The Innovation Fund announced a public call for proposals for technological innovations under the Mini Grants and the Matching Grants Program. The invitation to submit applications for innovative projects is open from April 2nd to June 1st 2018, until 3 pm. For the duration of the public call, in April and May, the Fund will organize workshops and presentations of these two programs in municipalities and cities throughout Serbia.

The purpose of these programs is to provide direct financial assistance to enterprises which operate in Serbia for up to three years, for research and development of innovative services, processes and products with market potential, in the amount of up to EUR 80,000 under Mini Grants Program and up to EUR 300,000 under Matching Grants Program. These programs aim at developing innovative technologies, products and services with market application and great potential for commercialization.

The total budget allocated for these two programs in 2018 is RSD 400 million. Тhese programs are financed from the budget of the Republic of Serbia through the Ministry of Education, Science and Technological Development under the “Serbia Competitiveness and Jobs Project”, based on a loan agreement with the World Bank.

Interested companies can find all information about the programs, application procedure and conditions on the Innovation Fund’s web site http://www.inovacionifond.rs/. Applications are submitted electronically via the Innovation Fund’s online portal http://www.inovacionifond.rs/prijava/.