Vlada Republike Srbije Sekretarijat za Javne politike The World Bank

The Mini Grants Program is aimed at private young enterprises which are engaged in the development of technological innovations with a clear market need.  This Program is designed to support the survival of companies during the critical phase of research and development and to allow the Serbian entrepreneurs to grow effective business capacities through which they will launch their innovations on the market.

Amount of financing:

  • up to EUR 80,000, or up to 85% of the total approved project budget
  • a minimum of 15% of the total approved project budget is to be provided by the enterprise

Eligibility criteria:

  • micro and small enterprises
  • established in Serbia
  • with majority private Serbian ownership
  • incorporated for no longer than three (3) years at the time of application

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 12 months

The documentation to be submitted in the Application

  • Applicant Statement
  • Business Plan
  • Project Budget
  • Project Presentation
  • Environmental Screening Questionnaire (ESQ)
  • CVs of the key personnel engaged in the project (maximum 5)
  • Unaudited financial statements for the current year (where applicable)

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

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

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

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: minigrants@inovacionifond.rs

Apply here!