CONTINUOUS SUPPORT FOR INNOVATION DEVELOPMENT

The Innovation Activity Fund supported 46 companies with a total of 5.6 million euros in the last cycle for submitting project proposals through innovation support programs. The Early Development Program and the Science Cooperation Program will in the coming period enable these companies to develop innovative technologies, products and services with market application and great potential for commercialization.

Interest in the Fund's grants is growing from call to call. More than 280 applications for innovative projects were submitted to the announced public program for the Early Development Program and the Science Cooperation Program, and informal teams also had the opportunity to apply. More than 130 applications were submitted by the teams, and funding was approved for a total of 18 teams. The largest number of approved projects came from teams and companies from Belgrade, Novi Sad, Cacak, and the most represented areas of projects are information and communication technologies, natural sciences and mechanical engineering.

Those projects that have a capable team, innovative potential, sustainable competitive advantage and clear development plans, as well as sufficient quality to compete in the international market, have been selected for funding. Selected companies with innovative projects also have the task of responding to the expectation that science and innovation are a key factor in competitiveness and sustainable development, which we as a state and society strive for.

The program of cooperation between science and economy especially speaks about the fact that joint projects of researchers and businessmen in Serbia are not only possible but also a potentially inexhaustible source of the necessary added value as a measure of generating value for society as a whole.

An overview of projects approved for funding under the Early Development Program and the Science and Economy Cooperation Program, as well as more information on the results of the public call can be found here.

Newsletter

For more information about news in terms of innovation, please subscribe to our Newsletter.

You have successfully been subscribed.

You are already subscribed.

You cannot subscribe to this newsletter.