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Ministry of Economy and Regional Development of the Republic of Serbia

Ministry of Economy and Regional Development of Serbia announced a public call for grants to support the development of innovative clusters and small and medium enterprises and entrepreneurs for strengthening innovation.
The objectives of measures to support development of innovative clusters are to strengthen capacities of enterprises for technological development and innovations through partnership between enterprises and establishment of strategic partnership in order to increase the volume and value of the of turnover of enterprises in domestic and foreign market, as well as establishment of cooperation with clusters in the region and preparation for joint projects.
For newly established innovative clusters the foreseen funds are from 200.000 RSD to two million maximum and for existing clusters minimally from a million to ten million dinars maximum.
SME support measures aim at supporting the development of innovations, networking of MSE with scientific institutions and know-how transfer, increasing the value and volume of turnover of SMEs in the market and increasing the number of MSEs investing in innovative activities.
Grants for SMEs, as stated in the public call, cannot be lower than 100.000 RSD or higher than million and a half. For both public calls applies that business entities which apply can exercise the right to co-financing of 50% of the expenses. Supporting measures for development of innovative clusters and SMEs for strengthening innovation are conducted by the Ministry in cooperation with the National Agency for Regional Development.
More information can be found here.
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