Sign up and finance your game!

The Innovation Fund invites you to apply and contact them for professional help with the preparation of the application.

We inform you that the Fund for Innovation Activity is opening a second public call worth 10.3 million euros for project financing of the private and academic sector of Serbia, within the framework of the IPA project “Increasing innovation capacity and growth of small and medium-sized enterprises”. Non-refundable financial support for the development of new products, services and/or technologies is provided in cooperation with the Ministry of Science, Technological Development and Innovation and with the support of the European Union.

For the realization of innovative potential and access to the global market, the Fund offers companies significant financial assistance in the amount of up to 120,000 euros and up to 500,000 euros per individual project.

The second public call is open for three Fund support programs:

  • Early Development Program,
  • Innovation co-financing program and
  • Science and business cooperation program

The early development program encourages innovative entrepreneurship and ensures the survival of startups that are in the early stages of development, by providing financial support of up to 120,000 euros, with 70% of the Fund’s participation per individual project. Project financing refers to the development of innovations that have commercial potential.

The innovation co-financing program supports the implementation of the development cycle of technological innovations of established companies. To cover the high costs of transferring research into a commercially viable product, up to 500,000 euros are available to high-tech companies, with the Fund participating in 60%/70% of the total budget of an individual project.

The Science-Business Cooperation Program advances industrial research by encouraging joint cooperation between the private sector and scientific research organizations. With the idea of creating new or improving existing commercially viable products and services, the Fund awards consortia up to 500,000 euros with 60%/70% participation in the total budget of an individual project.

Interested companies can submit innovative project proposals from all fields of science and technology until April 1, 2024 at noon.

The application documentation and the application form are available on the Fund’s portal.

Additional information on program details and propositions will be shared by the Fund at online info sessions every Thursday from 1 p.m.

All SGA members can contact us for additional support with submitting applications.