Financed projects
On these pages, innovative projects funded by the Innovation Fund were presented.
Learn moreCompany: MDM
Project name: MDM Fleet Management
Town: Belgrade
Industry: ICT
Project value: EUR 111,204
IF participation: EUR 77,842
MDM Fleet Management is a software solution that helps companies get control over their fleet and delivery processes in order to run more efficient operations with optimized maintenance and logistics.
Company: Artin
Project name: Automatic diagnosis platform for the rectal cancer T-staging
Town: Belgrade
Industry: ICT
Project value: EUR 107,400
IF participation: EUR 74,600
Automatic diagnosis software for T- staging of the rectal cancer using artificial intelligence. The results of this project will help clinical processes, in diagnosis, research, staging, treatment, and prognosis evaluation of the rectal cancer.
Company: Mediwater
Project name: Compact Water Treatment For Endoscopy Reprocessing
Town: Belgrade
Industry: Environmental science
Project value: EUR 112,825
IF participation: EUR 77,525
Development of the innovative Reverse Osmosis system for universal use with Automated Endoscope Reprocessors. Easy to use, plug and play water treatment system that can be used by anyone. The Reverse Osmosis water purification systems supply purified water for AERs.
Company: OROOK
Project name: Orook mobile platform
Town: Belgrade
Industry: ICT
Project value: EUR 116,000
IF participation: EUR 80,000
OROOK’s solution is a specialized online platform for recruitments in the AEC industry, that increase efficiency and upscaling employment opportunities. It eliminates 80% of recruitment costs, and reduces process duration by over 90% by enabling real-time, interactive ranking of professionals who are the best fit for an advertised position.
Company: Localizely
Project name: Localizely
Town: Belgrade
Industry: ICT
Project value: EUR 95,259
IF participation: EUR 65,259
Localizely is a cloud platform that streamlines translation work for software products that target multilingual markets. Streamlining translations management for multilingual software-products.
Company: Charge&GO
Project name: Platform and mobile app for electric vehicle charging
Town: Belgrade
Industry: Machines and mechanical engineering
Project value: EUR 1129,400
IF participation: EUR 80,000
Charge&Go is a platform with a mobile app that connects all parties which participate in the process of electric vehicle charging – from drivers to charging station owners and operators – facilitating simple management and scheduling of charging processes, as well as payment and invoicing.
Company: SMART WATERING SOLUTIONS
Project name: Smart Watering
Town: Novi Sad
Industry: ICT
Project value: EUR 108,960
IF participation: EUR 75,460
Smart Watering enables smart & hustle-free irrigation using a device in the field and mobile application. It helps growers make better decisions about irrigation and do the process remotely.
Company: Sotex MS
Project name: Agro Guide
Town: Novi Sad
Industry: Artificial intelligence
Project value: EUR 116,550
IF participation: EUR 79,850
Enhance the existing platform for agriculture that is being used by 220,000 people yearly with the AI-powered expert system capable of providing advice/solutions for the treatment of common problems.
Company: ITS42
Project name: Ivoy
Town: Belgrade
Industry: ICT
Project value: EUR 115,440
IF participation: EUR 80,000
A platform for private jet booking and sharing which provides customers and aviation companies with more affordable and efficient service.
Company: IDILA-TV
Project name: Interactive TV middleware for DIstance LeArning (IDILA-TV)
Town: Novi Sad
Industry: ICT
Project value: EUR 115,100
IF participation: EUR 79,600
Application for telecom operators, supporting seamless interactive education experience alongside IPTV, broadcast TV and existing online classroom solutions.
Company: Motion Ops
Project name: Motion Ops
Town: Niš
Industry: ICT
Project value: EUR 119,390
IF participation: EUR 79,990
Motion Ops is an online platform that enables Home-Service Businesses to manage their Workforce, Projects, and Profitability with minimal effort, while they’re on the go.
Company: ATG Innovations
Project name: Supreme Heat Exchanger
Town: Šabac
Industry: Energy and energy efficiency
Project value: EUR 104,128
IF participation: EUR 72,878
Supreme Heat Exchanger is a technology that was designed and envisioned for safer and greener environment in the form of highly efficient, compact and economical heat exchanging cores.
Company: Plainly
Project name: Plainly
Town: Novi Sad
Industry: ICT
Project value: EUR 112,370
IF participation: EUR 77,370
Plainly develop software for automate automation the video generation process, providing automated workflows for the users.
Company: Totema Tim
Project name: RecOne
Town: Belgrade
Industry: ICT
Project value: EUR 134,720
IF participation: EUR 80,000
RecOne is a holistic solution for contemporary recruitment needs of high-growth companies - from candidate outreach and tracking to detailed reports.
Company: Hivemind
Project name: HERMES - A personalized and adaptable functional electrostimulation device for rehabilitation and restoration of function in foot drop syndrome
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 111,600
IF participation: EUR 78,109
Development of an affordable, personalized and adaptable wearable device to treat foot drop syndrome.
Company: TRAKEN TECH
Project name: TRAKEN
Town: Belgrade
Industry: Electrical engineering
Project value: EUR 114,000
IF participation: EUR 79,500
TRAKEN is a data tracking, management and exploitation tool for smart electrical grids, that provides a distributed ledger to manage metering records, track physical objects and transfer value without a third party or manual reconciliation.
Company: Ydrive AI
Project name: 3D Digital Twin
Town: Belgrade
Industry: ICT
Project value: EUR 117,720
IF participation: EUR 77,720
First to offer a low cost, world scale, 3D digital twin service, created using just smartphones and an AI powered cloud pipeline. Initial piloting of digital twins will be done as 3D maps for delivery and rideshare.
Company: MD SOURCING
Project name: Waterproofing building materials innovation development
Town: Belgrade
Industry: Civil engineering and construction materials
Project value: EUR 114,500
IF participation: EUR 79,700
Development of innovative waterproofing materials aiming to effectively protect buildings from negative effects of moisture, as well as products that would be used in places that serve to collect water and its further use (tanks, etc.).
Company: B-FRESH Technologies
Project name: B-FRESH spray for active packaging of fresh food
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 79,984
IF participation: EUR 55,986
Development of innovative B-Fresh spray for packaging materials that extends shelf life of fresh fruits and vegetables.
Company: Inclusio
Project name: Inclusio
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 114,900
IF participation: EUR 79,300
Inclusio is a system for disabled people that they can use when independently visiting banks, markets, and similar objects, to call an employee for assistance before reaching barriers like stairs, rotating doors, large crowds, etc.
Company: Phobos
Project name: Firstborns: Survivor Royale
Town: Belgrade
Industry: Gamification
Project value: EUR 120,000
IF participation: EUR 80,000
Production and launch of a multiplayer video game with innovative gameplay that solves asymmetric skill levels between players while still being rewarding and entertaining.
Company: FLOW
Project name: Innovative Plant for Plant-based Milk Production
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 116,200
IF participation: EUR 80,000
Establishment of plant for plant-based milk production in Serbia which uses innovative, modular, flexible zero waste technology.
Company: Anyservice
Project name: Any Service
Town: Niš
Industry: ICT
Project value: EUR 114,950
IF participation: EUR 79,990
AnyService is a platform that creates a clearly defined system in the gig economy which coordinates the business relations between the users and protects the interests of both sides.
Company: Colsia
Project name: Colsia
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 75,800
IF participation: EUR 50,800
Colsia is a digital, vacuum operated device, for clean insertion and removal of all types of contact lens, without the need for the user to ever touch their eyes or contact lenses with their fingers.
Company: SavAntiVir
Project name: New antiviral agent
Town: Belgrade
Industry: Life Sciences
Project value: EUR 115,200
IF participation: EUR 80,000
Further development of the new antiviral agent for protection against enveloped viruses (HIV, HSV-1, HSV-2, SARS-CoV-2, Influenza).
Company: Deus Crispbread
Project name: Deus Crispbread
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 74,520
IF participation: EUR 50,520
Unique Crispy bread and whole grain oat/rye certified for the foreign market.
Company: Terra Core Technologies
Project name: TerraCore Banking Information System
Town: Belgrade
Industry: ICT
Project value: EUR 133,920
IF participation: EUR 80,000
TerraCore BIS (Banking Information System) is a unique white-label solution designed for banks and fintech businesses that want to seamlessly transition into digital.
Company: Capsule Game Studio
Project name: Ludo The Awakening
Town: Belgrade
Industry: Gamification
Project value: EUR 113,250
IF participation: EUR 78,885
Capsule Game Studio creates its framework with Artificial intelligence and machine learning for creating new mobile games. The first game made with this framework will be the strategy game Ludo The Awakening, a 3D game for Android and iOS. The game has improved game mechanics and visual elements, enabling users to develop tactical thinking.
Company: MDM
Project name: MDM Fleet Management
Town: Belgrade
Industry: ICT
Project value: EUR 111,204
IF participation: EUR 77,842
MDM Fleet Management is a software solution that helps companies get control over their fleet and delivery processes in order to run more efficient operations with optimized maintenance and logistics.
Company: Artin
Project name: Automatic diagnosis platform for the rectal cancer T-staging
Town: Belgrade
Industry: ICT
Project value: EUR 107,400
IF participation: EUR 74,600
Automatic diagnosis software for T- staging of the rectal cancer using artificial intelligence. The results of this project will help clinical processes, in diagnosis, research, staging, treatment, and prognosis evaluation of the rectal cancer.
Company: Mediwater
Project name: Compact Water Treatment For Endoscopy Reprocessing
Town: Belgrade
Industry: Environmental science
Project value: EUR 112,825
IF participation: EUR 77,525
Development of the innovative Reverse Osmosis system for universal use with Automated Endoscope Reprocessors. Easy to use, plug and play water treatment system that can be used by anyone. The Reverse Osmosis water purification systems supply purified water for AERs.
Company: OROOK
Project name: Orook mobile platform
Town: Belgrade
Industry: ICT
Project value: EUR 116,000
IF participation: EUR 80,000
OROOK’s solution is a specialized online platform for recruitments in the AEC industry, that increase efficiency and upscaling employment opportunities. It eliminates 80% of recruitment costs, and reduces process duration by over 90% by enabling real-time, interactive ranking of professionals who are the best fit for an advertised position.
Company: Localizely
Project name: Localizely
Town: Belgrade
Industry: ICT
Project value: EUR 95,259
IF participation: EUR 65,259
Localizely is a cloud platform that streamlines translation work for software products that target multilingual markets. Streamlining translations management for multilingual software-products.
Company: Charge&GO
Project name: Platform and mobile app for electric vehicle charging
Town: Belgrade
Industry: Machines and mechanical engineering
Project value: EUR 1129,400
IF participation: EUR 80,000
Charge&Go is a platform with a mobile app that connects all parties which participate in the process of electric vehicle charging – from drivers to charging station owners and operators – facilitating simple management and scheduling of charging processes, as well as payment and invoicing.
Company: SMART WATERING SOLUTIONS
Project name: Smart Watering
Town: Novi Sad
Industry: ICT
Project value: EUR 108,960
IF participation: EUR 75,460
Smart Watering enables smart & hustle-free irrigation using a device in the field and mobile application. It helps growers make better decisions about irrigation and do the process remotely.
Company: Sotex MS
Project name: Agro Guide
Town: Novi Sad
Industry: Artificial intelligence
Project value: EUR 116,550
IF participation: EUR 79,850
Enhance the existing platform for agriculture that is being used by 220,000 people yearly with the AI-powered expert system capable of providing advice/solutions for the treatment of common problems.
Company: ITS42
Project name: Ivoy
Town: Belgrade
Industry: ICT
Project value: EUR 115,440
IF participation: EUR 80,000
A platform for private jet booking and sharing which provides customers and aviation companies with more affordable and efficient service.
Company: IDILA-TV
Project name: Interactive TV middleware for DIstance LeArning (IDILA-TV)
Town: Novi Sad
Industry: ICT
Project value: EUR 115,100
IF participation: EUR 79,600
Application for telecom operators, supporting seamless interactive education experience alongside IPTV, broadcast TV and existing online classroom solutions.
Company: Motion Ops
Project name: Motion Ops
Town: Niš
Industry: ICT
Project value: EUR 119,390
IF participation: EUR 79,990
Motion Ops is an online platform that enables Home-Service Businesses to manage their Workforce, Projects, and Profitability with minimal effort, while they’re on the go.
Company: ATG Innovations
Project name: Supreme Heat Exchanger
Town: Šabac
Industry: Energy and energy efficiency
Project value: EUR 104,128
IF participation: EUR 72,878
Supreme Heat Exchanger is a technology that was designed and envisioned for safer and greener environment in the form of highly efficient, compact and economical heat exchanging cores.
Company: Plainly
Project name: Plainly
Town: Novi Sad
Industry: ICT
Project value: EUR 112,370
IF participation: EUR 77,370
Plainly develop software for automate automation the video generation process, providing automated workflows for the users.
Company: Totema Tim
Project name: RecOne
Town: Belgrade
Industry: ICT
Project value: EUR 134,720
IF participation: EUR 80,000
RecOne is a holistic solution for contemporary recruitment needs of high-growth companies - from candidate outreach and tracking to detailed reports.
Company: Hivemind
Project name: HERMES - A personalized and adaptable functional electrostimulation device for rehabilitation and restoration of function in foot drop syndrome
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 111,600
IF participation: EUR 78,109
Development of an affordable, personalized and adaptable wearable device to treat foot drop syndrome.
Company: TRAKEN TECH
Project name: TRAKEN
Town: Belgrade
Industry: Electrical engineering
Project value: EUR 114,000
IF participation: EUR 79,500
TRAKEN is a data tracking, management and exploitation tool for smart electrical grids, that provides a distributed ledger to manage metering records, track physical objects and transfer value without a third party or manual reconciliation.
Company: Ydrive AI
Project name: 3D Digital Twin
Town: Belgrade
Industry: ICT
Project value: EUR 117,720
IF participation: EUR 77,720
First to offer a low cost, world scale, 3D digital twin service, created using just smartphones and an AI powered cloud pipeline. Initial piloting of digital twins will be done as 3D maps for delivery and rideshare.
Company: MD SOURCING
Project name: Waterproofing building materials innovation development
Town: Belgrade
Industry: Civil engineering and construction materials
Project value: EUR 114,500
IF participation: EUR 79,700
Development of innovative waterproofing materials aiming to effectively protect buildings from negative effects of moisture, as well as products that would be used in places that serve to collect water and its further use (tanks, etc.).
Company: B-FRESH Technologies
Project name: B-FRESH spray for active packaging of fresh food
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 79,984
IF participation: EUR 55,986
Development of innovative B-Fresh spray for packaging materials that extends shelf life of fresh fruits and vegetables.
Company: Inclusio
Project name: Inclusio
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 114,900
IF participation: EUR 79,300
Inclusio is a system for disabled people that they can use when independently visiting banks, markets, and similar objects, to call an employee for assistance before reaching barriers like stairs, rotating doors, large crowds, etc.
Company: Phobos
Project name: Firstborns: Survivor Royale
Town: Belgrade
Industry: Gamification
Project value: EUR 120,000
IF participation: EUR 80,000
Production and launch of a multiplayer video game with innovative gameplay that solves asymmetric skill levels between players while still being rewarding and entertaining.
Company: FLOW
Project name: Innovative Plant for Plant-based Milk Production
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 116,200
IF participation: EUR 80,000
Establishment of plant for plant-based milk production in Serbia which uses innovative, modular, flexible zero waste technology.
Company: Anyservice
Project name: Any Service
Town: Niš
Industry: ICT
Project value: EUR 114,950
IF participation: EUR 79,990
AnyService is a platform that creates a clearly defined system in the gig economy which coordinates the business relations between the users and protects the interests of both sides.
Company: Colsia
Project name: Colsia
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 75,800
IF participation: EUR 50,800
Colsia is a digital, vacuum operated device, for clean insertion and removal of all types of contact lens, without the need for the user to ever touch their eyes or contact lenses with their fingers.
Company: SavAntiVir
Project name: New antiviral agent
Town: Belgrade
Industry: Life Sciences
Project value: EUR 115,200
IF participation: EUR 80,000
Further development of the new antiviral agent for protection against enveloped viruses (HIV, HSV-1, HSV-2, SARS-CoV-2, Influenza).
Company: Deus Crispbread
Project name: Deus Crispbread
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 74,520
IF participation: EUR 50,520
Unique Crispy bread and whole grain oat/rye certified for the foreign market.
Company: Terra Core Technologies
Project name: TerraCore Banking Information System
Town: Belgrade
Industry: ICT
Project value: EUR 133,920
IF participation: EUR 80,000
TerraCore BIS (Banking Information System) is a unique white-label solution designed for banks and fintech businesses that want to seamlessly transition into digital.
Company: Capsule Game Studio
Project name: Ludo The Awakening
Town: Belgrade
Industry: Gamification
Project value: EUR 113,250
IF participation: EUR 78,885
Capsule Game Studio creates its framework with Artificial intelligence and machine learning for creating new mobile games. The first game made with this framework will be the strategy game Ludo The Awakening, a 3D game for Android and iOS. The game has improved game mechanics and visual elements, enabling users to develop tactical thinking.