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