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Representatives of the United Nations Development Programme(UNDP), who are implementing the project “Climate Smart Urban Development Challenge” together with the Ministry of Environmental Protection and the support of the Global Environment Facility, have attended the March 13th Award Ceremony where EBRD’s (European Bank for Reconstruction and Development) green innovation vouchers were awarded. Over 70 companies submitted their applications during the first call while the second call will be open to companies from March 13 to April 30 this year.

Green innovation vouchers, aimed toward the development of “green technologies” and strengthening the partnership between science and industry, were granted to ten Serbian companies from various fields of industry. The total value of the green vouchers is EUR 150,000.00 and their purpose is to cover 90 % of the companies’ costs incurred during the research and development of new products. With the help of the green innovation vouchers, small and medium-sized enterprises are given the opportunity to hire scientists from different faculties and institutes who will assist in the development of new products.

The Minister of Environmental Protection Goran Trivan, the Minister of Innovations and Technological Development Nenad Popović, the Director of EBRD in Serbia Daniel Berg and the Director of the EBRD’s Energy Efficiency and Climate Change Team Terry McCallion all addressed the attendants of the Green Innovation Vouchers’ Award Ceremony.

Societe Generale Bank has organized a contest called Generator Fluo which is open to students of all faculties in Serbia who wish to submit their business ideas. The main prize is a 7-day trip to the Technology Hub of Societe Generale Group in Paris, the final deadline for applying to the contest is April 09.

The Generator Fluo Contest is open to all students, whether as individuals or as teams of up to three, who are studying in Serbia and are between 18 and 27 years old, with a desire to start a new or improve an existing business idea, regardless of the business activity. An expert jury will assess the innovativeness and the feasibility of the students’ projects and choose the best 40 who will develop a business plan with the help of an advisor. Ten finalists will advance to the last round of the contest and their projects will be featured on the website generator.rs. The winner will be announced before the jury, media, businesspersons and investors on May 31.

Societe Generale Bank was the last year’s organizer of the contest Generator which awarded a million dinars to the best business innovation. This year’s contest Generator Fluo is endorsed by the Digital Serbia Initiative and the French Institute in Serbia, the European Youth Center and almost 70 faculties, universities and student organizations.