Successfully completed "Project for Support to Research, Innovation and Technology Transfer in Serbia"

The Ministry of Education, Science and Technological Development, the Innovation Fund, the Delegation of the European Union in Serbia and the World Bank today marked the completion of the "Project for Support to Research, Innovation and Transfer of Technology in Serbia" funded with 2.5 million Euros from the Pre-Accession Funds European Union (IPA) for 2013, and implemented in cooperation with the World Bank.

Minister of Education, Science and Technological Development Mladen Šarčević said at the Science Technology Park ceremony that the goal of the project was to connect science and economy better and to make better use of capacities for the purpose of commercialization of scientific research and improvement of technology transfer.

The director of the Innovation Fund, Ivan Rakonjac, also thanked the EU and the World Bank, as well as the Ministry of Education for Science and Technological Development on moral and material support. He said that through this project a program of cooperation between science and economy was designed and that through it, consortiums of private companies and scientific research institutions could receive support of some 300,000 euros of grants. This project, among other things, has been established by the Technology Transfer Office, which, together with the Center for Technology Transfer at Faculties of the University of Serbia, has the task to help research that is mature enough to see the brightness of the market. Within this office, a voucher mechanism has been established, he said, and announced that a new call for innovation vouchers will be announced in the second half of March.

Head of the Delegation of the European Union to the Republic of Serbia Sam Fabrici said that knowledge is needed business and that science and economy have so far conducted "separate lives" in Serbia and that they should be connected.

The head of the World Bank Office in Serbia, Stephen Ndegwa, said the project was very successful and announced that the World Bank will continue to help Serbia.

The technology transfer program supported 19 scientific-research projects worth 360,000 euros, among which three found a business partner and signed a license agreement for the placement of products on the market. After its pilot phase, it becomes a permanent program of the Fund, and the call is open throughout the year. There are 11 services developed, among which are the most important innovation vouchers. Financial aid through 220 innovation vouchers received 180 small and medium enterprises, in the total amount of 1.17 million euros. The program of cooperation between science and economy has supported 14 innovative consortium projects consisting of companies and public scientific-research organizations, with a total value of 4.4 million euros. The Project also provides continuous technical support to the Ministry of Education, Science and Technological Development, in the development of the Strategy for the Development of the Research and Innovation Sector and the Platform for the Development of Scientific Research Infrastructure, with accompanying action plans.