Since the beginning of its operational business in 2011, the Innovation Fund was led by the following acting managing directors:

From February 3, 2011 until May 22, 2014 – Ljiljana Kundaković, PhD

From May 22, 2014 until November 28, 2015 – Marko Atanasovski

From November 28, 2015 until today – Ivan Rakonjac, PhD