University of Belgrade and Innovation Fund Sign Cooperation Agreement

Posted in: News- May 18, 2016

Program TTF – A Fresh Impetus to Technology Transfer

Belgrade, May 18, 2016 – Today’s signing of the Cooperation Agreement between the University of Belgrade and the Innovation Fund marked the official beginning of cooperation between the two institutions within the framework of the TTF Program. The Agreement was signed by Rector Prof. Vladimir Bumbaširević PhD and Interim Managing Director of the Innovation Fund Ivan Rakonjac PhD.

TTF Program is a pilot activity aimed to support the R&D community in Serbia. Through its mechanisms, the local technology transfer organizations at four universities – Belgrade, Niš, Kragujevac and Novi Sad – as well as public-sector R&D institutes are enabled to identify a private-sector partner for the development of their research with commercial potential and get it to the market.

“The dynamics of the development of new technologies and the creation of various innovation-based products and services largely shape the global market. This is why universities, as the bearers of a nation’s intellectual potential, play an important role in the process of economic development. By recognizing the relevance of its position and the necessity to strengthen relations between the university, industry and the government, the University of Belgrade founded its Technology Transfer Center n 2010 to support the identification, legal protection and commercialization of R&D research. Today’s signing of the Cooperation Agreement within the TTF Program is an important indicator that the University of Belgrade is on the right track, and that through joint efforts we can generate an additional incentive to the development of national innovation system and the knowledge-based economy,” says the Rector.

Applications for the TTF Program are available at

“We are pleased to sign this agreement today with the oldest and largest higher education institution in the country. Our doors at the Technology Transfer Office, which has been established within the Fund are open for financial, advisory and expert support in linking researchers and investors. Thanks to this program, the first time researchers in Serbia have the opportunity to, in one place, get the complete support to taking their most promising innovative projects out to the market,” says Rakonjac.

This program is part of the EUR 6.9 million Serbia Research, Innovation and Technology Transfer Project, which is financed by the European Union from its IPA pre-accession funds 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. It is implemented by the Innovation Fund in cooperation with the World Bank.

University of Belgrade is the oldest and largest higher-education institution in Serbia, dedicated to academic excellence. It is ranked on the Shanghai List among the world’s top 400 universities.

Innovation Fund of the Republic of Serbia improves the connection between science, technology and economy and contributes to foster the development of innovative entrepreneurship.