Vlada Republike Srbije Sekretarijat za Javne politike The World Bank

The Matching Grants Program is designed for enterprises looking for significant financial resources for the commercialization of research and development. The Program has the goal to stimulate further knowledge-based development of innovative enterprises, encourage establishment of partnerships with international partners and to increase the number of technology-based companies.

Amount of financing:

  • up to EUR 300,000, or up to 70% of the total approved project budget for micro and small enterprises, or 60% for medium enterprises
  • a minimum of 30%, or 40% of the total approved project budget is to be provided by the enterprise

Eligibility criteria:

  • micro, small and medium enterprises
  • established in Serbia
  • with majority private ownership

Field of science and technology/Industry sector: projects can originate from any field of science and technology and can belong to any industry sector.

Duration of the projects: up to 24 months

The documentation to be submitted in the Application:

  • Applicant Statement
  • Business Plan
  • Project Budget
  • Project Presentation
  • Financial Forecast (Projected income statements for the next 5 years)
  • Environmental Screening Questionnaire (ESQ)
  • CVs of the key personnel engaged in the project (maximum 5)
  • Audited financial statements for the last two years (where applicable)

Program conditions: in the Public Call and the Matching Grants Program Manual

The deadline for Application submission: June 1, 2018 by 15h.

Applications must be submitted through the Innovation Fund online application portal and in English.

Financing decision: The final decision for financing under the Matching Grants Program is made by the Innovation Fund’s independent Investment Committee on a competitive basis.

Contact: matching.grants@inovacionifond.rs

Apply here!