Deadline: 15-Mar-22
The Innovation Fund Activity is offering grant under “Innovation Co-financing Program” to encourage existing and profitable micro, small and medium innovative companies in the Republic of Serbia to engage in the development and commercialization of technological innovations in the form of new and improved products, services, technologies and technological processes, value, provided highly paid jobs, increased revenue and export growth and improved Serbia’s competitiveness.
Funding Information
- The maximum amount of funding that the Innovation Activity Fund (hereinafter: the Fund) may allocate per individual project is 300,000 euros.
- The duration of the project within the Innovation Co-financing Program can be up to 24 months.
Conditions
- Conditions for participation in the Innovation Co-financing Program
- The Applicant is a legal entity established in accordance with the applicable Law on Companies, registered with the Business Registers Agency of the Republic of Serbia (APR), and located in Serbia;
- The Applicant is a private (at least 51% privately owned) micro, small or medium enterprise, established in Serbia in accordance with the applicable Accounting Law, excluding newly established legal entities as defined in accordance with this Law;
- The Applicant has generated operating income of at least EUR 200,000 in the previous or current business year and is operating at a profit.
Criteria
Applications will be assessed on the basis of the following criteria:
- Qualifications of management and key staff and the company’s ability to implement the project;
- Innovative technology, product or service; clearly defined and indisputable intellectual property rights and their potential;
- Clear market demand, competitive position (preferably in the world market) and potential for commercialization;
- Revenue generation potential within two to three (2-3) years after the start of the project;
- Feasible methodology and ability to implement;
- Use of funds and adequacy of the project budget;
- Technology and implementation risk management.
For more information, visit http://www.inovacionifond.rs/cir/program/program-sufinansiranja-inovacija/javni-poziv-za-program-sufinansiranja-inovacija