European Commission Vlada Republike Srbije The World Bank

Serbia Research, Innovation and Technology Transfer Project

The Innovation Fund is implementing the EUR 6.9 million Serbia Research, Innovation and Technology Transfer Project (Project), which is financed by the 2013 European Union Instrument for Pre-Accession Assistance (IPA) in the amount of EUR 4.9 million, and co-financed by the Republic of Serbia and the Serbian private sector in the amount of EUR 1 million each.

The Project builds on the successes of the Innovation Serbia Project (ISP), which was also implemented by the Innovation Fund in the period 2011-2016. Innovation Serbia Project was financed from 2011 EU IPA funds and administered by the World Bank.


The objective of the Project is to stimulate collaboration between public research and development (R&D) sector and the private sector in order to commercialize R&D and promote technology transfer.

This pilot Project will facilitate reorientation of the public research sector toward the needs of the private sector and support a framework for increasing the efficiency of future investments in research and innovation in Serbia.


1. Component 1 – Technology Transfer Facility. This component supports the establishment of a centralized Technology Transfer Facility (TTF) within the Innovation Fund, employing international and local experts in order to stimulate and coordinate technology transfer of public R&D organizations. It also provides support services to local Technology Transfer Offices (TTOs), research and development (R&D) and innovation support organizations to enhance their capacity and effectiveness to consummate deals.

2. Component 2 - Technical Assistance to the Innovation Fund for the design of a Collaborative Grant Scheme with relevant monitoring indicators, and an independent annual evaluation of Grant Scheme implementation, executed by the World bank

3. Component 3 – Development of an R&D and Innovation Strategy, an R&D Infrastructure Roadmap and corresponding Action . This component is led by the Ministry of Education, Science and Technological Development (MoESTD) with technical assistance from the World Bank.