National financing sources

The Government of the Republic of Serbia provides financial and non-financial support to the economy directly through individual ministries and indirectly through institutions that have established with the goal of economic development such as the Innovation Fund, the Development Fund, the Development Agency of Serbia, the Insurance and Financing ...

Ministry of Education, Science and Technological Development
Programs:
• Public call for participation in the funds of the Ministry of Education, Science and Technological Development in 2019
• Best technological innovation.
 
Ministry of Economy
Programs:
• Public call for grants under the Small Business Support Program for the procurement of equipment in 2020
• public call for grants within the program to encourage entrepreneurship development through financial support for business start-ups in 2020
• public call for grants within the program to encourage entrepreneurship through development projects in 2020
• public call for project applications for the business infrastructure development support program for 2020
 
 
Cabinet of the Minister of Innovation and Technological Development
Programs:
• Program to support the opening of regional innovation startup centers
• Program for promotion and popularization of innovations and innovative entrepreneurship
• Program to support the development and promotion of women's innovative entrepreneurship
• Support program for raising the innovation capacities of local self-government units on the territory of the Republic of Serbia
• Support program for the improvement of innovation capacities on the territory of the Autonomous Province of Kosovo and Metohija for 2019.
 
Innovation Fund
Programs:
• Early development program
• Innovation co-financing program
• Program of cooperation between science and economy
• TTF program
• Innovation vouchers
• Proof of concept
 
Republic Development Fund
Programs:
For micro, small and medium enterprises and large enterprises:
∙ Investment loans will be approved with a repayment period of 10 years, within a grace period of up to one year. The total interest rate is 1.5 percent per annum if the loan collateral is a bank guarantee, and in other cases, the interest rate is 3 percent (with the application of a currency clause);
∙ Working capital loans will be approved with a repayment period of up to 4 years, within which the grace period is a maximum of nine months. The interest rate is 1.5 percent per year if the loan collateral is a bank guarantee, and in other cases, the interest rate is 3 percent per year (with the application of a currency clause).
For entrepreneurs:
 ∙ Investment loans will be approved for projects lasting up to 8 years, within which the grace period is up to one year, ∙ Working capital loans will be approved with a repayment period of up to four years, within which the grace period is up to nine months.
∙ The interest rate in both cases is 1.5 percent per annum if the loan collateral is a bank guarantee, and in other cases, the interest rate is 3 percent per year (with the application of a currency clause).
Short-term loans:
∙ To encourage the competitiveness and liquidity of the domestic economy, loans with a repayment period of three to 12 months will be approved, at an interest rate of 2.5 percent annually (with the application of a currency clause).
Loans for micro, small and medium enterprises and large enterprises for maintaining current liquidity:
 ∙ Loans for maintaining current liquidity for companies will be approved with a repayment period of up to 18 months, within which a grace period of up to three months can be foreseen. Loan repayments will be made in monthly / quarterly annuities. The interest rate is 2.5% per annum and is calculated using a currency clause.
Start-up loans:
 ∙ Entrepreneurs and / or business entities registered with the Business Registers Agency have the right to apply for funds intended for starting a business (in the form of start-up loans) no later than during the year before submitting the request for obtaining a loan. Loans will be approved with a repayment period of up to five years, within which the grace period is up to one year. The interest rate is 1.5 percent per year if the loan collateral is a bank guarantee, and in other cases, the interest rate is 3 percent per year (with the application of a currency clause).
 Guarantees:
∙ provides guarantees for loans and other business operations of small and medium enterprises.
∙ The guarantee fee is 2% per annum of the amount covered by the guarantee.

Development Agency of Serbia (RAS)
Programs:
• Innovative MSME support program
• Project support program for the improvement of economic development
• Start-up support program for beginners.
• Support program for companies to enter the supply chains of multinational companies in 2020
• Small Business Support Program for equipment procurement
 
Development Fund of Vojvodina
Programs:
• Competition for long-term loans for investment,
• Competition for long-term loans for permanent working capital,
• Competition for short-term working capital loans,
• Competition for long-term loans for tourism development,
• Competition for long-term loans for investments in agriculture within the IPARD program.
 
Science Fund of the Republic of Serbia
Programs:
• Program for excellent projects of young researchers
• Program for the development of projects in the field of artificial intelligence
• Program of cooperation of Serbian science with the diaspora
 
National Employment Agency
Program:
•My first salary

National programs
 
Ministry of Education, Science and Technological Development
Address: Nemanjina 22-26, 11000 Belgrade
Contact information: 011 / 3613-734
Email: kabinet@mpn.gov.rs
www.mpn.gov.rs
 
Ministry of Economy
Address: Kneza Miloša 20, 11000 Belgrade
Contact information: + 381 11 36 42 600
E-mail: kabinet@privreda.gov.rs
privreda.gov.rs
 
Cabinet of the Minister of Innovation and Technological Development
Address: Nemanjina 11, 11000 Belgrade
Contact information: +381 11 3621537
Email: kabinet@mbpi.gov.rs
innovacije.gov.rs
 
Innovation Fund
Address: Veljka Dugoševića 54 / B4 / I, 11000 Belgrade
Contact information: +381 11 6555 696
Email: office@inovacionifond.rs
www.inovacionifond.rs/
 
Development Fund
Address: Bulevar Nemanjića 14a, 18105 Niš
Contact information: 018 4150 200
E-mail: office@fondzarazvoj.rs
fondzarazvoj.gov.rs/cir
 
Development Agency of Serbia
Address: Kneza Miloša 12, 11000 Belgrade
Contact information: +381 11 3398 900
Email: office@ras.gov.rs
ras.gov.rs
 
Development Fund of Vojvodina
Address: Bulevar cara Lazara 7a, 21000 Novi Sad
Contact information: +381 21 454 334
Email: office@rfapv.rs
www.rfapv.rs