Posted in: News- Mar 20, 2018

Innovation Fund continues awarding innovation vouchers

Novi Sad, 20 March 2018 – Due to high interest, the Innovation Fund allocated additional funds to the amount of RSD 30 million for awarding innovation vouchers. Companies that require the services of a scientific-research organization to increase the level of innovation in their product line and become more competitive in the market may apply for innovation vouchers to an amount of up to RSD 800,000.

Innovation vouchers cover up to 80% of the total cost of service, i.e. the companies have the obligation of co-financing the remainder, including value added tax. One applicant can have at most two innovation vouchers approved under this call, with a maximum amount of RSD 1,200,000.

On the occasion of the announcement of the continuation of the Public Call for innovation vouchers, the Minister for Innovation and Technological Development Nenad Popovic, together with the Mayor of Novi Sad Miloš Vučević, Assistant Minister of Education, Science and Technological Development for Digitization in Education and Science Saša Stojanović and the director of the Innovation Fund, Ivan Rakonjac, visited the “CarnoMed” Novi Sad, the users of an innovative voucher and talked with them about the importance of an innovation voucher for their business.

The call for applications is open until 21 May 2018, and/or until the allocated funds have been spent. Vouchers will be awarded in the order of received applications, within seven days as of the submission of an application by a company.

Interested companies can apply for an innovation voucher through the Fund portal, with all details on the programme and conditions available on the Innovation Fund website. Likewise, the Fund team is at your disposal for any additional information by way of e-mail:

As a reminder, the Innovation Fund has awarded 47 innovation vouchers for 39 Serbian companies, to a total amount of RSD 29.5 million.

Innovation vouchers are another service provided under the Technology Transfer Program of the Innovation Fund, aimed at stimulating the transfer of results of public research into the private sector to create products and services that will improve the economy of Serbia.

The design and procedures for the implementation of the innovation voucher scheme have been prepared under the “Serbia Research, Innovation and Technology Transfer” project financed through EU IPA funds for 2013 and managed by the World Bank, while the funds for implementation have been secured from the budget of the Government of the Republic of Serbia from the section of the Ministry of Education, Science and Technological Development through the “Competitiveness and Jobs Project” (loan agreement of the Republic of Serbia and the World Bank).