closing the door to purchase options for private users. We've got potential there tool, and in order to best explore the mass market, we plan to launch a Kickstarter campaign in September 2019,'' concluded Mundus' Filip Hercig.

Make sure to follow our dedicated business and Made in Croatia pages for much more.


Click here for the original article by Ivan Tominac for Poslovni Dnevnik

Wednesday, 24 April 2019

Croatia's ''Include'' Attracting Investment and Attention

When it comes to results, Croatia's Include published an impressive 115 percent growth in revenue in the first quarter of the year, and an average selling price growth of almost 40 percent.

As Tomislav Pili/Poslovni Dnevnik writes on the 23rd of April, 2019, one of the main stars of the Croatian startup scene, entrepreneur Ivan Mrvoš, is continuing to impress. Just two years after Include's first capitalisation through Funderbeam, recapitalisation is about to happen again, aiming this time at almost ten times the amount. Before today's public announcement of the campaign, Include's main man revealed that his company, which is a top Croatian manufacturer of solar powered benches, is collecting part of the finances through Funderbeam while the other part will be provided by private investors.

"After the successful first round of investment back in 2017, when we raised about 3.5 million kuna with a 30 million kuna valuation, we decided to enter a new round of recapitalisation. We didn't set a fixed amount, but we expect that the investment will be at least 20 million kuna, with the potential to reach approximately 30 million kuna. As for Funderbeam's part of the investment, we're expecting to raise about 10 million kuna through the platform,'' said Include's boss Ivan Mrvoš. At the moment, he has secured about 10 million kuna from the Funderbeam platform and is actively discussing the additional funds with several potential investors, including private individuals and venture capital funds.

"Right now, I can't say which investors are involved, but they're people who have led or are currently leading various Croatian industries, which we consider to be a significant indicator," he pointed out. When asked how much shares in Include now sell for and how much the company is valued at, Include's founder explained that things are a bit different now than they were back in 2017.

"The company has four years of business behind it and some remarkable results have come to fruition, so we decided to hire one of the companies from ''The Big Four'' to do a valuation. What I can say is that it was a very intensive process that lasted for several months, and the company was estimated at 110 million kuna last week,'' says Mrvoš.

"The company ended last year with a positive result, and we also continued things successfully during the first quarter of this year, with 60,000 kuna of net profit," Mrvoš revealed.

The collected money will certainly go into the development of existing markets, but also to conquering new markets.

"We intend to strengthen our presence on existing markets and continue to build a global distribution network. In addition, we're beginning with the development of new products that will be complementary for the existing markets, and intended for those same markets, and we'll also get some more advanced equipment for our development and production activities,'' explained the talented young entrepreneur.

The trading of Include's tokens at Funderbeam was stopped on April the 1st this year due to campaign preparation, and the latest market price is 3.5 euros. The director of Funderbeam Damir Bićanić explained that the price of the shares will not be one euro as they usually are in Funderbeam's campaigns, but higher, meaning more specifically that they'll reflect the company's new valuation.

The leading investor, as was the case in 2017, will be Ivana Šoljan who says that Include will certainly pass at least one recapitalisation, and "hopefully maybe go to the stock market in the future.''

"Mr Ivan Mrvoš and his whole team have advanced tremendously. Organisationally, they did well, they wrote regular reports to investors, they're not late with deliveries, they plan things smartly - they're ready for a new round,'' concluded Šoljan.

Make sure to follow our dedicated business and Made in Croatia pages for much more.


Click here for the original article by Tomislav Pili for Poslovni Dnevnik

Monday, 8 April 2019

Croatia's ''Include'' Sees Smart Benches Conquer Chilean Market!

The Croatian company Include from Solin has strengthened its exports, entered the Polish and even the Chilean markets, a new investment round is on its way, and of course greater production and employment will naturally follow that.

As we reported recently, during the first quarter of 2019, this remarkable Croatian company from Solin recorded some excellent export performance, and it seems that Include is just going from strength to strength.

As Marta Duic/Poslovni Dnevnik writes on the 7th of April, 2019, the amount of orders placed, when compared to just one year ago during the first quarter of 2018, increased by a massive 109 percent to 2.3 million kuna, while Include's total income increased by an equally impressive 115 percent.

"The first quarter is always frozen in our [type of] business. So far, we haven't achieved significant results during Q1, as plenty of markets are still covered in snow, and the first installations take place during the spring. But the first quarter of this year has been the best quarter ever since we've been doing business,'' stated Include's founder and director, Ivan Mrvoš, before going on to reveal everything Include has been busy doing since the beginning of 2019 alone.

This includes a new two-year distribution agreement with Deutsche Telekom, featuring fifty global markets; the sale of 44 Steora smart benches, a move worth more than 1.1 million kuna, and the opening up of the Polish market.

Our recent article on Include's success reports on the fact that these Croatian smart benches have been delivered to numerous other European countries, such as to Italy, France, the Netherlands, the United Kingdom and to Spain. In February, a new order came from Montenegro, and then new doors outside of the European continent opened up to Include, and a new market was ''cracked'', that of the very distant Chile.

"That's how we managed to arrive to the last possible continent. I'm not counting the Antarctic," smiled Mrvoš. The month was completed with the deliveries of 27 smart benches to Greece, Ireland, Israel, Poland, Italy and Hungary. March resulted in orders for a new product - Monna cyclo benches for Dublin.

Include's entrance onto the Chilean market marks a new achievement for the Croatian company, whose products are gradually finding themselves leaving Europe and spreading further and further across the world.

Make sure to stay up to date with Croatian companies, Croatian products and services, doing buisness in Croatia and much more by following our dedicated Made in Croatia and business pages.


Click here for the original article by Marta Duic for Poslovni Dnevnik

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