Financed projects
On these pages, innovative projects funded by the Innovation Fund were presented.
Learn moreCompany: Ninox
Project name: Ninox
Town: Belgrade
Industry: Biotechnology and Bioengineering
Project value: EUR 810,400.00
IF participation: EUR 228,613.84
The Belgrade hardware startup with experience in the US is building an advanced model of glasses with automatically adjusting lenses, designed to help people with presbyopia. The product is based on the company's existing US patents and it is intended for the global market.
Company: Tim-Ing Centar
Project name: Development of the Next Generation CNC Bending Machines Controlled by 3D Cameras
Town: Kragujevac
Industry: Industrial machines
Project value: EUR 307,793.00
IF participation: EUR 211,893.00
The engineering team from the city of Kragujevac is focused on creating the next generation CNC bending machines powered by improved 3D camera technology. Besides the innovative features in the machine's design and electronics components, the customers will benefit from more sophisticated and efficient software solutions to ensure high precision bending.
Company: NovelIC
Project name: AURORA 4.0 - Autonomous Robot Radars for Industry 4.0
Town: Belgrade
Industry: Radar, radio and wireless communication
Project value: EUR 415,040.00
IF participation: EUR 290,528.00
Building from their palette of high tech sensor products over the years, the Belgrade-based hardware company is developing advanced sensors for people detection and autonomous driving of industrial robots. These new sensors are offering significant cost optimization and will respond to some of the biggest challenges of industry 4.0.
Company: Zanus
Project name: Intelligent broadcast robots
Town: Valjevo
Industry: Robotics
Project value: EUR 459,944.00
IF participation: EUR 275,000.00
This young and enthusiastic team of robotics and hardware engineers from Valjevo is building a cutting-edge robotic broadcast system for autonomous video production operations. The solution is intended for studios and production companies and can cover various types of content, including high level sports events. zanustechnology.com
Company: Suncokret
Project name: Research & Development of Functional Gluten-free Crackers
Town: Hajdukovo, Subotica
Industry: Food and health and functional food
Project value: EUR 158,760.00
IF participation: EUR 109,260.00
The functional and healthy food production company from Hajdukovo is producing a new-formula, organic, vegan and gluten-free crackers. This protein-enriched product is suitable for people that require high quality functional food and healthy diets.
Company: Ars Embedded Systems
Project Name: ExtremeMotion
Town: Novi Sad
Industry: Internet of Things
Project value: EUR 311,575.40
IF participation: EUR 208,755.52
The Novi Sad enterprise is developing a new motion-sensing device and platform for application in action sports. The platform includes an Artificial Inteligence-powered library for motion and gesture recognition and analytics.
Company: Digital Mind
Project Name: Vr-All-Art
Town: Belgrade
Industry: Software and Application Development (Web and Mobile)
Project value: EUR 382,420.00
IF participation: EUR 217,864.67
The IT company from Belgrade with presence in Switzerland is developing a premium platform for online art showcasing and trading. This new virtual reality-based platform will provide an integrated and widely available digital marketplace for galleries, artists, collectors and museums to showcase, buy and sell art.
Company: Crater Studio
Project name: Virtual studio for mixed-reality content (VISMIC)
Town: Belgrade
Industry: Video Data Analysis
Project value: EUR 550,876.00
IF participation: EUR 297,087.43
This VFX-specialized company from Belgrade is creating a virtual studio for preproduction of storyboarding and visual effects in filmmaking. By allowing for comprehensive pre-visualization of future visual effects and scene setups, this solution is very cost-and-time-effective and particularly suitable for medium-level budget movies.
Company: Phytonet
Project name: Novel Solution for Effective Oral Candidiasis Treatment
Town: Belgrade
Industry: Food supplements
Project value: EUR 300,520.00
IF participation: EUR 210,362.00
Using their knowledge in creating multifunctional food products and supplements, Phytonet has set out to produce a new product based on maqui berry that will be used for candidiasis prevention and eradication. The formula will significantly improve the therapeutic efficacy of oral antifungal drugs and decrease relapses, while also acting as a prevention agent in cases where oral candidiasis is likely to develop.
Company: Euro Heat
Project name: Waste Gas Innovative Economizer
Town: Kragujevac
Industry: Heating and cooling technologies and heat transfer
Project value: EUR 406,840.00
IF participation: EUR 280,882.34
This Kragujevac manufacturing company is developing a new model of economizer for gas application with significantly improved performance and efficiency. The novel geometry of the product will generate optimizations in size and provide better heat exchange characteristics, along with better reutilization of waste gases which will improve the circular economy model.
Company: Ninox
Project name: Ninox
Town: Belgrade
Industry: Biotechnology and Bioengineering
Project value: EUR 810,400.00
IF participation: EUR 228,613.84
The Belgrade hardware startup with experience in the US is building an advanced model of glasses with automatically adjusting lenses, designed to help people with presbyopia. The product is based on the company's existing US patents and it is intended for the global market.
Company: Tim-Ing Centar
Project name: Development of the Next Generation CNC Bending Machines Controlled by 3D Cameras
Town: Kragujevac
Industry: Industrial machines
Project value: EUR 307,793.00
IF participation: EUR 211,893.00
The engineering team from the city of Kragujevac is focused on creating the next generation CNC bending machines powered by improved 3D camera technology. Besides the innovative features in the machine's design and electronics components, the customers will benefit from more sophisticated and efficient software solutions to ensure high precision bending.
Company: NovelIC
Project name: AURORA 4.0 - Autonomous Robot Radars for Industry 4.0
Town: Belgrade
Industry: Radar, radio and wireless communication
Project value: EUR 415,040.00
IF participation: EUR 290,528.00
Building from their palette of high tech sensor products over the years, the Belgrade-based hardware company is developing advanced sensors for people detection and autonomous driving of industrial robots. These new sensors are offering significant cost optimization and will respond to some of the biggest challenges of industry 4.0.
Company: Zanus
Project name: Intelligent broadcast robots
Town: Valjevo
Industry: Robotics
Project value: EUR 459,944.00
IF participation: EUR 275,000.00
This young and enthusiastic team of robotics and hardware engineers from Valjevo is building a cutting-edge robotic broadcast system for autonomous video production operations. The solution is intended for studios and production companies and can cover various types of content, including high level sports events. zanustechnology.com
Company: Suncokret
Project name: Research & Development of Functional Gluten-free Crackers
Town: Hajdukovo, Subotica
Industry: Food and health and functional food
Project value: EUR 158,760.00
IF participation: EUR 109,260.00
The functional and healthy food production company from Hajdukovo is producing a new-formula, organic, vegan and gluten-free crackers. This protein-enriched product is suitable for people that require high quality functional food and healthy diets.
Company: Ars Embedded Systems
Project Name: ExtremeMotion
Town: Novi Sad
Industry: Internet of Things
Project value: EUR 311,575.40
IF participation: EUR 208,755.52
The Novi Sad enterprise is developing a new motion-sensing device and platform for application in action sports. The platform includes an Artificial Inteligence-powered library for motion and gesture recognition and analytics.
Company: Digital Mind
Project Name: Vr-All-Art
Town: Belgrade
Industry: Software and Application Development (Web and Mobile)
Project value: EUR 382,420.00
IF participation: EUR 217,864.67
The IT company from Belgrade with presence in Switzerland is developing a premium platform for online art showcasing and trading. This new virtual reality-based platform will provide an integrated and widely available digital marketplace for galleries, artists, collectors and museums to showcase, buy and sell art.
Company: Crater Studio
Project name: Virtual studio for mixed-reality content (VISMIC)
Town: Belgrade
Industry: Video Data Analysis
Project value: EUR 550,876.00
IF participation: EUR 297,087.43
This VFX-specialized company from Belgrade is creating a virtual studio for preproduction of storyboarding and visual effects in filmmaking. By allowing for comprehensive pre-visualization of future visual effects and scene setups, this solution is very cost-and-time-effective and particularly suitable for medium-level budget movies.
Company: Phytonet
Project name: Novel Solution for Effective Oral Candidiasis Treatment
Town: Belgrade
Industry: Food supplements
Project value: EUR 300,520.00
IF participation: EUR 210,362.00
Using their knowledge in creating multifunctional food products and supplements, Phytonet has set out to produce a new product based on maqui berry that will be used for candidiasis prevention and eradication. The formula will significantly improve the therapeutic efficacy of oral antifungal drugs and decrease relapses, while also acting as a prevention agent in cases where oral candidiasis is likely to develop.
Company: Euro Heat
Project name: Waste Gas Innovative Economizer
Town: Kragujevac
Industry: Heating and cooling technologies and heat transfer
Project value: EUR 406,840.00
IF participation: EUR 280,882.34
This Kragujevac manufacturing company is developing a new model of economizer for gas application with significantly improved performance and efficiency. The novel geometry of the product will generate optimizations in size and provide better heat exchange characteristics, along with better reutilization of waste gases which will improve the circular economy model.