The Business Technology Incubator of Technical Faculties Belgrade L.L.C. has been established as a partnership between the four technical faculties of the University of Belgrade (Civil Engineering, Mechanical, Electrical and Technological/Metallurgical), the Municipality of Palilula and the Democratic Transition Initiative, and the establishment has also received support from the Organization for Security and Cooperation in Europe (OSCE). Establishment of Incubator based on international experiences and best practices has the following goals: *To encourage and support young and educated people in starting up their own business and to keep them in Serbia, *To create the conditions for commercialization of the results obtained through science and research activities of university professors and their associates, by spinning of private enterprises, *To facilitate the creation of new Hi-Tech SMEs. The aim of the Incubators is to give support in the early stages of business development in the form of subsidized overhead (office and research space and technological and telecommunication infrastructure), administrative assistance (legal, accounting, etc.), as well as business counseling (planning, management, marketing, etc.).