Financed projects
On these pages, innovative projects funded by the Innovation Fund were presented.
Learn moreCompany: Angros
Project: Hydraulic Cylinder-Capsule for Hydropresses
Project Budget: EUR 92,707
IF co-financing: EUR 80,000
Project Manager: Aleksandar Stanić
Project start: 14.05.2012
Project end: 30.06.2013
Angros from Trstenik is a young enterprise creating new solutions in the fields of hydraulics and pneumatics. They are offering a new type of cylinder-capsule for hydro presses with an innovative system of protection against intrusion of impurities into the piston, which significantly increases the period of exploitation of the device.
Company: Smartfire Block
Project name: Smart Fire Protection
Town: Kragujevac
Industry: New construction material development
Project value: EUR 94,560.00
IF participation: EUR 79,860.00
Startup from the city of Kragujevac is developing a new technology for production of passive fire protection ribbons by using recycled and bio-based raw materials. The new cost-effective solution will offer prolonged fire protection, but also reduce the negative environmental impact which is associated with flame protection technologies.
Company: Adecom Group
Project: Srkizol – The Future Of Waterproofing
Project Budget: EUR 76,800
IF co-financing: EUR 66,480
Project Manager: Srđan Mišurić
Project start: 14.05.2012
Project end: 13.08.2013
Adecom Group specializes in the design and implementation of water-proofing solutions for the construction industry. The Srkizol project has developed a novel injection paste to be used for prevention of water penetration into the interior of buildings.
Company: Animanistan
Project name: Mocap Compatible Keyframe Autorig Plug-in - McKap
Town: Belgrade
Industry: Software and application development (web and mobile)
Project value: EUR 90,890.00
IF participation: EUR 77,256.50
This Belgrade-based company is offering a rigging tool that will enhance the process of 3D animation production for small and medium scale studios. Their plug-in for leading 3D software in the virtual effects industry will enable easier manipulation of motion capture data without increasing production costs.
Company: Axon – Inteligentni Sistemi
Project: Application of Spoken Dialogue Systems in Smart Phones
Project budget: EUR 92,920
IF co-financing: EUR 76,920
Project manager: Darko Pekar
Project start: 14.05.2012
Project end: 27.05.2013
Axon-Inteligentni Sistemi is a spin-off company from the Faculty of Technical Sciences at the University of Novi Sad with core activity in the development of intelligent dialogue systems. By using high-quality speech technologies for South Slavic languages, including Serbian, the company has developed multimodal dialogue system, with particular focus on spoken dialogue.
Company: Cardio Solutions
Project: Luminis
Project budget: EUR 94,000
IF co-financing: EUR 78,800
Project manager: Dr sci med Dr Ivana I. Vranić
Project start: 09.05.2012
Project end: 08.05.2013
Cardio Solutions is a start-up from Belgrade developing innovative technological solutions for early detection of Sudden Cardiac Death (SCD) syndrome. Through the Luminis project, the company has completed the development of a diagnostic software by implementing the novel methodology for the identification of SCD risk in individuals.
Company: Pirate Art Studio
Project name: Aestetic Covers for People with Dissabilities
Town: Belgrade
Industry: Medical and therapeutical devices
Project value: EUR 93,890.00
IF participation: EUR 79,806.50
By using 3D technologies and photogrammetry, this Belgrade startup is offering cost-effective aesthetic covers for prostheses for lower extremities. Through combination of 3D printing and specific design, the new technology will provide а positive impact on the social integration of people with disabilities.
Company: DNET Inovacioni Centar za Informacione Tehnologije
Project: mTicketingAR
Project Budget: EUR 92,300
IF co-financing: EUR 76,300
Project Manager: Milan Đorđević
Project start: 09.05.2012
Project end: 30.06.2013
DNET Inovacioni Centar za Informacione Tehnologije from Novi Sad is focused on the design of cutting-edge applications based on the Augmented Reality concept for smart phones. Their novel mTicketingAR product enables integrated marketing, ticket and voucher sale using mobile phones powered by Augmented Reality.
Company: Boostowski
Project name: Digital Retail Sales Manager
Town: Belgrade
Industry: Software and application development
Project value: EUR 97,900.00
IF participation: EUR 77,399.74
Boostowski is offering an app for advanced training of retail salespersons. With a new methodology behind performance assessment, establishing of KPIs and improvement of skills, the application is aimed to increase the client’s productivity and sales volume.
Company: Еuro Heat
Project: Plate & Shell Heat Exchangers
Project Budget: EUR 92,710
IF co-financing: EUR 80,000
Project Manager: Stevan Petković
Project start: 09.05.2012
Project end: 08.06.2013
Euro Heat from Kragujevac is producing new and improved types of heat exchangers for industrial applications. The company improved the design and performance of plate heat exchangers by developing an innovative hybrid engineering solution which combines the best features of both plate and tube heat exchangers.
Company: Stock Studio
Project name: Stock Studio
Town: Belgrade
Industry: Software as a Service
Project value: EUR 87,560.00
IF participation: EUR 74,285.90
The Belgrade-based startup is offering a comprehensive Software as a service system for managing of digital content. This will help the users to facilitate and monitor their photo content across multiple platforms.
Company: iStreetLight
Project: iStreetLight
Project Budget: EUR 97,717
IF co-financing: EUR 80,000
Project Manager: Amit Vujić
Project start: 14.05.2012
Project end: 13.05.2013
iStreetLight from Belgrade operates in the field of energy efficiency, Smart City development and alternative energy solutions. They have successfully completed the development of hardware and software platform for interactive, intelligent and adaptive street lamps designed to be a part of urban infrastructure in Smart Cities of the future.
Company: Matop
Project: Izdvajanje prirodnih aromata procesom hladnog filtriranja
Project Budget: EUR 80,000
IF co-financing: EUR 69,200
Project Manager: Tajana Đurić
Project start: 09.05.2012
Project end: 08.09.2013
Matop is a start-up company from Topolа which has developed a new method for the production of natural aromas from byproducts formed in the process of drying of fruits, vegetables, spices and medicinal herbs. Its innovative engineering solution is based on the extraction of aromas by cold filtering, which is a completely novel approach within the industry.
Company: Abstract
Project name: Abstract Cyber Forensics
Town: Belgrade
Industry: Software as a Service
Project value: EUR 94,540.00
IF participation: EUR 79,640.00
This company from Belgrade is developing an AI-powered software solution that will enable brands to improve counterfeiting investigation processes on a global scale. This solution will help users to prevent revenue loss and preserve brand reputation and consumer trust.
Company: Strawberry Energy
Project: Strawberry Tree Mini
Project Budget: EUR 64,427
IF co-financing: EUR 54,835
Project Manager: Miloš Milisavljević
Project start: 09.05.2012
Project end: 09.07.2013
Belgrade based start-up Strawberry Energy, known for its public solar charger Strawberry Tree, has developed a new type of solar public charger for cell phones. The smaller and more efficient charger, with better power management system integrated with the application to monitor energy efficiency, is designed to be user-friendly and accessible to a wider market.
Company: Carsync
Project name: CarSync
Town: Niš
Industry: Software as a Service
Project value: EUR 93,500.00
IF participation: EUR 78,736.35
CarSync is new, cloud-based platform that will enable its users to make additional income by offering their cars to peers. This solution aims to solve some of the biggest challenges in similar sharing solutions such as: scheduling, communication, operations and metrics.
Company: Techno Foam
Project: Cold Roll Laminating Machine
Project Budget: EUR 92,707
IF co-financing: EUR 80,000
Project Manager: Radomir Savinović
Project start: 14.05.2012
Project end: 13.06.2013
TechnoFoam from Stari Banovci has developed a new machine for production and processing of artificial sponges and foam materials. The new engineering solution reduces production costs due to savings in energy, raw materials and the number of operators required to work the machine.
Company: Mechatronics & More
Project name: Kuc-kuc Smart Lock
Town: Novi Sad
Industry: Internet of Things
Project value: EUR 94,200.00
IF participation: EUR 80,000.00
The startup from Novi Sad is developing a new smart lock device to be used for easy access to rental apartments and premises. The new solution is based on Internet of Things technologies along with a cloud software infrastructure for access control.
Company: Just Smart
Project name: Shtreber
Town: Belgrade
Industry: Software and application development
Project value: EUR 88,000.00
IF participation: EUR 74,800.00
This Belgrade startup operates in the domain of digital education and is now presenting a new multimedia education platform for school age children. This platform combines elements of education, gamification and interactive learning along with tools and methods to increase motivation for learning.
Company: Bodytech
Project: Active Pad
Project budget: EUR 91,700
IF co-financing: EUR 77,944
Project manager: Aleksandar Veg
Project start: 01.02.2013
Duration: 12 months
Bodytech, a Belgrade start-up, has developed Active Pad – a product for the prevention of decubitus ulcers in long-term immobile patients. The product utilizes tunable, human-effective vibrations throughout an ergonomic design, in order to stimulate blood circulation in tissue under pressure. The system was developed in collaboration with the Faculty of Mechanical Engineering at the University of Belgrade.
Company: VideospaceTV
Project name: VideoSpace BestView
Town: Belgrade
Industry: Machine learning
Project value: EUR 93,972.00
IF participation: EUR 79,876.00
The Belgrade-based startup with business experience in the UK is using artificial intelligence to bring increased quality of streaming videos to the end users. This solution is compatible with already used solutions in this industry and is able to perform in real-time due to its high streaming and processing speed.
Company: Chromosome Group
Project: Development of Automated Device for Filling, Sealing and Packaging Plastic Straws with Liquid Fertilizer for Potted House Plants Feeding
Project budget: EUR 87,740
IF co-financing: EUR 72,740
Project manager: Marko Kostić
Project start: 01.02.2013
Duration: 12 months
Chromosome Group, with offices located in Belgrade and operations in Niš, is a start-up focusing on mechanical engineering and process automation. The company has developed an automated device for filling, sealing and packaging of plastic containers with liquid fertilizers. The new user-friendly product enables controlled release of the plant fertilizer through micro filters without direct contact of the user with the fertilizer, which makes it suitable for household application.
Company: Digital Worx
Project name: Maintenance Management System 4.0
Town: Belgrade
Industry: Software and application development
Project value: EUR 92,400.00
IF participation: EUR 77,120.50
Digital Worx is developing a software solution for completely digitalized information sharing and usage that will enable a manufacturing company's maintenance management team to efficiently lead multiple execution teams in the field. The solution is intended for small and medium industrial customers working within industry 4.0.
Company: Coprix Media
Project: InterActive Mathematics
Project budget: EUR 93,335
IF co-financing: EUR 79,035
Project manager: Vladimir Koprić
Project start: 01.02.2013
Duration: 12 months
The creators of the “Interactive ABC Book”, Coprix Media from Belgrade, have developed an interactive educational application for touch-sensitive devices, like tablets and smart phones. “InterActive Mathematics” is a cross-platform application fully adapted to the needs of preschool and primary school children, both in terms of functionality (i.e. the natural feeling when using the device for learning) and the quality of learning.
Company: Herbelixa
Project name: HerbELICO
Town: Belgrade
Industry: Food and health and functional food
Project value: EUR 90,140.00
IF participation: EUR 76,619.00
The company from Belgrade is developing a new herbal supplement for eradicating antibiotic-resistant Helicobacter pylori infections in humans. The innovative natural formula is based on the mix of essential oils extracted from particular aromatic plants.
Company: Ekofungi
Project: From Waste to Taste
Project budget: EUR 86,880
IF co-financing: EUR 72,480
Project manager: Ivanka Milenković
Project start: 08.02.2013
Duration: 12 months
Ekofungi introduced a new technology for the production of high-quality substrate for edible and medicinal mushrooms cultivation, based on recycled cellulose waste materials. The innovation was developed in collaboration with researchers from the Faculty of Agriculture and Institute for Biological Research in Belgrade.
Company: Corten Art
Project name: Bioethanol Mist Burner
Town: Šabac
Industry: Heating and cooling technologies and heat transfer
Project value: EUR 63,220.00
IF participation: EUR 53,520.00
Startup from Šabac is developing a bioethanol-powered fireplace for indoor use that complies with high safety standards. This eco-friendly solution is used for heat emission, but will also find its use for decorative purposes in home renovation and interior decoration projects.
Company: ETB
Project: Car Wheel Balancing Weights/Production Technology
Project budget: EUR 98,880
IF co-financing: EUR 80,000
Project manager: Zoran Jovanović
Project start: 01.02.2013
Duration: 12 months
ETB is a mechanical engineering company from Kruševac which has developed a new technology in the production of car wheel balancing weights. The new method of production improves durability and eliminates the need for anticorrosive coating, resulting in affordable high- quality products.
Company: KreativTeh
Project: Nanoaktiv Wound Dressings
Project budget: EUR 91,078
IF co-financing: EUR 77,413
Project manager: Bojana Obradović
Project start: 01.02.2013
Duration: 12 months
KreativTeh is a spin-off from the Faculty of Technology and Metallurgy, University of Belgrade, operating in the fields of life sciences and biomedicine. NanoAktiv is a novel biomedical product based on alginate hydrogels with incorporated silver nanoparticles to be used as antimicrobial dressings for treatment of both deep and superficial wounds.
Company: Industrial Analytics
Project name: Momentum CMMS
Town: Novi Sad
Industry: Software as a Service
Project value: EUR 94,775.00
IF participation: EUR 79,975.00
This young company from Novi Sad is creating a software solution that will enable easier maintenance and inventory management for healthcare institutions. The system will also allow users to generate error reports, track maintenance schedules and communicate with maintenance service providers.
Company: mBrainTrain
Project: “Smarting” – EEG Walks you Home
Project start: 01.02.2013
Duration: 12 months
Project budget: EUR 98,300
IF co-financing: EUR 78,200
Project manager: Ivan Gligorijević
Company mBrainTrain from Belgrade has developed a fully mobile smartphone-steered system to assist in home-based neuro-feedback training and neuro-rehabilitation treatment in a number of brain-related disorders. In the first two years after the project completion, the company generated revenue of more than EUR 70,000 from the sales of the new product, including sale contracts with the universities in Leuven (Belgium) and Oldenburg (Germany).
Company: Humanless Agriculture Technologies
Project name: Bioinformatics and Predictive Analytics Software for Soil – Plant Management with Near Real Time Prescription Tools
Town: Belgrade
Industry: Software as a Service
Project value: EUR 164,070.00
IF participation: EUR 70,838.34
The Belgrade-based IT-agritech startup is developing new plant management software with real-time prediction and cross analysis features from multiple sources. This software is aiming to solve some of the most frequent problems such as managing soil analyses and generating of high quality plant-soil maps.
Company: TRK Inovacije
Project: Digital Key
Project budget: EUR 61,454
IF co-financing: EUR 51,749
Project manager: Dušan Orlović
Project start: 01.02.2013
Duration: 12 months
Company Trk Inovacije from Novi Sad developed an electronic device for recording and recognizing intercom ring signals. It is used for controlled access to residential buildings and business premises. The “Digital Key” is designed to recognize the ring signal sequence and allow easier access to intercom-secured buildings without the need for answering the call or carrying the key or RFID card.
Company: 011LAB
Project: MOBICOMP – Modular Biometric Computer Platform
Project budget: EUR 89,500
IF co-financing: EUR 75,900
Project manager: Saša Vujić
Project start: 01.09.2013
Duration: 12 months
Through the „MOBICOMP“ project, 011LAB developed a functional biometric computer platform based on modular open architecture and designed for multi-purpose use. Due to the compatibility and modularity of the platform, various peripheral devices, operating systems and biometrical algorithms can be easily installed. Furthermore, the platform is prepared for integration with cloud-based solutions. The company’s primary clients are international enterprises offering innovative solutions for workforce management and time and attendance control.
Company: Propter
Project name: Clash of Chefs World
Town: Alibunar
Industry: Gamification
Project value: EUR 90,450.00
IF participation: EUR 74,169.00
The team behind Propter from Alibunar is leveraging their rich gaming industry experience and developing a virtual reality game where players compete in food preparation in various cuisines. With new content and alternative gameplay modes, the company aims to position it on the market of family friendly VR games.
Company: Miracle Dojo
Project name: Karate Do
Town: Belgrade
Industry: Gamification
Project value: EUR 95,000.00
IF participation: EUR 80,000.00
The startup from Belgrade combines gaming expertise and world class karate athletes to develop a mobile game with champion karate athletes as playable heroes. Novel in-game combat mechanics will be developed to simulate real-life karate techniques and scoring.
Company: Aggios Europe
Project: Energy Management Software for Mobile and Embedded Devices
Project start: 01.09.2013
Duration: 12 months
Project budget: EUR 94,000
IF co-financing: EUR 79,700
Project manager: Vojin Živojnović
Operating in the field of ICT and Energy Efficiency and reinforced by its founder’s rich international experience, Aggios Europe developed a hardware management and low level run-time power optimization software for Android OS mobile and embedded devices. The company’s technology aims to allow for a more efficient use of a device’s battery by using information based on the user’s way of handling the device. Aggios has identified medium-sized mobile phone producers located in Japan, Taiwan, South Korea and China and their software suppliers from the EU and US as primary customers.
Company: Anoris Technology
Project name: Anora - Smart Glove for Blind People
Town: Belgrade
Industry: Internet of Things
Project value: EUR 94,340.00
IF participation: EUR 79,240.00
Anoris Technology from Belgrade is developing a multifunctional glove designed to help persons with impaired vision. By offering 8 functions available with one button click, this solution will serve as a wearable assistive device for everyday activities and enable its users to enjoy a higher quality of living.
Company: Advanced Security Technologies
Project: Website Anti Defacement Service
Project budget: EUR 102,110
IF co-financing: EUR 80,000
Project manager: Ivica Šapina
Project start: 01.09.2013
Duration: 12 months
The ICT start-up from Niš developed a solution for identifying and preventing unauthorized changes, or colloquially, defacement of websites. By utilizing a set of complementary measures to identify hacker attacks, as well as a system for alarming the user and reversing unauthorized changes and website security breaches, this software enables owners of high-risk webpages to combat this growing problem of the digital age. The solution is offered in the form of easily scalable Software as a Service (SaaS), thus ensuring absolute privacy and a high degree of security alongside a rapid post-attack recovery mechanism.
Company: Custom Cometics
Project name: Ink Cosmetics
Town: Čačak
Industry: Pharmaceutical
Project value: EUR 76,400.00
IF participation: EUR 64,940.00
Company from Čačak is combining knowledge in pharmaceutics and modern art to develop a new tattoo aftercare product. The formula's flexible polymer film follows the muscle dynamics and provides a layer of physical protection, but also enables controlled release of active components that improve skin healing.
Company: Biounik
Project: Application of a New Biostimulator in Corn Seed Processing
Project start: 01.09.2013
Duration: 12 months
Project budget: EUR 94,412
IF co-financing: EUR 80,000
Project manager: Uroš Đorđević
This spin-off company operating in the agricultural industry has developed a new type of biostimulator which improves germination and sprouting of corn seed. The foundation on which the innovative product was developed was built around a mix of useful bacteria with verified auxin activity. This biostimulator is offered to big seed houses and institutes for agricultural development, as well as small farmers looking to increase their gains and improve seed quality and plant health.
Company: Atfield Technologies
Project name: Winessense Sensor Node
Town: Bečej
Industry: Internet of Things
Project value: EUR 94,700.00
IF participation: EUR 80,000.00
Startup from Bečej is developing a new sensoring device for application in winegrowing. The solution contains AI-powered data processing capabilities which will help users prevent plant diseases and make timely decision on irrigation, ultimately increasing their yield and reducing losses.
Company: DNET
Project: AR App Genie
Project budget: EUR 100,000
IF co-financing: EUR 80,000
Project manager: Milan Đorđević
Project start: 01.09.2013
Duration: 12 months
The spin-off company DNET Inovacioni Centar from Novi Sad created a novel cloud-based solution that enables users to intuitively and easily create and export Augmented Reality applications for multiple mobile platforms and desktops. Their project „AR App Genie“ has two main components – a Software as a Service (SaaS) solution, which enables cross-platform application development, and a cloud-based back-end Platform as a Service (PaaS) solution, which enables deployment of developed applications. Primary users will be marketing agencies, retail chains, furniture and clothing stores, as well as individual applications developers.
Company: Eon Plus
Project: Software Application for Environmental Impact Assessment
Project budget: EUR 79,400
IF co-financing: EUR 67,488
Project manager: Vladimir Đurica
Project start: 01.09.2013
Duration: 12 months
Guided by the global need for a high-quality process for assessing environmental impact, Eon Plus has developed a new software web application which offers an efficient system of identifying environmental impact, as well as quantitative evaluation methodology and graphical analysis of results and automatic generation of reports in accordance with the legislative requirements. This software integrates all aspects and phases of environmental screening and assessment for various industries, while environmental experts enter project location and characteristics, following the necessary regulatory frameworks. Finally, the software calculates the relevant factors and provides an estimation of potential impacts, including a visual presentation of results, making the process more objective and systematic. The solution is designed primarily for the EU market, but its application can be global.
Company: Gorostas Game Studio
Project name: Cryptic Legends Mobile Game
Town: Belgrade
Industry: Software and application development
Project value: EUR 84,827.00
IF participation: EUR 70,827.00
This Belgrade-based startup is developing a mobile game inspired by characters from Slavic mythology, and powered by blockchain technology to ensure true ownership of in-game assets. Along with improved strategic and tactical elements, the game also includes collectables and trading hero features.
Company: Intens Net
Project: Intensify
Project budget: EUR 121,510
IF co-financing: EUR 80,000
Project manager: Svjetlana Azarić
Project start: 01.09.2013
Duration: 12 months
This ICT spin-off from Novi Sad has developed a software solution for event promotion, attracting and rewarding end user loyalty. It is designed for clients who provide services in the entertainment industry (cinemas, theaters, arenas, etc). The company’s „Intensify“ innovation is compatible with existing ticketing solutions and it connects the clients to the end users through a specially designed application for smart devices. This solution offers a high degree of customizability to the needs of both the clients and the app users (audience), and is intended for the global market.
Company: White Lemur
Project name: SOMA Bioworks Development of Biodegradable Alternatives to Plastic
Town: Belgrade
Industry: Multifunctional materials
Project value: EUR 93,287.50
IF participation: EUR 78,637.50
The team behind White Lemur is focused on applying their skills in the fields of new materials to address the issue of environmental pollution and renewable production. Their solution is new biodegradable material from agricultural waste, which aims to serve as an eco-friendly substitute for Styrofoam.
Company: Brainstorm
Project: KISS Menu – Mobile Ordering 2.0
Project budget: EUR 100,520
IF co-financing: EUR 80,000
Project manager: Janko Milunović
Project start: 01.09.2013
Duration: 12 months
Start-up company Brainstorm, consisting of young professionals educated in Belgium, developed „KISS Menu“ – a platform for ordering in bars and restaurants by using smartphones and NFC technology. Besides ordering, the system contains content-sharing options via social networks, while also offering service ratings, interaction between users, smartphone payment, as well as a personalized recommendation system for users. The company is pitching their solution on the international market to HoReCa clients, fast-food chains, and companies offering home delivery and loyalty programs.
Company: Spik Briket
Project: Low Calorie Coals Technological Treatment in Order to Obtain Cheap and High Caloric Coal Dust
Project budget: EUR 100,000
IF co-financing: EUR 80,000
Project manager: Milan Kostić
Project start: 01.09.2013
Duration: 12 months
Spik Briket developed a simple, safe and economical innovative solution for increasing caloric value of dried coal dust, while the rest of the substance is used for the production of lignite briquettes. The essence of “SPIK” technology lies in optimizing the cutting and drying process of coal, where caloric value is increased up to two times by using a special energy-efficient dehumidifying process. Main users of this technology will be energy systems with high quantity of coal dust waste, briquette producers and small producers of energy/heat which add coal dust into biomass.
Company: Cropt
Project name: Smart Sowing Strategy
Town: Novi Sad
Industry: Data Science and Analytics
Project value: EUR 89,160.00
IF participation: EUR 75,613.06
The ambitious startup from Novi Sad, powered by expertise from the Biosense Institute, is developing a new solution for smart planning of sowing. The solution is based on big data analytics and state-of-the-art algorithms with the aim to increase sustainability and decrease risk of agricultural production.
Company: Srma-Zip
Project: Optimization of the Agricultural Soil Cultivation by Innovative Break-through Concept: Combined Cultivating Machine, Second Generation CCM-2
Project budget: EUR 94,030
IF co-financing: EUR 79,925
Project manager: Stanko Mandić
Project start: 01.09.2013
Duration: 12 months
The start-up from Sivac (Kula) developed a new solution in the field of agricultural mechanization, in the form of an innovative soil cultivator prototype named CCM2. Using reversible ploughs, the machine is able to simultaneously carry out several processes – plowing, soil preparation, fertilizing, sowing and covering the furrow in only one field passage. This helps generate substantial energy savings and reduce CO2 emission. The machine is being offered to big and medium-sized agricultural enterprises and farms in Serbia, as well as on the international market.
Company: Starglass
Project: Development and Manufacturing of Multifunction Production Line for Bending, Tempering of Bent and Fusion of Glass
Project budget: EUR 79,380
IF co-financing: EUR 66,679
Project manager: Biserka Škrbić
Project start: 01.09.2013
Duration: 12 months
Starglass from Starčevo developed and manufactured a multifunctional production line which facilitates three technological processes of treating glass: bending, tempering and fusion. The new line is highly energy efficient due to specially positioned heaters and a custom cooling system. Producing glass of various radiuses and shapes can be done without changing any tools, thereby increasing productivity and requiring only one worker to operate the machine. The solution is suitable for both small and large producers of glass. The company plans to focus on exporting its machine to the international market.
Company: Timepad
Project: Timepad
Project budget: EUR 36,577
IF co-financing: EUR 30,877
Project manager: Veljko Vasić
Project start: 01.09.2013
Duration: 6 months
The eponymous project of the Belgrade-based company Timepad resulted in the development of a cloud system for tracking and monitoring employee working hours. By combining the client and server segment, a simple and efficient mechanism for controlling and tracking employee working hours was produced. The system is very easy to maintain and is applicable to both small and medium enterprises.
Company: Visoki Vakuum
Project: High Vacuum Pump
Project budget: EUR 94,070
IF co-financing: EUR 79,770
Project manager: Živoslav Milovanović
Project start: 01.09.2013
Duration: 12 months
The „High Vacuum Pump“ project, implemented by the company Visoki Vakuum from Velika Plana, resulted in the development and production of a multifunctional vacuum pump with characteristics and performance superior to current industrial standards. The pump’s potential application covers a broad spectrum of industries that require vacuumization, pressure creation and compression, while it can also be used for pumping out fluids. Also, the pump generates significant energy savings during use, involves lower manufacturing costs and has a much longer life cycle.
Company: 365ads
Project: Brides2bride
Project budget: EUR 90.420
IF co-financing: EUR 76.460
Project manager: Nikola Vučićević
Project start: 20.06.2014.
Duration: 12 months
Belgrade ICT start-up 365ads has developed the Brides2bride project – a new platform enabling ex brides to share their experience and help future brides organize theirs weddings. B2B connects different actors in the process – ex brides enter the world of wedding organization by recommending companies whose services they were satisfied with, future brides get free help in wedding organization and first-hand information, and companies get the best possible advertising – direct recommendation.
Company: COFA Games
Project: Awakening of Heroes
Project budget: EUR 99.500
IF co-financing: EUR 80.000
Project manager: Nikola Mitić
Project start: 20.06.2014.
Duration: 12 months
Gaming company COFA Games from Belgrade developed a new multiplayer action strategy video game titled Awakening of Heroes. The game is available on different operating systems and enables players to access the game on different devices, such as tablets, desktop computers or Oculus Rift VR Headset. The game can be played from any location and doesn’t require additional installation.
Company: Coprix Media
Project: Interactive the World Around Us
Project budget: EUR 99.500
IF co-financing: EUR 80.000
Project manager: Ana Koprić
Project start: 20.06.2014.
Duration: 12 months
Coprix Media has profiled itself into a specialized ICT-based education aid company, with their latest project (following Interactive spelling book and Interactive mathematics) being Interactive the world around us. The company developed an application for touch-sensitive devices (tablets, smart phones) which will offer a new game-based learning tool for pre- and primary school children.
Company: Eipix Entertainment
Project: Creating Worlds
Project budget: EUR 88.600
IF co-financing: EUR 70.880
Project manager: Igor Zarol
Project start: 20.06.2014.
Duration: 12 months
A young but rapidly growing company from Novi Sad developed a new free to play (F2P) video game which combines hidden object puzzle adventure (HOPA) play style with rich interactive content, set in a story driven environment. F2P is a very popular approach to modern gaming, represented in digital hybrid form and usually consisting of freemium, micro transactions, and a virtual economy.
Company: Ekofungi
Project: 21st Century Food
Project budget: EUR 86.930
IF co-financing: EUR 72.580
Project manager: Ivanka Milenković
Project start: 20.06.2014.
Duration: 12 months
Company Ekofungi developed a new mushroom growing technology, resulting in an increase in quality of the mushroom’s fruit body, and significant reduction of harmful compounds during the growth. Due to the absorption of various minerals from the substrate, this new type of mushrooms has a much higher nutritional value and contains no mycotoxins which are harmful to humans.
Company: Euro Cal
Project: Innovative Ultrasonic Heat Meters
Project budget: EUR 100.000
IF co-financing: EUR 80.000
Project manager: Stevan Petković
Project start: 20.06.2014.
Duration: 12 months
Euro Cal developed a new type of ultrasonic heat meters that will find application in chemical, processing, food, pharmaceutical, and various other industries. The company’s new product is manufactured in Serbia and offers several competitive characteristics: energy efficiency, increased functionality, high manufacturing quality and an affordable price compared to other ultrasonic heat meters already offered on the market.
Company: NovelIC
Project: RAVIP – Radar for Visually Impaired Persons
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 94.210
IF co-financing: EUR 79.710
Project manager: Darko Tasovac
Company NovelIC developed a new solution for helping people with visual impairments. The system embedded in a spectacle-shaped frame helps users to detect the distance and speed of objects in their near surroundings by using integrated radar sensors (60 GHz RF ASIC). This new solution also finds applications among people working in dark and foggy environments.
Company: NS Web Development
Project: Clinic in Cloud
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 93.100
IF co-financing: EUR 61.900
Project manager: Srđan Vukmirović
NS Web Development’s ICT project named “Clinic in cloud” represents a new business framework for patient and appointment management systems. Most important modules of the project are patient data and data security, appointment and insurance policy management, as well as advanced reports. This Software as a Service solution is designed for various clinics and the approach is to be piloted in Serbia before moving onto the international market.
Company: MAINFLUX LABS
Project: Mainflux IIoT System
City: Belgrade
Sector: ICT
Project budget: EUR 92.000
IF participation: EUR 78.170
Project start: 01.02.2018.
Duration: 12 months
The Mainflux Labs team aims to produce a full turn-key industrial Internet of Things system for developing Internet of Things solutions with distinctive operational efficiency, intelligent products and new value-added services across many industries. This novel system will enable lower costs, high data security, faster response times and real-time processing.
Company: Projektinženjering Tim
Project: Seismo-Safe 2G3-GOSEB Building System
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 94.000
IF co-financing: EUR 78.700
Project manager: Danilo Ristić
Throughout their project, the construction engineering company “Projektinženjering Tim” has developed an innovative system for seismic protection of buildings during earthquakes. The system is based on the company’s new GOSEB technology which enables efficient multi-level and multi-directional protection of entire buildings. Using special technical solutions, the system is designed to optimally disperse and reduce shock energy (forces) in all directions, as well as to adapt its own reaction features depending on the intensity of the earthquake. The company is planning to export the solution to various international markets.
Company: SWIFTTY
Project: SwiftBuild
City: Belgrade
Sector: Software and application development
Project budget: EUR 91.362
IF participation: EUR 77.618
Project start: 01.02.2018.
Duration: 12 months
The Belgrade startup is working on a new cloud-based service which allows conversion of PSD (graphic) files into editable HTML/CSS code in just 30 seconds, thus replacing up to 8 hours of manual coding per conversion and resulting in a responsive and fully functional web page. The service will be offered to web professionals and freelancer developers and designers, as well as large IT companies.
Company: Unitehna Alati
Project: Vine/Fruit Green Pruning Device
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 94.300
IF co-financing: EUR 80.000
Project manager: Miroslav Milenković
“Unitehna Alati” from Kruševac has created a new, cost-efficient device for green pruning with improved characteristics in terms of optimal field of visibility, pruning accuracy and responsiveness to commands. The improvement was achieved by employing an innovative pneumatic controller system for the device, instead of relying on traditional hydraulic solutions. The device is easily adaptable to different models of tractors.
Company: TINO SPACE
Project: Tino Space
City: Belgrade
Sector: ICT
Project budget: EUR 69.374
IF participation: EUR 55.720
Project start: 01.03.2018.
Duration: 5 months
Tino Space is building an advertisement web platform powered by artificial intelligence, with a separately managed distribution channel displayed in Facebook messenger. The company’s new advertising format, called “chatame”, enables advertising businesses to attract customers through interactive “call to action” and helps them develop customized promotion packages.
Company: RALBING
Project: Implementation of Computational Intelligence in Foundries In Serbia – ICIFS
City: Belgrade
Sector: Electrical engineering
Project budget: EUR 78.800
IF participation: EUR 66.975
Project start: 01.03.2018.
Duration: 12 months
The engineering company Ralbing is applying computational intelligence techniques and modern software tools for design and virtual casting in order to optimize production processes in Serbian foundries. By leveraging neural network architecture and extensive casting simulations, this system will enable significant cost savings and improve the competitiveness of its users.
Company: SMART RESEARCH
Project: SmartBlot
City: Belgrade
Sector: Life sciences
Project budget: EUR 75.947
IF participation: EUR 64.554
Project start: 01.03.2018.
Duration: 12 months
The “SmartBlot” project pertains to the development of an automated “western blot” processing device with high capacity, low maintenance and minimum consumables for life science research laboratories. This innovative device will enable drastic savings in terms of chemical consumables required for the testing process and will also save hours of work for lab technicians and researchers per each sample tested.
Company: 3F FIT FABRICANDO FABER
Project: Motivate to Move (MOTIMOVE)
City: Belgrade
Sector: Medical and therapeutical devices
Project budget: EUR 95.030
IF participation: EUR 79.930
Project start: 01.02.2018.
Duration: 12 months
The project revolves around a modular and customizable neuromuscular assistive system for restoring diminished or lost motor functions in persons with disabilities. Using electrical stimulation, advanced hardware with intelligent adaptive control and a user-friendly operating program, 3F strives to enable people with disabilities to once again engage in activities such as pedaling, cycling and walking, and to improve their quality of living.
Company: SPICEFACTORY
Project: Sava Event Management Platform
City: Belgrade
Sector: Software and application development
Project budget: EUR 72.750
IF participation: EUR 61.765
Project start: 01.03.2018.
Duration: 6 months
SpiceFactory is developing an all-in-one event management and attendee engagement platform with contextual backend that keeps track of user behavior across different channels and adjusts the content that is offered to the user accordingly. Additionally, this platform will provide the attendees with a wide array of tools for interaction and access to information, as well as smart analytics and easy content updates for the organizers.
Company: PYGMY TITAN
Project: Embedded Mobile Application Platform
City: Belgrade
Sector: Software and application development
Project budget: EUR 90.472
IF participation: EUR 76.572
Project start: 01.03.2018.
Duration: 10 months
Pygmy Titan is developing a mobile computing platform based on smartphone technology, which will allow industrial customers to effectively and securely manage applications on hardware devices in the field, with the level of simplicity and intuitiveness expected from the smartphone ecosystem. The key customers are product manufacturers and industrial enterprises, as well as the retail and healthcare sectors.
Company: ALTFUTURE
Project: Derail Valley
City: Belgrade
Sector: Software and application development
Project budget: EUR 78.611
IF participation: EUR 66.819
Project start: 01.02.2018.
Duration: 12 months
This young company from Belgrade is developing a novel train simulation game that combines the concept of advanced Virtual Reality with the elements of physical interaction of the driver with the train control panel. The simulation brings realistic railway physics and derailment scenarios, immersive audio sensation and over 100km od living train ecosystem to its users, along with the multiplayer option.
Company: CCS SOLUTIONS
Project: Couch Coach
City: Belgrade
Sector: Software and application development
Project budget: EUR 97.072
IF participation: EUR 79.822
Project start: 16.03.2018.
Duration: 12 months
The startup company CCS Solutions is developing the first real-time basketball fantasy game on a cloud based platform with an innovative server side algorithm, quick processing and responsiveness, as well as high scalability which is achieved by using cutting edge software architecture. This software is aiming to cover every major global basketball event, both in national leagues and international team competitions.
Company: FUTURE REALITY SYSTEMS
Project: Arxitekt
City: Niš
Sector: Software and application development
Project budget: EUR 98.800
IF participation: EUR 79.800
Project start: 01.02.2018.
Duration: 12 months
The company from Niš is developing a multi-platform application for interior design based on the technology of Augmented and Virtual Reality with elements of Artificial Intelligence. This application will allow professional interior designers and enthusiasts to quickly and easily create their own sketches, convert them into 3D models and add their own desired furniture, which will be directly linked from the vendors with readily available items on the market.
Company: AIRPOP
Project: Development of Disposable EPS Products Multifunctional Handling Unit as EPS Molding Machine Extension
City: Aleksinac
Sector: Machines and mechanical engineering
Project budget: EUR 93.800
IF participation: EUR 79.728
Project start: 01.02.2018.
Duration: 12 months
The company from the city of Aleksinac is developing an innovative and energy efficient Expanded Polystyrene (EPS) machine which automatically collects the finished products from the production molds, performs high accuracy leak testing to ensure maximum quality compliance, and then transports them to the packing unit. This advanced machine will enable significant cost savings in terms of energy consumption, time required for leak testing, as well as testing accuracy.
Company: TEHNOLOGIJE BUDUĆNOSTI
Project: Surveillance and Communication System „Kvazar“
City: Subotica
Sector: ICT
Project budget: EUR 94.400
IF participation: EUR 80.000
Project start: 01.03.2018.
Duration: 12 months
This young company from the city of Subotica is developing an innovative surveillance and communications system called “Kvazar”, which will be used for prevention of theft and loss of fuel for transport companies. By using several safety mechanisms active within this system, the transport companies will easily monitor the fuel consumption, track the amount of fuel which the drivers buy and perform various types of data analytics which will help them optimize this segment.
Company: IMMERSIVE4
Project: Immersive4Learning
City: Novi Sad
Sector: ICT
Project budget: EUR 99.800
IF participation: EUR 79.800
Project start: 01.03.2018.
Duration: 12 months
This experienced multidisciplinary engineering team from Novi Sad is developing an intelligent platform based on Artificial Intelligence and a set of pedagogical models that will enable personalized learning processes in different virtual environments. Using this novel approach, the tutors can customize different aspects of the learning experience based on each student’s pre-existing knowledge and learning style in order to maximize training and education effectiveness and create high value curricula.
Company: HYPERWELDER
Project: Hyperwelder
City: Novi Sad
Sector: ICT
Project budget: EUR 100.941
IF participation: EUR 79.996
Project start: 01.03.2018.
Duration: 12 months
By using the latest gaming technology and bringing a disruptive approach to the process of welding training, the startup company from Novi Sad is developing a unique and high quality virtual reality training with innovative quantification and evaluation of the welder trainee learning curve. The environment created by this platform will replicate various working situations with a high level of fidelity by combining room scale VR systems with real items and tactile sensation factors.
Company: BIZBAZ
Project: Innovative Plush Toys with Natural Beeswax
City: Požarevac
Sector: New materials and nano-technologies
Project budget: EUR 92.020
IF participation: EUR 76.517
Project start: 01.03.2018.
Duration: 12 months
The company from the city of Požarevac is designing and producing innovative plush toy with a new, completely natural inner layer made out of beeswax that has antibacterial, anti-inflammatory and pain relief effects. This inner layer is created through a specific production process which enables the toys to change shape and at the same time be durable and perfectly safe for younglings to play with.
Company: ULTIMO GRAĐEVINSKA HEMIJA
Project: Development of New Materials for Prefabricated Concrete Elements for Building Construction in Tropical Climatic Conditions
City: Beograd
Sector: Construction and civil engineering
Project budget: EUR 89.200
IF participation: EUR 74.200
Project start: 01.03.2018.
Duration: 12 months
Ultimo’s company team consisting of University professors and experienced engineers is developing high-performance concrete mixtures for casting and assembling elements for prefabricated affordable housing in tropical conditions. Using this technological process, the company will be able to create materials and building blocks which will offer higher strength, lower weight and increased durability.
Company: PUBLITIO
Project: Publitio API
City: Zrenjanin
Sector: Software and application development
Project budget: EUR 94.040
IF participation: EUR 80.000
Project start: 01.02.2018.
Duration: 12 months
Start-up from the city of Zrenjanin is developing an innovative software platform as a service (PaaS) which offers web and mobile publishers a powerful tool for ingesting, automating and distributing various audio, video and image materials, with the integrated conversion ability for different formats.
Company: SOLAGRO SMART RECYCLING
Project: Solagro Smart Recycler 2.0
City: Kraljevo
Sector: Enviromental and climate protection
Project budget: EUR 72.356
IF participation: EUR 61.501
Project start: 01.02.2018.
Duration: 12 months
This young company from Kraljevo is developing an improved mobile recycling machine for public use that offers an enhanced crushing mechanism (up to 90% compression) with innovative control and advanced waste analytics, as well as modern interface solutions that provide game-like interactions with users in order to stimulate recycling and receive various awards.
Company: VEMID
Project: New Forged-Quality Al/Cu Bimetallic Electrical Connectors
City: Jagodina
Sector: Machines and mechanical engineering
Project budget: EUR 60.092
IF participation: EUR 51.078
Project start: 01.03.2018.
Duration: 12 months
This start-up company from Jagodina is already active in the field of producing AL/Cu connectors for the power industry, and the goal of their project is to develop a brand new cost-effective production process for a new type of AL/Cu connectors that combines friction welding and open-die forging technologies, in order to ultimately create high quality products with significant time and cost savings.
Company: FOOD GROUP MSP
Project name: Modulation of cooling
Town: Bač
Industry: Energy efficiency
Project value: EUR 79,560
IF participation: EUR 67,260
Project start: 1.11.2018.
Duration: 12 months
Food Group MSP from Bač is developing a new concept of cooling by evaporation for small and medium-sized cooling installations. Using an innovative dual-system approach, this solution contributes to significant energy savings, reduces maintenance costs, prolongs the life span of refrigeration units and has a positive impact on environmental protection.
Company: CLEVER
Projekat: Pausal
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 98,360
IF participation: EUR 78,492
Project start: 15.11.2018.
Duration: 12 months
Clever is developing a web application that is also compatible with Android or IOS systems with the intention to significantly save time for small businesses by simplifying their daily business processes. Through the automation of repetitive activities, the system is designed to respond to the most common needs of an entrepreneur.
Company: BOX SYSTEM
Project name: WooBox
Town: Vršac
Industry: Mechanical engineering
Project value: EUR 90,307
IF participation: EUR 76,760
Project start: 1.12.2018.
Duration: 12 months
This startup from Vršac is creating an innovative solution for transporting of fresh goods and foods. The new transport container is made exclusively from natural materials, and is an alternative to Styrofoam products. In addition to decreasing the potential contamination of contents, negative environmental impacts are completely minimized, both in the production process and in the final disposal of the product.
Company: SVEZDRAV REŠENjA
Project name: Heart Care Platform
Town: Klenje, Bogatić
Industry: Information and communication technologies
Project value: EUR 92,420
IF participation: EUR 78,520
Project start: 1.12.2018.
Duration: 12 months
Svezdrav Rešenja is developing an innovative solution for recording ECG, collecting and analyzing big data that will have its use in determining overall heart conditions and its level of stress, while allowing for monitoring, tracking and consulting of users. The system seeks to convert biomedical signals into an audio signal, analyzes this signal in real time and provides efficient management of collected data.
Company: INNSONO
Projekat: SONO360– smart audio interface
Town: Niš
Industry: Information and communication technologies
Project value: EUR 94,056
IF participation: EUR 79,947
Project start: 1.12.2018.
Duration: 12 months
The goal of the Sono360 project is to develop an integrated Smart Audio Interface solution, capable of receiving, localizing and recognizing sounds from the entire 360-degree sound space. The specific features of the new solution make it possible to customize the templates for recording, improve its quality, enable sound detection and recognition of their source, and allows for connection with smart home systems.
Company: PWNRS
Project name: Football Clash Arena
Town: Belgrade
Industry: Software and application development
Project value: EUR 93,104
IF participation: EUR 79,104
Project start: 1.11.2018.
Duration: 12 months
PWNRS is working on a new turn-based football strategy game with a specific concept for various types of platforms and devices, which rewards players through complex decision-making, intuitive gameplay and a vibrant in-game economy. The unique serverless infrastructure behind it allows for high product scalability, with low cost pricing.
Company: URBIGO
Project name: Green Cube – smart indoor garden
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 94,102
IF participation: EUR 79,987
Project start: 15.10.2018.
Duration: 12 months
UrbiGo is developing a new system for cultivating organic plants and mini-vegetables in urban home conditions throughout the year. By connecting the device through a mobile application, this solution enables remote control and provides the end-user with educational content and essential information for successful cultivation of healthy food.
Company: HEARTPAL TECH
Projekat: KardioPal
Town: Belgrade
Industry: Medical and terapeutic devices
Project value: EUR 100.980
IF participation: EUR 79.980
Project start: 15.11.2018.
Duration: 12 months
Heartpal Tech company from Belgrade is developing an innovative solution for rapid diagnosis of health conditions leading to a heart attack in order to help patients receive timely treatment, which is the most crucial factor for saving lives in medical emergencies of this type. The solution consists of a patent-protected diagnostic device that can be easily used by patients and a diagnostic center.
Company: INFORM TECHNOLOGIES
Project name: Swan – compact document and book scanner
Town: Novi Sad
Industry: Information and communication technologies
Project value: EUR 89,160
IF participation: EUR 75,270
Project start: 15.10.2018.
Duration: 12 months
This startup from Novi Sad is building an innovative compact scanner for digitizing and archiving books and documentation. The team’s improved software solution and V-shaped design specificity provide significant benefit to end-users, especially when it comes to speed and ease of scanning already connected material.
Company: PULCAP
Project name: Control of poultry red mite by a mixture of inert oils
Town: Belgrade
Industry: Science
Project value: EUR 101,210
IF participation: EUR 80,000
Project start: 15.11.2018.
Duration: 12 months
Pulcap employs an innovative approach to creating oil-based products for controlling and eradicating red mites in poultry farming. This new product will meet the highest industrial standards without any negative effect on the hens or production of eggs, while generating significant savings for the farms by reducing the number of hen fatalities caused by the red mite parasites. The product will also be environmentally friendly.
Company: KOV TECHNOLOGY
Project name: Vozzi mobile application
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 91,889
IF participation: EUR 72,689
Project start: 15.10.2018.
Duration: 12 months
With the development of their new mobile solution, Kov Technology plans to digitize and modernize the South-Eastern European market for roadside assistance services. Using this app, users will be able to quickly connect to the closest vehicle service providers if they experience car issues while on the road, thus enabling faster services at a lower price.
Company: GLASS SLIPPER
Project name: The Glass Slipper
Town: Belgrade
Industry: Other industrial branches/ Design and production of footwear
Project value: EUR 104,790
IF participation: EUR 80,000
Project start: 1.11.2018.
Duration: 6 months
The internationally composed team behind this company is creating a new line of women’s shoes with a specific modular design to allow for easy and quick change of high heels. The new shoe model will offer a high level of comfort with a very thin structure, the ability to change the shape and height of the heels, and the possibility of redesigning and restoring the shoe, if necessary.
Company: PERUN TECHNOLOGIES
Project name: PUMA – Power Universal Management Agent
Town: Novi Sad
Industry: Energy efficiency
Project value: EUR 84,100
IF participation: EUR 71,475
Project start: 1.02.2019.
Duration: 12 months
Perun Technologies is developing an efficient and sustainable energy router solution for controlling electric energy consumption in one or between multiple households and allowing for peer-to-peer power sharing and storage. Using this rapid-response router, users will be able to control the flow of electricity in accordance with their needs and leverage the device’s interoperability and service-providing abilities to create additional value.
Company: Angros
Project: Hydraulic Cylinder-Capsule for Hydropresses
Project Budget: EUR 92,707
IF co-financing: EUR 80,000
Project Manager: Aleksandar Stanić
Project start: 14.05.2012
Project end: 30.06.2013
Angros from Trstenik is a young enterprise creating new solutions in the fields of hydraulics and pneumatics. They are offering a new type of cylinder-capsule for hydro presses with an innovative system of protection against intrusion of impurities into the piston, which significantly increases the period of exploitation of the device.
Company: Smartfire Block
Project name: Smart Fire Protection
Town: Kragujevac
Industry: New construction material development
Project value: EUR 94,560.00
IF participation: EUR 79,860.00
Startup from the city of Kragujevac is developing a new technology for production of passive fire protection ribbons by using recycled and bio-based raw materials. The new cost-effective solution will offer prolonged fire protection, but also reduce the negative environmental impact which is associated with flame protection technologies.
Company: Adecom Group
Project: Srkizol – The Future Of Waterproofing
Project Budget: EUR 76,800
IF co-financing: EUR 66,480
Project Manager: Srđan Mišurić
Project start: 14.05.2012
Project end: 13.08.2013
Adecom Group specializes in the design and implementation of water-proofing solutions for the construction industry. The Srkizol project has developed a novel injection paste to be used for prevention of water penetration into the interior of buildings.
Company: Animanistan
Project name: Mocap Compatible Keyframe Autorig Plug-in - McKap
Town: Belgrade
Industry: Software and application development (web and mobile)
Project value: EUR 90,890.00
IF participation: EUR 77,256.50
This Belgrade-based company is offering a rigging tool that will enhance the process of 3D animation production for small and medium scale studios. Their plug-in for leading 3D software in the virtual effects industry will enable easier manipulation of motion capture data without increasing production costs.
Company: Axon – Inteligentni Sistemi
Project: Application of Spoken Dialogue Systems in Smart Phones
Project budget: EUR 92,920
IF co-financing: EUR 76,920
Project manager: Darko Pekar
Project start: 14.05.2012
Project end: 27.05.2013
Axon-Inteligentni Sistemi is a spin-off company from the Faculty of Technical Sciences at the University of Novi Sad with core activity in the development of intelligent dialogue systems. By using high-quality speech technologies for South Slavic languages, including Serbian, the company has developed multimodal dialogue system, with particular focus on spoken dialogue.
Company: Cardio Solutions
Project: Luminis
Project budget: EUR 94,000
IF co-financing: EUR 78,800
Project manager: Dr sci med Dr Ivana I. Vranić
Project start: 09.05.2012
Project end: 08.05.2013
Cardio Solutions is a start-up from Belgrade developing innovative technological solutions for early detection of Sudden Cardiac Death (SCD) syndrome. Through the Luminis project, the company has completed the development of a diagnostic software by implementing the novel methodology for the identification of SCD risk in individuals.
Company: Pirate Art Studio
Project name: Aestetic Covers for People with Dissabilities
Town: Belgrade
Industry: Medical and therapeutical devices
Project value: EUR 93,890.00
IF participation: EUR 79,806.50
By using 3D technologies and photogrammetry, this Belgrade startup is offering cost-effective aesthetic covers for prostheses for lower extremities. Through combination of 3D printing and specific design, the new technology will provide а positive impact on the social integration of people with disabilities.
Company: DNET Inovacioni Centar za Informacione Tehnologije
Project: mTicketingAR
Project Budget: EUR 92,300
IF co-financing: EUR 76,300
Project Manager: Milan Đorđević
Project start: 09.05.2012
Project end: 30.06.2013
DNET Inovacioni Centar za Informacione Tehnologije from Novi Sad is focused on the design of cutting-edge applications based on the Augmented Reality concept for smart phones. Their novel mTicketingAR product enables integrated marketing, ticket and voucher sale using mobile phones powered by Augmented Reality.
Company: Boostowski
Project name: Digital Retail Sales Manager
Town: Belgrade
Industry: Software and application development
Project value: EUR 97,900.00
IF participation: EUR 77,399.74
Boostowski is offering an app for advanced training of retail salespersons. With a new methodology behind performance assessment, establishing of KPIs and improvement of skills, the application is aimed to increase the client’s productivity and sales volume.
Company: Еuro Heat
Project: Plate & Shell Heat Exchangers
Project Budget: EUR 92,710
IF co-financing: EUR 80,000
Project Manager: Stevan Petković
Project start: 09.05.2012
Project end: 08.06.2013
Euro Heat from Kragujevac is producing new and improved types of heat exchangers for industrial applications. The company improved the design and performance of plate heat exchangers by developing an innovative hybrid engineering solution which combines the best features of both plate and tube heat exchangers.
Company: Stock Studio
Project name: Stock Studio
Town: Belgrade
Industry: Software as a Service
Project value: EUR 87,560.00
IF participation: EUR 74,285.90
The Belgrade-based startup is offering a comprehensive Software as a service system for managing of digital content. This will help the users to facilitate and monitor their photo content across multiple platforms.
Company: iStreetLight
Project: iStreetLight
Project Budget: EUR 97,717
IF co-financing: EUR 80,000
Project Manager: Amit Vujić
Project start: 14.05.2012
Project end: 13.05.2013
iStreetLight from Belgrade operates in the field of energy efficiency, Smart City development and alternative energy solutions. They have successfully completed the development of hardware and software platform for interactive, intelligent and adaptive street lamps designed to be a part of urban infrastructure in Smart Cities of the future.
Company: Matop
Project: Izdvajanje prirodnih aromata procesom hladnog filtriranja
Project Budget: EUR 80,000
IF co-financing: EUR 69,200
Project Manager: Tajana Đurić
Project start: 09.05.2012
Project end: 08.09.2013
Matop is a start-up company from Topolа which has developed a new method for the production of natural aromas from byproducts formed in the process of drying of fruits, vegetables, spices and medicinal herbs. Its innovative engineering solution is based on the extraction of aromas by cold filtering, which is a completely novel approach within the industry.
Company: Abstract
Project name: Abstract Cyber Forensics
Town: Belgrade
Industry: Software as a Service
Project value: EUR 94,540.00
IF participation: EUR 79,640.00
This company from Belgrade is developing an AI-powered software solution that will enable brands to improve counterfeiting investigation processes on a global scale. This solution will help users to prevent revenue loss and preserve brand reputation and consumer trust.
Company: Strawberry Energy
Project: Strawberry Tree Mini
Project Budget: EUR 64,427
IF co-financing: EUR 54,835
Project Manager: Miloš Milisavljević
Project start: 09.05.2012
Project end: 09.07.2013
Belgrade based start-up Strawberry Energy, known for its public solar charger Strawberry Tree, has developed a new type of solar public charger for cell phones. The smaller and more efficient charger, with better power management system integrated with the application to monitor energy efficiency, is designed to be user-friendly and accessible to a wider market.
Company: Carsync
Project name: CarSync
Town: Niš
Industry: Software as a Service
Project value: EUR 93,500.00
IF participation: EUR 78,736.35
CarSync is new, cloud-based platform that will enable its users to make additional income by offering their cars to peers. This solution aims to solve some of the biggest challenges in similar sharing solutions such as: scheduling, communication, operations and metrics.
Company: Techno Foam
Project: Cold Roll Laminating Machine
Project Budget: EUR 92,707
IF co-financing: EUR 80,000
Project Manager: Radomir Savinović
Project start: 14.05.2012
Project end: 13.06.2013
TechnoFoam from Stari Banovci has developed a new machine for production and processing of artificial sponges and foam materials. The new engineering solution reduces production costs due to savings in energy, raw materials and the number of operators required to work the machine.
Company: Mechatronics & More
Project name: Kuc-kuc Smart Lock
Town: Novi Sad
Industry: Internet of Things
Project value: EUR 94,200.00
IF participation: EUR 80,000.00
The startup from Novi Sad is developing a new smart lock device to be used for easy access to rental apartments and premises. The new solution is based on Internet of Things technologies along with a cloud software infrastructure for access control.
Company: Just Smart
Project name: Shtreber
Town: Belgrade
Industry: Software and application development
Project value: EUR 88,000.00
IF participation: EUR 74,800.00
This Belgrade startup operates in the domain of digital education and is now presenting a new multimedia education platform for school age children. This platform combines elements of education, gamification and interactive learning along with tools and methods to increase motivation for learning.
Company: Bodytech
Project: Active Pad
Project budget: EUR 91,700
IF co-financing: EUR 77,944
Project manager: Aleksandar Veg
Project start: 01.02.2013
Duration: 12 months
Bodytech, a Belgrade start-up, has developed Active Pad – a product for the prevention of decubitus ulcers in long-term immobile patients. The product utilizes tunable, human-effective vibrations throughout an ergonomic design, in order to stimulate blood circulation in tissue under pressure. The system was developed in collaboration with the Faculty of Mechanical Engineering at the University of Belgrade.
Company: VideospaceTV
Project name: VideoSpace BestView
Town: Belgrade
Industry: Machine learning
Project value: EUR 93,972.00
IF participation: EUR 79,876.00
The Belgrade-based startup with business experience in the UK is using artificial intelligence to bring increased quality of streaming videos to the end users. This solution is compatible with already used solutions in this industry and is able to perform in real-time due to its high streaming and processing speed.
Company: Chromosome Group
Project: Development of Automated Device for Filling, Sealing and Packaging Plastic Straws with Liquid Fertilizer for Potted House Plants Feeding
Project budget: EUR 87,740
IF co-financing: EUR 72,740
Project manager: Marko Kostić
Project start: 01.02.2013
Duration: 12 months
Chromosome Group, with offices located in Belgrade and operations in Niš, is a start-up focusing on mechanical engineering and process automation. The company has developed an automated device for filling, sealing and packaging of plastic containers with liquid fertilizers. The new user-friendly product enables controlled release of the plant fertilizer through micro filters without direct contact of the user with the fertilizer, which makes it suitable for household application.
Company: Digital Worx
Project name: Maintenance Management System 4.0
Town: Belgrade
Industry: Software and application development
Project value: EUR 92,400.00
IF participation: EUR 77,120.50
Digital Worx is developing a software solution for completely digitalized information sharing and usage that will enable a manufacturing company's maintenance management team to efficiently lead multiple execution teams in the field. The solution is intended for small and medium industrial customers working within industry 4.0.
Company: Coprix Media
Project: InterActive Mathematics
Project budget: EUR 93,335
IF co-financing: EUR 79,035
Project manager: Vladimir Koprić
Project start: 01.02.2013
Duration: 12 months
The creators of the “Interactive ABC Book”, Coprix Media from Belgrade, have developed an interactive educational application for touch-sensitive devices, like tablets and smart phones. “InterActive Mathematics” is a cross-platform application fully adapted to the needs of preschool and primary school children, both in terms of functionality (i.e. the natural feeling when using the device for learning) and the quality of learning.
Company: Herbelixa
Project name: HerbELICO
Town: Belgrade
Industry: Food and health and functional food
Project value: EUR 90,140.00
IF participation: EUR 76,619.00
The company from Belgrade is developing a new herbal supplement for eradicating antibiotic-resistant Helicobacter pylori infections in humans. The innovative natural formula is based on the mix of essential oils extracted from particular aromatic plants.
Company: Ekofungi
Project: From Waste to Taste
Project budget: EUR 86,880
IF co-financing: EUR 72,480
Project manager: Ivanka Milenković
Project start: 08.02.2013
Duration: 12 months
Ekofungi introduced a new technology for the production of high-quality substrate for edible and medicinal mushrooms cultivation, based on recycled cellulose waste materials. The innovation was developed in collaboration with researchers from the Faculty of Agriculture and Institute for Biological Research in Belgrade.
Company: Corten Art
Project name: Bioethanol Mist Burner
Town: Šabac
Industry: Heating and cooling technologies and heat transfer
Project value: EUR 63,220.00
IF participation: EUR 53,520.00
Startup from Šabac is developing a bioethanol-powered fireplace for indoor use that complies with high safety standards. This eco-friendly solution is used for heat emission, but will also find its use for decorative purposes in home renovation and interior decoration projects.
Company: ETB
Project: Car Wheel Balancing Weights/Production Technology
Project budget: EUR 98,880
IF co-financing: EUR 80,000
Project manager: Zoran Jovanović
Project start: 01.02.2013
Duration: 12 months
ETB is a mechanical engineering company from Kruševac which has developed a new technology in the production of car wheel balancing weights. The new method of production improves durability and eliminates the need for anticorrosive coating, resulting in affordable high- quality products.
Company: KreativTeh
Project: Nanoaktiv Wound Dressings
Project budget: EUR 91,078
IF co-financing: EUR 77,413
Project manager: Bojana Obradović
Project start: 01.02.2013
Duration: 12 months
KreativTeh is a spin-off from the Faculty of Technology and Metallurgy, University of Belgrade, operating in the fields of life sciences and biomedicine. NanoAktiv is a novel biomedical product based on alginate hydrogels with incorporated silver nanoparticles to be used as antimicrobial dressings for treatment of both deep and superficial wounds.
Company: Industrial Analytics
Project name: Momentum CMMS
Town: Novi Sad
Industry: Software as a Service
Project value: EUR 94,775.00
IF participation: EUR 79,975.00
This young company from Novi Sad is creating a software solution that will enable easier maintenance and inventory management for healthcare institutions. The system will also allow users to generate error reports, track maintenance schedules and communicate with maintenance service providers.
Company: mBrainTrain
Project: “Smarting” – EEG Walks you Home
Project start: 01.02.2013
Duration: 12 months
Project budget: EUR 98,300
IF co-financing: EUR 78,200
Project manager: Ivan Gligorijević
Company mBrainTrain from Belgrade has developed a fully mobile smartphone-steered system to assist in home-based neuro-feedback training and neuro-rehabilitation treatment in a number of brain-related disorders. In the first two years after the project completion, the company generated revenue of more than EUR 70,000 from the sales of the new product, including sale contracts with the universities in Leuven (Belgium) and Oldenburg (Germany).
Company: Humanless Agriculture Technologies
Project name: Bioinformatics and Predictive Analytics Software for Soil – Plant Management with Near Real Time Prescription Tools
Town: Belgrade
Industry: Software as a Service
Project value: EUR 164,070.00
IF participation: EUR 70,838.34
The Belgrade-based IT-agritech startup is developing new plant management software with real-time prediction and cross analysis features from multiple sources. This software is aiming to solve some of the most frequent problems such as managing soil analyses and generating of high quality plant-soil maps.
Company: TRK Inovacije
Project: Digital Key
Project budget: EUR 61,454
IF co-financing: EUR 51,749
Project manager: Dušan Orlović
Project start: 01.02.2013
Duration: 12 months
Company Trk Inovacije from Novi Sad developed an electronic device for recording and recognizing intercom ring signals. It is used for controlled access to residential buildings and business premises. The “Digital Key” is designed to recognize the ring signal sequence and allow easier access to intercom-secured buildings without the need for answering the call or carrying the key or RFID card.
Company: 011LAB
Project: MOBICOMP – Modular Biometric Computer Platform
Project budget: EUR 89,500
IF co-financing: EUR 75,900
Project manager: Saša Vujić
Project start: 01.09.2013
Duration: 12 months
Through the „MOBICOMP“ project, 011LAB developed a functional biometric computer platform based on modular open architecture and designed for multi-purpose use. Due to the compatibility and modularity of the platform, various peripheral devices, operating systems and biometrical algorithms can be easily installed. Furthermore, the platform is prepared for integration with cloud-based solutions. The company’s primary clients are international enterprises offering innovative solutions for workforce management and time and attendance control.
Company: Propter
Project name: Clash of Chefs World
Town: Alibunar
Industry: Gamification
Project value: EUR 90,450.00
IF participation: EUR 74,169.00
The team behind Propter from Alibunar is leveraging their rich gaming industry experience and developing a virtual reality game where players compete in food preparation in various cuisines. With new content and alternative gameplay modes, the company aims to position it on the market of family friendly VR games.
Company: Miracle Dojo
Project name: Karate Do
Town: Belgrade
Industry: Gamification
Project value: EUR 95,000.00
IF participation: EUR 80,000.00
The startup from Belgrade combines gaming expertise and world class karate athletes to develop a mobile game with champion karate athletes as playable heroes. Novel in-game combat mechanics will be developed to simulate real-life karate techniques and scoring.
Company: Aggios Europe
Project: Energy Management Software for Mobile and Embedded Devices
Project start: 01.09.2013
Duration: 12 months
Project budget: EUR 94,000
IF co-financing: EUR 79,700
Project manager: Vojin Živojnović
Operating in the field of ICT and Energy Efficiency and reinforced by its founder’s rich international experience, Aggios Europe developed a hardware management and low level run-time power optimization software for Android OS mobile and embedded devices. The company’s technology aims to allow for a more efficient use of a device’s battery by using information based on the user’s way of handling the device. Aggios has identified medium-sized mobile phone producers located in Japan, Taiwan, South Korea and China and their software suppliers from the EU and US as primary customers.
Company: Anoris Technology
Project name: Anora - Smart Glove for Blind People
Town: Belgrade
Industry: Internet of Things
Project value: EUR 94,340.00
IF participation: EUR 79,240.00
Anoris Technology from Belgrade is developing a multifunctional glove designed to help persons with impaired vision. By offering 8 functions available with one button click, this solution will serve as a wearable assistive device for everyday activities and enable its users to enjoy a higher quality of living.
Company: Advanced Security Technologies
Project: Website Anti Defacement Service
Project budget: EUR 102,110
IF co-financing: EUR 80,000
Project manager: Ivica Šapina
Project start: 01.09.2013
Duration: 12 months
The ICT start-up from Niš developed a solution for identifying and preventing unauthorized changes, or colloquially, defacement of websites. By utilizing a set of complementary measures to identify hacker attacks, as well as a system for alarming the user and reversing unauthorized changes and website security breaches, this software enables owners of high-risk webpages to combat this growing problem of the digital age. The solution is offered in the form of easily scalable Software as a Service (SaaS), thus ensuring absolute privacy and a high degree of security alongside a rapid post-attack recovery mechanism.
Company: Custom Cometics
Project name: Ink Cosmetics
Town: Čačak
Industry: Pharmaceutical
Project value: EUR 76,400.00
IF participation: EUR 64,940.00
Company from Čačak is combining knowledge in pharmaceutics and modern art to develop a new tattoo aftercare product. The formula's flexible polymer film follows the muscle dynamics and provides a layer of physical protection, but also enables controlled release of active components that improve skin healing.
Company: Biounik
Project: Application of a New Biostimulator in Corn Seed Processing
Project start: 01.09.2013
Duration: 12 months
Project budget: EUR 94,412
IF co-financing: EUR 80,000
Project manager: Uroš Đorđević
This spin-off company operating in the agricultural industry has developed a new type of biostimulator which improves germination and sprouting of corn seed. The foundation on which the innovative product was developed was built around a mix of useful bacteria with verified auxin activity. This biostimulator is offered to big seed houses and institutes for agricultural development, as well as small farmers looking to increase their gains and improve seed quality and plant health.
Company: Atfield Technologies
Project name: Winessense Sensor Node
Town: Bečej
Industry: Internet of Things
Project value: EUR 94,700.00
IF participation: EUR 80,000.00
Startup from Bečej is developing a new sensoring device for application in winegrowing. The solution contains AI-powered data processing capabilities which will help users prevent plant diseases and make timely decision on irrigation, ultimately increasing their yield and reducing losses.
Company: DNET
Project: AR App Genie
Project budget: EUR 100,000
IF co-financing: EUR 80,000
Project manager: Milan Đorđević
Project start: 01.09.2013
Duration: 12 months
The spin-off company DNET Inovacioni Centar from Novi Sad created a novel cloud-based solution that enables users to intuitively and easily create and export Augmented Reality applications for multiple mobile platforms and desktops. Their project „AR App Genie“ has two main components – a Software as a Service (SaaS) solution, which enables cross-platform application development, and a cloud-based back-end Platform as a Service (PaaS) solution, which enables deployment of developed applications. Primary users will be marketing agencies, retail chains, furniture and clothing stores, as well as individual applications developers.
Company: Eon Plus
Project: Software Application for Environmental Impact Assessment
Project budget: EUR 79,400
IF co-financing: EUR 67,488
Project manager: Vladimir Đurica
Project start: 01.09.2013
Duration: 12 months
Guided by the global need for a high-quality process for assessing environmental impact, Eon Plus has developed a new software web application which offers an efficient system of identifying environmental impact, as well as quantitative evaluation methodology and graphical analysis of results and automatic generation of reports in accordance with the legislative requirements. This software integrates all aspects and phases of environmental screening and assessment for various industries, while environmental experts enter project location and characteristics, following the necessary regulatory frameworks. Finally, the software calculates the relevant factors and provides an estimation of potential impacts, including a visual presentation of results, making the process more objective and systematic. The solution is designed primarily for the EU market, but its application can be global.
Company: Gorostas Game Studio
Project name: Cryptic Legends Mobile Game
Town: Belgrade
Industry: Software and application development
Project value: EUR 84,827.00
IF participation: EUR 70,827.00
This Belgrade-based startup is developing a mobile game inspired by characters from Slavic mythology, and powered by blockchain technology to ensure true ownership of in-game assets. Along with improved strategic and tactical elements, the game also includes collectables and trading hero features.
Company: Intens Net
Project: Intensify
Project budget: EUR 121,510
IF co-financing: EUR 80,000
Project manager: Svjetlana Azarić
Project start: 01.09.2013
Duration: 12 months
This ICT spin-off from Novi Sad has developed a software solution for event promotion, attracting and rewarding end user loyalty. It is designed for clients who provide services in the entertainment industry (cinemas, theaters, arenas, etc). The company’s „Intensify“ innovation is compatible with existing ticketing solutions and it connects the clients to the end users through a specially designed application for smart devices. This solution offers a high degree of customizability to the needs of both the clients and the app users (audience), and is intended for the global market.
Company: White Lemur
Project name: SOMA Bioworks Development of Biodegradable Alternatives to Plastic
Town: Belgrade
Industry: Multifunctional materials
Project value: EUR 93,287.50
IF participation: EUR 78,637.50
The team behind White Lemur is focused on applying their skills in the fields of new materials to address the issue of environmental pollution and renewable production. Their solution is new biodegradable material from agricultural waste, which aims to serve as an eco-friendly substitute for Styrofoam.
Company: Brainstorm
Project: KISS Menu – Mobile Ordering 2.0
Project budget: EUR 100,520
IF co-financing: EUR 80,000
Project manager: Janko Milunović
Project start: 01.09.2013
Duration: 12 months
Start-up company Brainstorm, consisting of young professionals educated in Belgium, developed „KISS Menu“ – a platform for ordering in bars and restaurants by using smartphones and NFC technology. Besides ordering, the system contains content-sharing options via social networks, while also offering service ratings, interaction between users, smartphone payment, as well as a personalized recommendation system for users. The company is pitching their solution on the international market to HoReCa clients, fast-food chains, and companies offering home delivery and loyalty programs.
Company: Spik Briket
Project: Low Calorie Coals Technological Treatment in Order to Obtain Cheap and High Caloric Coal Dust
Project budget: EUR 100,000
IF co-financing: EUR 80,000
Project manager: Milan Kostić
Project start: 01.09.2013
Duration: 12 months
Spik Briket developed a simple, safe and economical innovative solution for increasing caloric value of dried coal dust, while the rest of the substance is used for the production of lignite briquettes. The essence of “SPIK” technology lies in optimizing the cutting and drying process of coal, where caloric value is increased up to two times by using a special energy-efficient dehumidifying process. Main users of this technology will be energy systems with high quantity of coal dust waste, briquette producers and small producers of energy/heat which add coal dust into biomass.
Company: Cropt
Project name: Smart Sowing Strategy
Town: Novi Sad
Industry: Data Science and Analytics
Project value: EUR 89,160.00
IF participation: EUR 75,613.06
The ambitious startup from Novi Sad, powered by expertise from the Biosense Institute, is developing a new solution for smart planning of sowing. The solution is based on big data analytics and state-of-the-art algorithms with the aim to increase sustainability and decrease risk of agricultural production.
Company: Srma-Zip
Project: Optimization of the Agricultural Soil Cultivation by Innovative Break-through Concept: Combined Cultivating Machine, Second Generation CCM-2
Project budget: EUR 94,030
IF co-financing: EUR 79,925
Project manager: Stanko Mandić
Project start: 01.09.2013
Duration: 12 months
The start-up from Sivac (Kula) developed a new solution in the field of agricultural mechanization, in the form of an innovative soil cultivator prototype named CCM2. Using reversible ploughs, the machine is able to simultaneously carry out several processes – plowing, soil preparation, fertilizing, sowing and covering the furrow in only one field passage. This helps generate substantial energy savings and reduce CO2 emission. The machine is being offered to big and medium-sized agricultural enterprises and farms in Serbia, as well as on the international market.
Company: Starglass
Project: Development and Manufacturing of Multifunction Production Line for Bending, Tempering of Bent and Fusion of Glass
Project budget: EUR 79,380
IF co-financing: EUR 66,679
Project manager: Biserka Škrbić
Project start: 01.09.2013
Duration: 12 months
Starglass from Starčevo developed and manufactured a multifunctional production line which facilitates three technological processes of treating glass: bending, tempering and fusion. The new line is highly energy efficient due to specially positioned heaters and a custom cooling system. Producing glass of various radiuses and shapes can be done without changing any tools, thereby increasing productivity and requiring only one worker to operate the machine. The solution is suitable for both small and large producers of glass. The company plans to focus on exporting its machine to the international market.
Company: Timepad
Project: Timepad
Project budget: EUR 36,577
IF co-financing: EUR 30,877
Project manager: Veljko Vasić
Project start: 01.09.2013
Duration: 6 months
The eponymous project of the Belgrade-based company Timepad resulted in the development of a cloud system for tracking and monitoring employee working hours. By combining the client and server segment, a simple and efficient mechanism for controlling and tracking employee working hours was produced. The system is very easy to maintain and is applicable to both small and medium enterprises.
Company: Visoki Vakuum
Project: High Vacuum Pump
Project budget: EUR 94,070
IF co-financing: EUR 79,770
Project manager: Živoslav Milovanović
Project start: 01.09.2013
Duration: 12 months
The „High Vacuum Pump“ project, implemented by the company Visoki Vakuum from Velika Plana, resulted in the development and production of a multifunctional vacuum pump with characteristics and performance superior to current industrial standards. The pump’s potential application covers a broad spectrum of industries that require vacuumization, pressure creation and compression, while it can also be used for pumping out fluids. Also, the pump generates significant energy savings during use, involves lower manufacturing costs and has a much longer life cycle.
Company: 365ads
Project: Brides2bride
Project budget: EUR 90.420
IF co-financing: EUR 76.460
Project manager: Nikola Vučićević
Project start: 20.06.2014.
Duration: 12 months
Belgrade ICT start-up 365ads has developed the Brides2bride project – a new platform enabling ex brides to share their experience and help future brides organize theirs weddings. B2B connects different actors in the process – ex brides enter the world of wedding organization by recommending companies whose services they were satisfied with, future brides get free help in wedding organization and first-hand information, and companies get the best possible advertising – direct recommendation.
Company: COFA Games
Project: Awakening of Heroes
Project budget: EUR 99.500
IF co-financing: EUR 80.000
Project manager: Nikola Mitić
Project start: 20.06.2014.
Duration: 12 months
Gaming company COFA Games from Belgrade developed a new multiplayer action strategy video game titled Awakening of Heroes. The game is available on different operating systems and enables players to access the game on different devices, such as tablets, desktop computers or Oculus Rift VR Headset. The game can be played from any location and doesn’t require additional installation.
Company: Coprix Media
Project: Interactive the World Around Us
Project budget: EUR 99.500
IF co-financing: EUR 80.000
Project manager: Ana Koprić
Project start: 20.06.2014.
Duration: 12 months
Coprix Media has profiled itself into a specialized ICT-based education aid company, with their latest project (following Interactive spelling book and Interactive mathematics) being Interactive the world around us. The company developed an application for touch-sensitive devices (tablets, smart phones) which will offer a new game-based learning tool for pre- and primary school children.
Company: Eipix Entertainment
Project: Creating Worlds
Project budget: EUR 88.600
IF co-financing: EUR 70.880
Project manager: Igor Zarol
Project start: 20.06.2014.
Duration: 12 months
A young but rapidly growing company from Novi Sad developed a new free to play (F2P) video game which combines hidden object puzzle adventure (HOPA) play style with rich interactive content, set in a story driven environment. F2P is a very popular approach to modern gaming, represented in digital hybrid form and usually consisting of freemium, micro transactions, and a virtual economy.
Company: Ekofungi
Project: 21st Century Food
Project budget: EUR 86.930
IF co-financing: EUR 72.580
Project manager: Ivanka Milenković
Project start: 20.06.2014.
Duration: 12 months
Company Ekofungi developed a new mushroom growing technology, resulting in an increase in quality of the mushroom’s fruit body, and significant reduction of harmful compounds during the growth. Due to the absorption of various minerals from the substrate, this new type of mushrooms has a much higher nutritional value and contains no mycotoxins which are harmful to humans.
Company: Euro Cal
Project: Innovative Ultrasonic Heat Meters
Project budget: EUR 100.000
IF co-financing: EUR 80.000
Project manager: Stevan Petković
Project start: 20.06.2014.
Duration: 12 months
Euro Cal developed a new type of ultrasonic heat meters that will find application in chemical, processing, food, pharmaceutical, and various other industries. The company’s new product is manufactured in Serbia and offers several competitive characteristics: energy efficiency, increased functionality, high manufacturing quality and an affordable price compared to other ultrasonic heat meters already offered on the market.
Company: NovelIC
Project: RAVIP – Radar for Visually Impaired Persons
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 94.210
IF co-financing: EUR 79.710
Project manager: Darko Tasovac
Company NovelIC developed a new solution for helping people with visual impairments. The system embedded in a spectacle-shaped frame helps users to detect the distance and speed of objects in their near surroundings by using integrated radar sensors (60 GHz RF ASIC). This new solution also finds applications among people working in dark and foggy environments.
Company: NS Web Development
Project: Clinic in Cloud
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 93.100
IF co-financing: EUR 61.900
Project manager: Srđan Vukmirović
NS Web Development’s ICT project named “Clinic in cloud” represents a new business framework for patient and appointment management systems. Most important modules of the project are patient data and data security, appointment and insurance policy management, as well as advanced reports. This Software as a Service solution is designed for various clinics and the approach is to be piloted in Serbia before moving onto the international market.
Company: MAINFLUX LABS
Project: Mainflux IIoT System
City: Belgrade
Sector: ICT
Project budget: EUR 92.000
IF participation: EUR 78.170
Project start: 01.02.2018.
Duration: 12 months
The Mainflux Labs team aims to produce a full turn-key industrial Internet of Things system for developing Internet of Things solutions with distinctive operational efficiency, intelligent products and new value-added services across many industries. This novel system will enable lower costs, high data security, faster response times and real-time processing.
Company: Projektinženjering Tim
Project: Seismo-Safe 2G3-GOSEB Building System
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 94.000
IF co-financing: EUR 78.700
Project manager: Danilo Ristić
Throughout their project, the construction engineering company “Projektinženjering Tim” has developed an innovative system for seismic protection of buildings during earthquakes. The system is based on the company’s new GOSEB technology which enables efficient multi-level and multi-directional protection of entire buildings. Using special technical solutions, the system is designed to optimally disperse and reduce shock energy (forces) in all directions, as well as to adapt its own reaction features depending on the intensity of the earthquake. The company is planning to export the solution to various international markets.
Company: SWIFTTY
Project: SwiftBuild
City: Belgrade
Sector: Software and application development
Project budget: EUR 91.362
IF participation: EUR 77.618
Project start: 01.02.2018.
Duration: 12 months
The Belgrade startup is working on a new cloud-based service which allows conversion of PSD (graphic) files into editable HTML/CSS code in just 30 seconds, thus replacing up to 8 hours of manual coding per conversion and resulting in a responsive and fully functional web page. The service will be offered to web professionals and freelancer developers and designers, as well as large IT companies.
Company: Unitehna Alati
Project: Vine/Fruit Green Pruning Device
Project start: 20.06.2014.
Duration: 12 months
Project budget: EUR 94.300
IF co-financing: EUR 80.000
Project manager: Miroslav Milenković
“Unitehna Alati” from Kruševac has created a new, cost-efficient device for green pruning with improved characteristics in terms of optimal field of visibility, pruning accuracy and responsiveness to commands. The improvement was achieved by employing an innovative pneumatic controller system for the device, instead of relying on traditional hydraulic solutions. The device is easily adaptable to different models of tractors.
Company: TINO SPACE
Project: Tino Space
City: Belgrade
Sector: ICT
Project budget: EUR 69.374
IF participation: EUR 55.720
Project start: 01.03.2018.
Duration: 5 months
Tino Space is building an advertisement web platform powered by artificial intelligence, with a separately managed distribution channel displayed in Facebook messenger. The company’s new advertising format, called “chatame”, enables advertising businesses to attract customers through interactive “call to action” and helps them develop customized promotion packages.
Company: RALBING
Project: Implementation of Computational Intelligence in Foundries In Serbia – ICIFS
City: Belgrade
Sector: Electrical engineering
Project budget: EUR 78.800
IF participation: EUR 66.975
Project start: 01.03.2018.
Duration: 12 months
The engineering company Ralbing is applying computational intelligence techniques and modern software tools for design and virtual casting in order to optimize production processes in Serbian foundries. By leveraging neural network architecture and extensive casting simulations, this system will enable significant cost savings and improve the competitiveness of its users.
Company: SMART RESEARCH
Project: SmartBlot
City: Belgrade
Sector: Life sciences
Project budget: EUR 75.947
IF participation: EUR 64.554
Project start: 01.03.2018.
Duration: 12 months
The “SmartBlot” project pertains to the development of an automated “western blot” processing device with high capacity, low maintenance and minimum consumables for life science research laboratories. This innovative device will enable drastic savings in terms of chemical consumables required for the testing process and will also save hours of work for lab technicians and researchers per each sample tested.
Company: 3F FIT FABRICANDO FABER
Project: Motivate to Move (MOTIMOVE)
City: Belgrade
Sector: Medical and therapeutical devices
Project budget: EUR 95.030
IF participation: EUR 79.930
Project start: 01.02.2018.
Duration: 12 months
The project revolves around a modular and customizable neuromuscular assistive system for restoring diminished or lost motor functions in persons with disabilities. Using electrical stimulation, advanced hardware with intelligent adaptive control and a user-friendly operating program, 3F strives to enable people with disabilities to once again engage in activities such as pedaling, cycling and walking, and to improve their quality of living.
Company: SPICEFACTORY
Project: Sava Event Management Platform
City: Belgrade
Sector: Software and application development
Project budget: EUR 72.750
IF participation: EUR 61.765
Project start: 01.03.2018.
Duration: 6 months
SpiceFactory is developing an all-in-one event management and attendee engagement platform with contextual backend that keeps track of user behavior across different channels and adjusts the content that is offered to the user accordingly. Additionally, this platform will provide the attendees with a wide array of tools for interaction and access to information, as well as smart analytics and easy content updates for the organizers.
Company: PYGMY TITAN
Project: Embedded Mobile Application Platform
City: Belgrade
Sector: Software and application development
Project budget: EUR 90.472
IF participation: EUR 76.572
Project start: 01.03.2018.
Duration: 10 months
Pygmy Titan is developing a mobile computing platform based on smartphone technology, which will allow industrial customers to effectively and securely manage applications on hardware devices in the field, with the level of simplicity and intuitiveness expected from the smartphone ecosystem. The key customers are product manufacturers and industrial enterprises, as well as the retail and healthcare sectors.
Company: ALTFUTURE
Project: Derail Valley
City: Belgrade
Sector: Software and application development
Project budget: EUR 78.611
IF participation: EUR 66.819
Project start: 01.02.2018.
Duration: 12 months
This young company from Belgrade is developing a novel train simulation game that combines the concept of advanced Virtual Reality with the elements of physical interaction of the driver with the train control panel. The simulation brings realistic railway physics and derailment scenarios, immersive audio sensation and over 100km od living train ecosystem to its users, along with the multiplayer option.
Company: CCS SOLUTIONS
Project: Couch Coach
City: Belgrade
Sector: Software and application development
Project budget: EUR 97.072
IF participation: EUR 79.822
Project start: 16.03.2018.
Duration: 12 months
The startup company CCS Solutions is developing the first real-time basketball fantasy game on a cloud based platform with an innovative server side algorithm, quick processing and responsiveness, as well as high scalability which is achieved by using cutting edge software architecture. This software is aiming to cover every major global basketball event, both in national leagues and international team competitions.
Company: FUTURE REALITY SYSTEMS
Project: Arxitekt
City: Niš
Sector: Software and application development
Project budget: EUR 98.800
IF participation: EUR 79.800
Project start: 01.02.2018.
Duration: 12 months
The company from Niš is developing a multi-platform application for interior design based on the technology of Augmented and Virtual Reality with elements of Artificial Intelligence. This application will allow professional interior designers and enthusiasts to quickly and easily create their own sketches, convert them into 3D models and add their own desired furniture, which will be directly linked from the vendors with readily available items on the market.
Company: AIRPOP
Project: Development of Disposable EPS Products Multifunctional Handling Unit as EPS Molding Machine Extension
City: Aleksinac
Sector: Machines and mechanical engineering
Project budget: EUR 93.800
IF participation: EUR 79.728
Project start: 01.02.2018.
Duration: 12 months
The company from the city of Aleksinac is developing an innovative and energy efficient Expanded Polystyrene (EPS) machine which automatically collects the finished products from the production molds, performs high accuracy leak testing to ensure maximum quality compliance, and then transports them to the packing unit. This advanced machine will enable significant cost savings in terms of energy consumption, time required for leak testing, as well as testing accuracy.
Company: TEHNOLOGIJE BUDUĆNOSTI
Project: Surveillance and Communication System „Kvazar“
City: Subotica
Sector: ICT
Project budget: EUR 94.400
IF participation: EUR 80.000
Project start: 01.03.2018.
Duration: 12 months
This young company from the city of Subotica is developing an innovative surveillance and communications system called “Kvazar”, which will be used for prevention of theft and loss of fuel for transport companies. By using several safety mechanisms active within this system, the transport companies will easily monitor the fuel consumption, track the amount of fuel which the drivers buy and perform various types of data analytics which will help them optimize this segment.
Company: IMMERSIVE4
Project: Immersive4Learning
City: Novi Sad
Sector: ICT
Project budget: EUR 99.800
IF participation: EUR 79.800
Project start: 01.03.2018.
Duration: 12 months
This experienced multidisciplinary engineering team from Novi Sad is developing an intelligent platform based on Artificial Intelligence and a set of pedagogical models that will enable personalized learning processes in different virtual environments. Using this novel approach, the tutors can customize different aspects of the learning experience based on each student’s pre-existing knowledge and learning style in order to maximize training and education effectiveness and create high value curricula.
Company: HYPERWELDER
Project: Hyperwelder
City: Novi Sad
Sector: ICT
Project budget: EUR 100.941
IF participation: EUR 79.996
Project start: 01.03.2018.
Duration: 12 months
By using the latest gaming technology and bringing a disruptive approach to the process of welding training, the startup company from Novi Sad is developing a unique and high quality virtual reality training with innovative quantification and evaluation of the welder trainee learning curve. The environment created by this platform will replicate various working situations with a high level of fidelity by combining room scale VR systems with real items and tactile sensation factors.
Company: BIZBAZ
Project: Innovative Plush Toys with Natural Beeswax
City: Požarevac
Sector: New materials and nano-technologies
Project budget: EUR 92.020
IF participation: EUR 76.517
Project start: 01.03.2018.
Duration: 12 months
The company from the city of Požarevac is designing and producing innovative plush toy with a new, completely natural inner layer made out of beeswax that has antibacterial, anti-inflammatory and pain relief effects. This inner layer is created through a specific production process which enables the toys to change shape and at the same time be durable and perfectly safe for younglings to play with.
Company: ULTIMO GRAĐEVINSKA HEMIJA
Project: Development of New Materials for Prefabricated Concrete Elements for Building Construction in Tropical Climatic Conditions
City: Beograd
Sector: Construction and civil engineering
Project budget: EUR 89.200
IF participation: EUR 74.200
Project start: 01.03.2018.
Duration: 12 months
Ultimo’s company team consisting of University professors and experienced engineers is developing high-performance concrete mixtures for casting and assembling elements for prefabricated affordable housing in tropical conditions. Using this technological process, the company will be able to create materials and building blocks which will offer higher strength, lower weight and increased durability.
Company: PUBLITIO
Project: Publitio API
City: Zrenjanin
Sector: Software and application development
Project budget: EUR 94.040
IF participation: EUR 80.000
Project start: 01.02.2018.
Duration: 12 months
Start-up from the city of Zrenjanin is developing an innovative software platform as a service (PaaS) which offers web and mobile publishers a powerful tool for ingesting, automating and distributing various audio, video and image materials, with the integrated conversion ability for different formats.
Company: SOLAGRO SMART RECYCLING
Project: Solagro Smart Recycler 2.0
City: Kraljevo
Sector: Enviromental and climate protection
Project budget: EUR 72.356
IF participation: EUR 61.501
Project start: 01.02.2018.
Duration: 12 months
This young company from Kraljevo is developing an improved mobile recycling machine for public use that offers an enhanced crushing mechanism (up to 90% compression) with innovative control and advanced waste analytics, as well as modern interface solutions that provide game-like interactions with users in order to stimulate recycling and receive various awards.
Company: VEMID
Project: New Forged-Quality Al/Cu Bimetallic Electrical Connectors
City: Jagodina
Sector: Machines and mechanical engineering
Project budget: EUR 60.092
IF participation: EUR 51.078
Project start: 01.03.2018.
Duration: 12 months
This start-up company from Jagodina is already active in the field of producing AL/Cu connectors for the power industry, and the goal of their project is to develop a brand new cost-effective production process for a new type of AL/Cu connectors that combines friction welding and open-die forging technologies, in order to ultimately create high quality products with significant time and cost savings.
Company: FOOD GROUP MSP
Project name: Modulation of cooling
Town: Bač
Industry: Energy efficiency
Project value: EUR 79,560
IF participation: EUR 67,260
Project start: 1.11.2018.
Duration: 12 months
Food Group MSP from Bač is developing a new concept of cooling by evaporation for small and medium-sized cooling installations. Using an innovative dual-system approach, this solution contributes to significant energy savings, reduces maintenance costs, prolongs the life span of refrigeration units and has a positive impact on environmental protection.
Company: CLEVER
Projekat: Pausal
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 98,360
IF participation: EUR 78,492
Project start: 15.11.2018.
Duration: 12 months
Clever is developing a web application that is also compatible with Android or IOS systems with the intention to significantly save time for small businesses by simplifying their daily business processes. Through the automation of repetitive activities, the system is designed to respond to the most common needs of an entrepreneur.
Company: BOX SYSTEM
Project name: WooBox
Town: Vršac
Industry: Mechanical engineering
Project value: EUR 90,307
IF participation: EUR 76,760
Project start: 1.12.2018.
Duration: 12 months
This startup from Vršac is creating an innovative solution for transporting of fresh goods and foods. The new transport container is made exclusively from natural materials, and is an alternative to Styrofoam products. In addition to decreasing the potential contamination of contents, negative environmental impacts are completely minimized, both in the production process and in the final disposal of the product.
Company: SVEZDRAV REŠENjA
Project name: Heart Care Platform
Town: Klenje, Bogatić
Industry: Information and communication technologies
Project value: EUR 92,420
IF participation: EUR 78,520
Project start: 1.12.2018.
Duration: 12 months
Svezdrav Rešenja is developing an innovative solution for recording ECG, collecting and analyzing big data that will have its use in determining overall heart conditions and its level of stress, while allowing for monitoring, tracking and consulting of users. The system seeks to convert biomedical signals into an audio signal, analyzes this signal in real time and provides efficient management of collected data.
Company: INNSONO
Projekat: SONO360– smart audio interface
Town: Niš
Industry: Information and communication technologies
Project value: EUR 94,056
IF participation: EUR 79,947
Project start: 1.12.2018.
Duration: 12 months
The goal of the Sono360 project is to develop an integrated Smart Audio Interface solution, capable of receiving, localizing and recognizing sounds from the entire 360-degree sound space. The specific features of the new solution make it possible to customize the templates for recording, improve its quality, enable sound detection and recognition of their source, and allows for connection with smart home systems.
Company: PWNRS
Project name: Football Clash Arena
Town: Belgrade
Industry: Software and application development
Project value: EUR 93,104
IF participation: EUR 79,104
Project start: 1.11.2018.
Duration: 12 months
PWNRS is working on a new turn-based football strategy game with a specific concept for various types of platforms and devices, which rewards players through complex decision-making, intuitive gameplay and a vibrant in-game economy. The unique serverless infrastructure behind it allows for high product scalability, with low cost pricing.
Company: URBIGO
Project name: Green Cube – smart indoor garden
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 94,102
IF participation: EUR 79,987
Project start: 15.10.2018.
Duration: 12 months
UrbiGo is developing a new system for cultivating organic plants and mini-vegetables in urban home conditions throughout the year. By connecting the device through a mobile application, this solution enables remote control and provides the end-user with educational content and essential information for successful cultivation of healthy food.
Company: HEARTPAL TECH
Projekat: KardioPal
Town: Belgrade
Industry: Medical and terapeutic devices
Project value: EUR 100.980
IF participation: EUR 79.980
Project start: 15.11.2018.
Duration: 12 months
Heartpal Tech company from Belgrade is developing an innovative solution for rapid diagnosis of health conditions leading to a heart attack in order to help patients receive timely treatment, which is the most crucial factor for saving lives in medical emergencies of this type. The solution consists of a patent-protected diagnostic device that can be easily used by patients and a diagnostic center.
Company: INFORM TECHNOLOGIES
Project name: Swan – compact document and book scanner
Town: Novi Sad
Industry: Information and communication technologies
Project value: EUR 89,160
IF participation: EUR 75,270
Project start: 15.10.2018.
Duration: 12 months
This startup from Novi Sad is building an innovative compact scanner for digitizing and archiving books and documentation. The team’s improved software solution and V-shaped design specificity provide significant benefit to end-users, especially when it comes to speed and ease of scanning already connected material.
Company: PULCAP
Project name: Control of poultry red mite by a mixture of inert oils
Town: Belgrade
Industry: Science
Project value: EUR 101,210
IF participation: EUR 80,000
Project start: 15.11.2018.
Duration: 12 months
Pulcap employs an innovative approach to creating oil-based products for controlling and eradicating red mites in poultry farming. This new product will meet the highest industrial standards without any negative effect on the hens or production of eggs, while generating significant savings for the farms by reducing the number of hen fatalities caused by the red mite parasites. The product will also be environmentally friendly.
Company: KOV TECHNOLOGY
Project name: Vozzi mobile application
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 91,889
IF participation: EUR 72,689
Project start: 15.10.2018.
Duration: 12 months
With the development of their new mobile solution, Kov Technology plans to digitize and modernize the South-Eastern European market for roadside assistance services. Using this app, users will be able to quickly connect to the closest vehicle service providers if they experience car issues while on the road, thus enabling faster services at a lower price.
Company: GLASS SLIPPER
Project name: The Glass Slipper
Town: Belgrade
Industry: Other industrial branches/ Design and production of footwear
Project value: EUR 104,790
IF participation: EUR 80,000
Project start: 1.11.2018.
Duration: 6 months
The internationally composed team behind this company is creating a new line of women’s shoes with a specific modular design to allow for easy and quick change of high heels. The new shoe model will offer a high level of comfort with a very thin structure, the ability to change the shape and height of the heels, and the possibility of redesigning and restoring the shoe, if necessary.
Company: PERUN TECHNOLOGIES
Project name: PUMA – Power Universal Management Agent
Town: Novi Sad
Industry: Energy efficiency
Project value: EUR 84,100
IF participation: EUR 71,475
Project start: 1.02.2019.
Duration: 12 months
Perun Technologies is developing an efficient and sustainable energy router solution for controlling electric energy consumption in one or between multiple households and allowing for peer-to-peer power sharing and storage. Using this rapid-response router, users will be able to control the flow of electricity in accordance with their needs and leverage the device’s interoperability and service-providing abilities to create additional value.