New public call of the Innovation Activity Fund for the Early Development Program and the Innovation Co-financing Program - deadline by August 31

As of today, innovative companies can apply for grants for innovation development through the Early Development Program and the Innovation Co-financing Program. The public call is open until August 31, 2020 at 3 pm, and applications are submitted through the Fund's portal.
The early development program is intended for young companies that are developing technological innovation that is needed in the market. Up to 80,000 euros are awarded individually per project. Micro and small companies established in Serbia, in majority private Serbian ownership and not older than five years, as well as teams can apply for funds within this program. The funding allocated by the Fund covers a maximum of 70% of the total eligible costs of the project, the duration of which is up to 12 months.

Through the Innovation Co-financing Program, financial support of up to EUR 300,000 per project is awarded, and the beneficiaries are micro, small or medium enterprises with majority private ownership registered in Serbia. The support enables companies to develop new products, services and technologies with high added value and encourage the commercialization of research and development of existing innovative companies, as well as the establishment of cooperation / partnerships with international companies / organizations. The funding allocated by the Fund covers a maximum of 70% of the total eligible project costs for micro and small enterprises, and 60% for medium-sized enterprises. Projects can last up to 24 months.

Funds for this public call were provided within the budget of the Republic of Serbia, from the Ministry of Education, Science and Technological Development, and through the Project for Improving Competitiveness and Employment (based on the Loan Agreement between the Republic of Serbia and the World Bank).

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