Although it exists for only three years, this Sarajevo based company is already setting standards of business in BiH.
It was established back in May 2015, and the Ministry of Programming grown into a multimillionaire exporter in only three years. Its products are changing the world for better in the technological sense, and young people from all over the region are coming to Sarajevo to work there.
Everything started with their desire to create a company that will be different from all the others.
“We decided that we want a company that will differ from the others at the very beginning, and that is the reason why we chose to get into production of start-ups. So, our main role is to be the technological and logistical support for start-ups, the upcoming technology companies,” said Resad Zacina, who founded the Ministry of Programming together with his brother Faris.
“Back then, starting a company represented a large risk for us. I worked in Sweden, in one of the most promising start-ups there. Faris worked in Sarajevo for an American company. We were both interested in this story about start-ups, and we also wanted to transfer some of the things that were being done in the world to our country. We wanted to give our people an opportunity to be part of the flow of the world and to work with advanced technologies,” said Resad.
After they managed to find their first partner, their work was unstoppable. After only a year, they employed 20 people. That number was twice as big after just two years. Today, there are seventy of them, and the Ministry of Programming moved from several rented tables in a co-working area to its own offices at a total of 600 square meters in Importanne Center in just three years.
They produced 30 start-ups on that path. All of the start-ups are abroad, and the export that this company achieves is measured in millions.
Their start-ups now work in Sweden, Germany, the United States, the United Kingdom and Switzerland. The company is especially proud of NAGA start-up.
“NAGA is one of our most successful products. It is the first block chain platform for decentralized trading, investment and education on financial markets, virtual goods and crypto currencies. This is the best example where we made something from nothing. From a company with two employees, NAGA has grown into a company with two hundred employees and it was listed on the Frankfurt Stock Exchange,” said Resad.
The Ministry of Programming is the best proof that successful companies can be established in BiH. They stated that their wish is to motivate other young people to get engaged with entrepreneurship.