Financed projects
On these pages, innovative projects funded by the Innovation Fund were presented.
Learn moreCompany: 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: 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: 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: 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: 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: 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.