The early development program of the Innovation Fund is aimed at young companies that develop technological innovations for which there is a need on the market. The program is designed to support enterprise survival during a critical stage of research and development and enable the development of business capacity through which it will place its innovations on the market.

The financing amount: up to 80,000 euros, or up to 85% of the total approved budget for the project. At least 15% is provided by the applicant from other private sources independently of the Innovation Fund. 

Requirements for applying: micro or small businesses, including newly established companies in accordance with the applicable Law on Accounting of the Republic of Serbia, established in Serbia and in the majority private Serbian ownership, not older than three years at the time of registration.

Area/sector: The project can be from any field of science and technology and any industrial sector.

Project implementation time: Up to 12 months

Documentation that is to be submitted when applying:

Applicant's statement for financing

Business plan

Project budget

Presentation of the project 

Environmental Impact Assessment Questionnaire (ESQ)

CVs of the main staff involved in the project (maximum 5)

Financial statements for the current year (where applicable)

Application forms can be downloaded on  http://www.inovacionifond.rs/program/program-ranog-razvoja/prr-dokumentacija-2019

Program requirements are available on  http://www.inovacionifond.rs/cms/files//prr-dokumentacija/MINI_Program_Manual_SRB_6.0.pdf

Applications are to be submitted through the Fund's Internet portal  http://inovacionifond.rs/prijava  and in English.

The public call is open from March 28 to July 1, 2019 (until 3 pm)

Contact: minigrants@inovacionifond.rs

Source: Inovation Fund and Coordination Body