Katapult
The acceleration program Katapult is a new mechanism to support technological development and innovation, intended for startups that are in the early stages of product development and market positioning (Ideation), as well as companies with proven market traction that aim to accelerate their growth and raise additional financial resources (Scale-up). Katapult consists of a three-month intensive training program with financial support in order to develop startups as quickly as possible and create conditions for rapid growth. The training is organized through mentoring provided by local and international experts, successful startup founders and investors, and everything is tailored to the specific needs of startups in the accelerator.
Funding through Katapult is available as:
- At-Entry Grant from EUR 20,000 to EUR 50,000 for startups that will participate in the acceleration program
- Co-Investment Grant equal to a qualifying investment of up to EUR 300,000 per startup (less the amount of At-Entry Grant received) that can be utilized over a period of 12-24 months. Participating companies can apply and receive a Co-investing Grant after the acceleration program and nine (9) months following completion of their cohort.
Еligibility criteria:
- The applicant is a legally registered business entity, not older than six (6) years at the time of applying for the Katapult.
- The Applicant is a private sector (at least 80% privately owned), micro or small sized company.
- The Applicant must be majority owned (>50%) by the founding team of entrepreneurs.
An applicant who meets any of the following conditions is NOT eligible to apply for Katapult:
- The Applicant or its affiliated entity is listed on the stock exchange (Affiliate entity as defined in Article 62 of the Law on Companies).
- The Applicant or its affiliated entity has received financing from any other IF financing program for the same or similar activities.
- The Applicant or its affiliated entity had revenues over EUR 8,000,000 in any of the prior two years.
Industry/sector: Katapult will be open to all innovative companies, with an emphasis on the areas defined in the Smart Specialization Strategy of Serbia.
Required documentation: The complete set of the necessary documentation is available on the Innovation Fund's website.
Applications: submitted via the Katapult portal.
Public call: Closed
Contact: katapult@inovacionifond.rs
Web page: Katapult program
Financing for Katapult is provided by the Republic of Serbia (Ministry of Education, Science and Technological Development), through a 7.7 million euro World Bank loan with implementation support, and the European Union, through a 10 million euro grant. The program is part of the "Serbia Accelerating Innovation and Growth Entrepreneurship Project," dedicated to strengthening innovative entrepreneurship and scientific research.
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