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: COMPOSITE TECHNOLOGY TEAM
Project name: NT161 – Unmanned Aerial System
Town: Belgrade
Industry: Mechanical engineering
Project value: EUR 428,052
IF participation: EUR 299,624
Project start: 15.11.2018.
Duration: 24 months
The unmanned aerial system developed by Composite Technology Team is designed to cover a wide range of operations, from data collection, through surveillance, to scientific missions. The new, aerodynamic shape of the aircraft provides the highest performance in terms of flying and air stability, while the vehicle’s simple deployment and integration with various add-ons is achieved through a specific modular construction.
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: Seemagination
Project name: See For Yourself
Town: Belgrade
Industry: ICT 114,285
Project value: EUR
IF participation: EUR 80,000
Young company Seemagination is developing an intuitive augmented reality mobile application for companies that produce paints and wallpapers that want to allow their customers to visualize different colors for walls, wallpaper, facade tiles, and more in their living space using their smartphones.
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: Kampster
Project name: Campster AI tutor application
Town: Belgrade
Industry: ICT
Project value: EUR 115,308
IF participation: EUR 79,308
Startup Campster from Belgrade is developing a mobile tutoring application (virtual learning assistant) with artificial intelligence that will contain specialized models of interactive learning, which solves the problem of motivation for online learning.
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: Miracle Dojo
Project name: MGamification
Town: Belgrade
Industry: Gamification
Project value: EUR 115,000
IF participation: EUR 80,000
Miracle Dojo creates аn environment for the development of mobile games and gamification of products based on celebrities and influential people, as well as corporate brands.
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: TalentKit
Project name: TalentKit
Town: Belgrade
Industry: ICT
Project value: EUR 105,729
IF participation: EUR 73,829
Startup TalentKit is developing a platform to help HR departments issue, track and review take-home challenges. It makes skill assessments more efficient for employers, and fairer towards the candidates.
Company: ThinkBIG Medic
Project name: Commercialization of the custom made, 3D printed casts
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 198,896
IF participation: EUR 80,000
The company ThinkBIG Medic from Belgrade offers a special technology of production of customized, personalized, 3D printed medical plasters that will reach a wide market through medical systems with the aim of providing better care and treatment to as many users as possible.
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: Natura Eco
Project name: 3DCP
Town: Čačak
Industry: Machines and mechanical engineering
Project value: EUR 120,000
IF participation: EUR 80,000
Natura Eco develops innovative multifunctioning printers, materials, software and processes that enable a faster, cleaner, safer and more economical construction industry.
Company: Kagera
Project name: PyHAZOP- Dynamic Technology
Town: Vladimirci
Industry: ICT
Project value: EUR 114,000
IF participation: EUR 79,650
Kagera Startup offers a PyHAZOP ML-powered software platform, that helps Oil & Gas and Petrochemical Managers minimize downtime, prevent risk and maximize safety.
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: DigitaLLeather
Project name: Workstation for detection of defects on leather cut-parts
Town: Kragujevac
Industry: Machines and mechanical engineering
Project value: EUR 106,960
IF participation: EUR 73,960
DigitaLLeather offers а workstation that utilizes artificial intelligence algorithms to improve the performances of quality control operators in visual detecting defects in the leather industry.
Company: Carvisor Technologies Team
Project name: Carvisor Technologies
Town: Belgrade
Industry: ICT
Project value: EUR 114,030
IF participation: EUR 79,821
Carvisor Technologies team is developing аn online car valuation and market data processing platform, offering reliable car market price estimates and in-depth market analytics using advanced Machine Learning technologies.
Company: Valuator
Project name: Valuator
Town: Belgrade
Industry: ICT
Project value: EUR 109,497
IF participation: EUR 76,647
Belgrade startup developing а software solution that enables companies to communicate clearly and directly with existing and new suppliers in order to achieve the best offer and save money and time and provides owners and management with insight, analytics and report on all parameters in procurement processes.
Company: BioCombact
Project name: Smart Bio Fertilizer
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 115,715
IF participation: EUR 79,915
BioCombact is engaged in creating an innovative blend of microbial and mineral components that significantly increases the conversion rate and yield of different crops in various types of soil, thus improving the overall production and sustainability of arable and organic farming.
Company: CINESSEUM
Project name: CINESSEUM
Town: Belgrade
Industry: ICT
Project value: EUR 105,984
IF participation: EUR 73,984
Cinesseum offers a movie streaming platform that legally distributes content from the ex-YU countries in the diaspora to popularize ex-YU movies and TV series worldwide.
Company: White Lemur
Project name: Eco-friendly Production of Biocompatible Versatile Biomedical Nanomaterials from Mushroom Production Waste – SOMA nanoWORKS
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 106,420
IF participation: EUR 74,487
White Lemur offers a scalable methodology for ecological production of chitin and chitosan from mushroom production waste and adaptation of this technology to smart production.
Company: DokTok
Project name: Doktok
Town: Belgrade
Industry: ICT
Project value: EUR 147,152
IF participation: EUR 80,000
DokTok offers a telemedicine solution that provides fast and easy, but high-quality medical and psychological consultations with experts, relieves the health-care system and improves primary health-care, making it available to everyone equally.
Company: Super Protect
Project name: Antimicrobial aluminum foil for food packaging and other applications
Town: Čačak
Industry: ICT
Project value: EUR 134,900
IF participation: EUR 79,460
Super Protect is developing new aluminum foil products with antimicrobial coating.
Company: NewCo One
Project name: SCAR-Smart Construction Augmented Reality
Town: Belgrade
Industry: Civil engineering and construction materials
Project value: EUR 114,222
IF participation: EUR 80,000
NewCo One offers an augmented reality hardware-software solution designed to improve communication, track progress, scan and troubleshoot construction industry projects.
Company: Atavola
Project name: aTavola
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 107,400
IF participation: EUR 73,400
Startup Atavola is developing an analytics platform for restaurant guests, based on computer vision technology, for improving and optimizing the overall business and efficiency of the restaurant.
Company: VizLore Digital Asset Management
Project name: VizLore AI Digital Asset Management - Vladam
Town: Novi Sad
Industry: Artificial intelligence
Project value: EUR 22,091
IF participation: EUR 9,550
VizLore Digital Asset Management is developing an automated AI-based cryptocurrency trading solution.
Company: Publitio
Project name: Publitio Enterprise
Town: Zrenjanin
Industry: ICT
Project value: EUR 110,400
IF participation: EUR 77,280
Publitio is developing a software solution for uploading, storing, processing, delivering, and administering media files, which allows business clients to retain complete control and ownership of their data and core infrastructure.
Company: Skinnovate
Project name: No more… red skin
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 115,193
IF participation: EUR 79,793
Highly efficient topical eczema treatment that gives the same healing effect as products with corticosteroids, without side effects and without time limits in the length of use. The product contains seven active compounds that act on all possible eczema causes.
Company: Beehold
Project name: Beehold
Town: Niš
Industry: ICT
Project value: EUR 115,420
IF participation: EUR 79,970
Company Beehold offers a hardware and software solution for beekeepers that, with the help of artificial intelligence, enables real-time tracking of bees, digitizes the process of inspecting hives and provides precise information and tips for improving the status of the colony.
Company: Mad Mage Games
Project name: Fantasy Engine
Town: Belgrade
Industry: ICT
Project value: EUR 114,000
IF participation: EUR 80,000
Belgrade startup is developing the platform for creating digital space and tools for crafting multiplayer FRP games, that allow players to roleplay and create stories through a 3D digital medium.
Company: AI SOFTWARE
Project name: Brands Checker
Town: Belgrade
Industry: ICT
Project value: EUR 110,112
IF participation: EUR 76,912
Al Software is developing аrtificial Intelligence platform that offers a unique solution in the complex and ever-changing fight against brand infringements on resale sites.
Company: Cooperatiom Manager
Project name: Improving trading and communication system between agricultural traders and farmers
Town: Novi Sad
Industry: ICT
Project value: EUR 74,192
IF participation: EUR 50,192
Cooperatiom Manager is developing a software platform that accelerates and facilitates communication between traders of agricultural products and farmers, as well as the traders themselves.
Company: Scientific kitchenette
Project name: Scientific kitchenette
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 93,000
IF participation: EUR 65,099
Belgrade startup offers а structured educational program for children aged 5-8, which combines the basics of chemistry, physics, and biology.
Company: Axios Logic
Project name: Axios Payment Module
Town: Belgrade
Industry: ICT
Project value: EUR 119,900
IF participation: EUR 79,900
Axios Logic is developing a real time offline solution for mobile payments and two-factor authentication, based on encrypted SMS messages.
Company: Cinteraction
Project name: Virtual Classroom of the Future
Town: Novi Sad
Industry: Artificial intelligence
Project value: EUR 116,400
IF participation: EUR 79,900
Cinteraction is developing an AI-based software platform for measuring the engagement of participants in online classes and improving the knowledge transfer process.
Company: Divs Neuroinformatics
Project name: Divs DDNA
Town: Lozinka
Industry: ICT
Project value: EUR 114,688
IF participation: EUR 79,944
Divs DDNA brings AI as game-changing technology to Diabetes Neuropathy screening and early diagnostics, while the same technology also revolutionizes the rehabilitation process with neurological impairments.
Company: Executive Digital
Project name: Moda Design District
Town: Novi Sad
Industry: ICT
Project value: EUR 105,200
IF participation: EUR 73,640
Executive Digital offers a platform for digital design district; an international B2C platform for independent fashion designers to showcase and sell their products internationally.
Company: GirlBot
Project name: Bracelet Maket - STEM Toy for Girls
Town: Belgrade
Industry: Electrical engineering
Project value: EUR 98,700
IF participation: EUR 66,900
The Belgrade startup is developing a specially designed robotics toy to teach kids about programming and electronics through its unique patented knitting system, and especially interesting for girls, who are being underserved when it comes to these kinds of toys.
Company: ENERGYPULSE
Project name: SDSS – System Dynamics on a ShoeString
Town: Novi Sad
Industry: ICT
Project value: EUR 83,150
IF participation: EUR 58,100
System Dynamics on a ShoeString (SDSS) represents an initiative by EnergyPulse company to transform conventional production systems to smart ones by providing data-driven and real-time system-related information for instant decision-making by developing integrated hardware-software solutions with a focus on smart, automated, and real-time system profiling in a comprehensive, easy-to-use, and above all reliable manner.
Company: Technology team
Project name: Advanced multifunctional additive based on highly active-ZnO for feed production
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 116,950
IF participation: EUR 79,985
Technology Team is engaged in the production of advanced multifunctional and safe feed additives with antibacterial and antimycotoxin properties based on highly active zinc oxide.
Company: Shapa
Project name: Shapa
Town: Belgrade
Industry: ICT
Project value: EUR 116,460
IF participation: EUR 79,460
Everything you need for your pet in one place. Artificial intelligence application that provides comprehensive care for the health of pets inside and outside the home, with location monitoring, warning system and recommendations.
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: Persida
Project name: In-Silico SELEX (Systematic Evolution of Ligands by Exponential Enrichment) Pipeline – ISSP
Town: Belgrade
Industry: Biotechnology and Bioengineering
Project value: EUR 113,787
IF participation: EUR 79,644
An innovative cost-effective platform for the identification of Nucleic Acid replacements for antibodies in diagnostics, therapeutics and research.
Company: Hop seeker
Project name: A new aroma hop variety from Bački Petrovac for craft breweries
Town: Bački Petrovac
Industry: Biotechnology and Bioengineering
Project value: EUR 120,000
IF participation: EUR 80,000
New aroma hop variety as a key ingredient for the production of exclusive beer of unique taste by craft breweries at local, regional and global levels.
Company: PH TRANSFER MATCH / PLAYERHUNTER
Project name: Playerhunter PLAY Coin
Town: Belgrade
Industry: ICT
Project value: EUR 117,360
IF participation: EUR 79,760
Playerhunter PLAY Coin is a blockchain network that will decentralize football transfers.
Company: Farmbot
Project name: Soter rover 2.0
Town: Novi Sad
Industry: Robotics
Project value: EUR 101,800
IF participation: EUR 71,260
Development and use of a highly capable, autonomous, multifunctional robotic platform for use in agriculture and landscaping.
Company: Srem Cath
Project name: EM-Cath Urinary Catether Early Development
Town: Belgrade
Industry: Medical and therapeutical devices
Project value: EUR 115,000
IF participation: EUR 79,900
Development of the urinary catheter (EM-CATH) as a finished product ready for pre-clinical trials as a proof-of-concept (PoC).
Company: Smart Benefit Technologies
Project name: Digital Benefits
Town: Belgrade
Industry: ICT
Project value: EUR 110,720
IF participation: EUR 76,240
Digital benefits are allowing each employee to adjust to post-pandemic environment, and to select and use own set of benefits regardless of his/her geographical location.
Company: PackDev Interactive
Project name: Game Development Process Improvements (GDPI)
Town: Kragujevac
Industry: ICT
Project value: EUR 114,090
IF participation: EUR 79,863
The project will develop a software tool and framework that automates time-consuming parts of game development, increasing productivity drastically.
Company: Linkia.ai
Project name: LINCKIA Factory: E-Learning made easy
Town: Belgrade
Industry: ICT
Project value: EUR 121,120
IF participation: EUR 80,000
Linckia e-learning factory makes impressive e-learning experiences/courses in record time for just a fraction of the cost, and automates and simplifies e-learning production.
Company: Total Form team
Project name: Boxing robot trainer "Cassius" - automating the future of "sweet science" and "at home" exercise
Town: Belgrade
Industry: Robotics
Project value: EUR 113,700
IF participation: EUR 79,566
Development of an autonomous training robot for boxing professionals, clubs, gyms and consumers which allows the athletes to train new motions and techniques and drastically improve their coordination, as well as maintain excellent physical conditioning in their home gyms.
Company: HealthBotics
Project name: HealthBotics
Town: Belgrade
Industry: Software Application in medicine
Project value: EUR 120,475
IF participation: EUR 77,975
Platform for automated assessment of posture and physical development of children based on AI and computer vision.
Company: Telmed
Project name: "Telmed" platform - top quality teleradiology as a service
Town: Belgrade
Industry: Software Application in medicine
Project value: EUR 120,000
IF participation: EUR 66,667
Teleradiology platform based on AI and machine learning which ensures top quality radiologist services in remote areas, optimizes load management and enables high process standardization regardless of physical distance.
Company: DispatchX
Project name: DispatchX
Town: Belgrade
Industry: Transportation
Project value: EUR 115,800
IF participation: EUR 80,000
DispatchX increases efficiency of the dispatchers working in trucking industry, and increases the number and quality of the loads the company can handle.
Company: Mojo AI Media Technologes
Project name: MojoAI
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 113,440
IF participation: EUR 79,405
MojoAI transforms DOOH, combining real-time Quantitative analysis with targeting and serving ads, unique on global scale.
Company: PuzzlesCloud d.o.o
Project name: docs-as-code - Unified docs approach
Town: Kragujevac
Industry: ICT
Project value: EUR 101,760
IF participation: EUR 70,940
Puzzle Cloud endeavors to become a market leader in unified documentation approach.
Company: Balance Consulting Video
Project name: Balance Broadcast
Town: Kragujevac
Industry: Gamification
Project value: EUR 114,000
IF participation: EUR 79,000
Creation of a portfolio of interactive online courses for developing soft skills to help companies be more competitive and to make them more resilient to future market and labor challenges.
Company: MEHANIK PATENT doo
Project name: PIPE SAFETY COUPLINGS
Town: Belgrade
Industry: New industrial design
Project value: EUR 119,444
IF participation: EUR 79,944
Development and optimization of pipe safety couplings.
Company: Artifit
Project name: VRE AI Forecasting Solution
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 115,590
IF participation: EUR 77,590
The objective of this solution is to provide accurate VRE (Variable Renewable Energy) production forecasting system which becomes an urgent demand due to increased number of renewable energy sources. It will help in achieving a better environmental sustainability and managing energy eco system.
Company: DEVOAK
Project name: Getafeel - Premium 3D Virtual Tours for Real Estate
Town: Belgrade
Industry: Architecture
Project value: EUR 113,200
IF participation: EUR 79,240
Next level 3D real estate tours that offer true feel of interior space and full freedom of movement for customers while browsing their future properties.
Company: IoTVerse team
Project name: IoTVerse
Town: Novi Sad
Industry: Internet of Things
Project value: EUR 114,147
IF participation: EUR 79,900
IoTVerse unlocks the full potential of Metaverse and IoT by providing software extensions to fully utilize IoT from the Metaverse environment.
Company: Bifrost Soft
Project name: Klinikal - app for superior matchmaking between clinical trials and volunteers
Town: Novi Sad
Industry: Software Application in medicine
Project value: EUR 114,320
IF participation: EUR 79,820
App for efficient matchmaking between volunteers/patients and clinical trials. Klinikal aims to democratize and demystify participation in clinical research, and therefore contribute to advances in medicine and healthier world we live in.
Company: Telos
Project name: Telos
Town: Belgrade
Industry: Solar energy
Project value: EUR 114,470
IF participation: EUR 79,997
Telos is a plug&play solution that transforms solar energy with a big positive impact. It can be placed under the solar panels and does not require additional space in the solar plant, factory or other infrastructure.
Company: Keleraba
Project name: Keleraba
Town: Pančevo
Industry: New food technologies
Project value: EUR 110,000
IF participation: EUR 72,131
Providing next generation vertical farming system, with fully automated production programs for simultaneous multi-crop cultivation.
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: Om3ga Solutions
Project name: Daktilograf Engine
Town: Belgrade
Industry: ICT
Project value: EUR 111,873
IF participation: EUR 77,973
Software solution for designing and modeling of power distribution lines that ensures faster workflow and automation.
Company: Meno Tracker
Project name: Multiplexed Menopausal Age Prediction Test - MMAP Test
Town: Belgrade
Industry: Medical tests, instruments and analysis kits
Project value: EUR 113,500
IF participation: EUR 78,825
Commercialization of a Precision Optimized Consumer-based Menopausal Age Prediction Test.
Company: Beyond 42
Project name: CollectiVibe SAAS Community Management Platform
Town: Belgrade
Industry: ICT
Project value: EUR 111,843
IF participation: EUR 78,288
SaaS platform for effective creation and management of online communities.
Company: Animond Fund
Project name: Animond Platform - connecting animation studios with access to finance
Town: Belgrade
Industry: Software and application development (web and mobile)
Project value: EUR 117,800
IF participation: EUR 80,000
Animond Platform is a last mile digital financing solution which enables animation studios in Europe to quickly and safely find investment partners to help bring their products to market, while giving investors a proven way to diversify their investment portfolio.
Company: RehabShop
Project name: The Gait Master
Town: Belgrade
Industry: Electrical Engineering
Project value: EUR 46,590
IF participation: EUR 32,175
Advanced sensor-powered insoles with contactless data monitoring, designed for primary application in the rehabilitation industry.
Company: Baby FM
Project name: Баby FM
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 114,688
IF participation: EUR 79,944
Wearable AIoT-based system for continuous temperature monitoring called BABY FM which allows alarm, notification, and reporting systems in the home and hospital environments.
Company: ServerBytes
Project name: ServerBytes
Town: Niš
Industry: ICT
Project value: EUR 114.646
IF participation: EUR 79.696
User-friendly software platform for faster and more efficient game server development.
Company: ATAR
Project name: ATAR Smart Sprayer
Town: Novi Sad
Industry: Food Safety
Project value: EUR 113,000
IF participation: EUR 79,100
Deploying a novel agricultural hardware system with ML-based algorithms to minimize herbicide use and make precision farming technology available to all farmers.
Company: DUALITY
Project name: DUALITY - PORTABLE HYBRID PIANO SYSTEM
Town: Belgrade
Industry: ICT
Project value: EUR 93,840
IF participation: EUR 63,840
Sensor-based device for professional piano players which combines functions of analog pianos and digital synthesizers.
Company: Benjo Energy
Project name: Benjo Smart Platform for Electric Vehicle Chargers
Town: Belgrade
Industry: Software and application development (web and mobile)
Project value: EUR 114,681
IF participation: EUR 78,681
Benjo Smart Platform is an all-in-one solution that streamlines and connects all the parties in the process of Electric Vehicle (EV) charging leveraging data-driven AI decisions - helping EV drivers in smooth interaction with charging points and enabling charging point owners to create new revenue opportunities.
Company: Machine Can See
Project name: Fleet Safety Camera
Town: Novi Sad
Industry: ICT
Project value: EUR 115,600
IF participation: EUR 79,900
Hardware device that combines AI and machine vision technologies to improve vehicle and passenger safety.
Company: Cardian
Project name: Cardian App - gift cards and vouchers for the next generation
Town: Belgrade
Industry: Software and application development (web and mobile)
Project value: EUR 114,780
IF participation: EUR 79,880
Cardian is a mobile app which allows people to easily buy and gift digital gift cards and vouchers from various vendors, while simultaneously providing vendors and brands with the ability to push large volumes of products through personalized communication channels with an integrated social media loyalty tool.
Company: Smart Power
Project name: PowerPath
Town: Novi Sad
Industry: ICT
Project value: EUR 112,810
IF participation: EUR 78,967
Software solution for designing and modeling of power distribution lines that ensures faster workflow and automation.
Company: Circadian Health
Project name: Circadian Health
Town: Belgrade
Industry: Software Application in medicine
Project value: EUR 117,636
IF participation: EUR 79,636
Circadian Health App is an innovative solution in the Health and Wellness space. It allows frequent flyers and shiftworkers to minimize fatigue, improve sleep and overall health in a natural way, leveraging users own biology and light.
Company: Foxy Voxel
Project name: Going Medieval
Town: Novi Sad
Industry: Gamification
Project value: EUR 110,900
IF participation: EUR 77,630
A complex colony-builder game where the aim is to build, maintain and expand a medieval colony with numerous challenges.
Company: DEDA
Project name: Portable Tube Headphone Amplifier - DEDA
Town: Beograd
Industry: Signal Processing
Project value: EUR 90,475
IF participation: EUR 60,992
Novel, portable full-tube headphone amp for the ultimate music enjoyment, anytime and anywhere.
Company: DR.KNIGHT
Project name: Sustainable Color Catcher 2.0
Town: Belgrade
Industry: Environmental science
Project value: EUR 110,80
IF participation: EUR 77,060
Reusable gel-beads that trap dyes during washing of laundry, completely produced from renewable resources.
Company: Deepsinai
Project name: Deep Platform Development
Town: Zrenjanin
Industry: Machine learning
Project value: EUR 113,835
IF participation: EUR 79,235
Cognitive platform for digitalization of processes in oil and gas production.
Company: Truff truff
Project name: Pilot plant truffle
Town: Novi Sad
Industry: Food Science and Agriculture
Project value: EUR 57,400
IF participation: EUR 40,532
Novel truffle processing and production technology with increased production yield and product quality.
Company: Digital Radiography Technologies
Project name: Food inspection x-ray machine powered by AI
Town: Belgrade
Industry: Machine learning
Project value: EUR 114,140
IF participation: EUR 79,898
Development of an innovative x-ray machine for foreign object detection in food, using deep learning.
Company: MEHANIK PATENT
Project name: Pipe Connecting Tool
Town: Belgrade
Industry: Machines and mechanical engineering
Project value: EUR 121,692
IF participation: EUR 80,000
Easy-to-use, ergonomic, time-and-cost-effective pipe fixation tool, used for pipes made of ceramics, PVC and fiberglass epoxy.
Company: Eco Hive
Project name: ecological antivarroa hive
Town: Belgrade
Industry: Green Technologies
Project value: EUR 108,083
IF participation: EUR 75,604
Device for automatic removal of the bee mite (varroa) in an ecological way.
Company: Ruthenotope
Project name: Advancing Ruthenium Technology
Town: Belgrade
Industry: Life Science
Project value: EUR 109,105
IF participation: EUR 76,372
Optimizing the production process of a ruthenium-based catalyst used in drug development for various illnesses.
Company: Chonky Loaf
Project name: Everholm
Town: Niš
Industry: Software and application development (web and mobile)
Project value: EUR 113,996
IF participation: EUR 79,696
Everholm is an isometric 2D pixel-art game of the RPG cozy genre that solves the biggest problem players of this genre get, already attracting the attention of future players on social media.
Company: SmartCat
Project name: Optimus Power
Town: Novi Sad
Industry: ICT
Project value: EUR 110,280
IF participation: EUR 77,000
AI-powered software solution for optimization and control of energy consumption in buildings and facilities.
Company: Gastro Tech
Project name: Smart Fryer
Town: Novi Sad
Industry: New food technologies
Project value: EUR 68,000
IF participation: EUR 47,600
Designing and manufacturing a fully autonomous fryer that eliminates the possibility of human error and saves electricity with multi-purpose application software.
Company: HireApp
Project name: HireApp
Town: Belgrade
Industry: ICT
Project value: EUR 112,263
IF participation: EUR 78,406
HireApp is an on-demand staffing platform aimed at the hospitality, construction, moving, and general labor industries. The platform connects workers with businesses by using advanced Machine Learning algorithms.
Company: Hydrolyzer
Project name: Energy Revolution by Hydrogen Evolution
Town: Belgrade
Industry: Solar energy
Project value: EUR 89,300
IF participation: EUR 62,510
Creating faster and more affordable hydrogen production through improvement of catalysation technology in electrolysis.
Company: RenwAI
Project name: RenwAI
Town: Belgrade
Industry: ICT
Project value: EUR 73,700
IF participation: EUR 51,185
Business intelligence and data analytics solution for electric utilities and municipalities.
Company: Neural Factory
Project name: Neural Factory - drag-n-drop AI builder and deployment toolkit
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 114,500
IF participation: EUR 80,000
Neural Factory is a no-code/low code developer platform for Vision and Language AI that will facilitate, speed up and democratize the creation of AI applications, and provide tools for running them efficiently on any hardware platform.
Company: BACILLOMIX CO
Project name: Improvement of plant growth by using bacteria based bioproduct " Biotic B"
Town: Novi Sad
Industry: Food Science and Agriculture
Project value: EUR 112,439
IF participation: EUR 78,563
A new bacteria-based bioproduct for improvement of plant growth and enrichment of the soil.
Company: Treesury
Project name: Treesury
Town: Belgrade
Industry: Software and application development (web and mobile)
Project value: EUR 115,420
IF participation: EUR 79,970
The platform developed in this project will allow fractional investment/crowdfunding of agricultural enterprises on fully managed, smart plantations through tokenization (tokenized digital securities).
Company: Trickest
Project name: Trickest Hive
Town: Belgrade
Industry: ICT
Project value: EUR 113,530
IF participation: EUR 79,130
Cloud-based platform for automated and data-driven penetration testing for increased cybersecurity.
Company: Nutrikator
Project name: NutricalS
Town: Belgrade
Industry: Food Safety
Project value: EUR 104,460
IF participation: EUR 73,122
Accurate, innovative, "in house" developed a digital solution for nutrition analysis, based on the usage of validated databases and matching by Nutrical experts, with the outcome in the form of a nutrition table, nutrition label, nutrition claims or any other voluntarily chosen customized nutritional calculation.
Company: Product Hive
Project name: Emitto | Real time, omni-channel newsletter
Town: Belgrade
Industry: ICT
Project value: EUR 109,700
IF participation: EUR 76,691
Omni channel newsletter for delivering content inside the most popular messaging apps in real time.
Company: Office Bite
Project name: Office Bite - Great food that busy people need
Town: Belgrade
Industry: Software and application development (web and mobile)
Project value: EUR 124,600
IF participation: EUR 80,000
Office Bite is a freemium food procurement platform for that connects companies and their employees with food caterers and shops.
Company: Distill Games
Project name: Race Duels
Town: Belgrade
Industry: ICT
Project value: EUR 94,335
IF participation: EUR 65,786
A mobile racing video game with offering advanced driving physics.
Company: Perun Lab
Project name: Amplife
Town: Belgrade
Industry: Medical and therapeutical devices
Project value: EUR 120,000
IF participation: EUR 80,000
Portable device for DNA amplification.
Company: BEM Team
Project name: BEMinnovate.com
Town: Belgrade
Industry: ICT
Project value: EUR 96,200
IF participation: EUR 65,000
The company is BEM Team Belgrade is developing business software for the development of open innovation and communication between customers and companies.
Company: Super Prostor
Project name: Super Prostor
Town: Sombor
Industry: Software as a Service
Project value: EUR 174,360
IF participation: EUR 79,246
Online platform that makes planning and execution of building and renovation projects simpler and more efficient by connecting homeowners and investors with the most relevant building projects, products, and professionals.
Company: VUMIA TECHNOLOGIES
Project name: VUMIA.IO
Town: Vršac
Industry: ICT
Project value: EUR 109,500
IF participation: EUR 75,500
Software solution allowing for efficient spare part management and after sales service for various machines.
Company: AG ChemTech
Project name: Construction of pilot plant for solvent extraction of zinc and iron recovery from blast furnace sludge and basic oxygen sludge in steelmaking industry
Town: Belgrade
Industry: Environmental science
Project value: EUR 111,560
IF participation: EUR 78,092
Startup from Belgrade is developing a novel, environmentally friendly and economically and energy efficient technological process for extracting zinc and iron from sludge in the steelmaking industry
Company: PHYGITAL Museum of Makeup
Project name: PHYGITAL Museum of Makeup
Town: Belgrade
Industry: ICT
Project value: EUR 114,996
IF participation: EUR 79,996
The PHYGITAL Museum of Makeup team is developing the world’s first museum of makeup designed to blend physical and digital reality into one, offering technologically advanced education and entertainment experience.
Company: ECO GLOBAL BTD
Project name: Eco-Glue for Gypsum Board
Town: Novi Sad
Industry: Civil engineering and construction materials
Project value: EUR 114,430
IF participation: EUR 79,922
Startup from Novi Sad deals with the Production of ecological gypsum boards based on a fully natural starch-based adhesive.
Company: 9mc
Project name: 9mCollab
Town: Belgrade
Industry: ICT
Project value: EUR 111,696
IF participation: EUR 78,096
Startup from Belgrade offers tools for online communication and collaboration tools which maximize productivity, save time and minimize loss of information within organizations
Company: Sigmoid
Project name: BERRY-BOT Bimanual robotic system for strawberry harvesting
Town: Novi Sad
Industry: Robotics
Project value: EUR 113,948
IF participation: EUR 79,648
Startup from Novi Sad is developing a bimanual robotic system for efficient harvesting of strawberries, designed to solve the problem of labor shortages in this industry
Company: Yboga
Project name: Dream hotel
Town: Belgrade
Industry: Gamification
Project value: EUR 98,469.11
IF participation: EUR 68,928.31
Hotel management simulation mobile game made with the company's special in-house developed A.G.E. (Agent Game Engine) technology.
Company: B2Bee
Project name: B2Bee Onboarding Assistant
Town: Belgrade
Industry: ICT
Project value: EUR 113,200
IF participation: EUR 78,200
Automatization of wholesale processes through a systematic B2B e-business solution and use of artificial intelligence.
Company: Analytica One
Project name: One Assessment
Town: Belgrade
Industry: ICT
Project value: EUR 118,800
IF participation: EUR 79,200
Belgrade startup offers a complete solution for remote recruitment using customizable AI, natural language processing and machine learning, with improved conversion and efficiency.
Company: ENON Solutions
Project name: MARS
Town: Belgrade
Industry: ICT
Project value: EUR 114,815.40
IF participation: EUR 79,771.40
The company enon solutions are developing an аll-in-one collaborative development platform that allows significant resource saving in custom development of web and mobile apps, while automatically setting and managing web servers.
Company: Canandi Team
Project name: Canandi
Town: Nis
Industry: ICT
Project value: EUR 114,100
IF participation: EUR 79,700
The company from Nis is developing IOT system for advanced tracking, analytics and wellbeing of hunting dogs.
Company: EM Analytic Solutions
Project name: Sales Optimization Tool
Town: Belgrade
Industry: ICT
Project value: EUR 90,250
IF participation: EUR 63,109.31
A new sales optimization tool empowered by novel AI/machine learning models suited to the business needs of companies and financial institutions.
Company: Aerrozz Consulting
Project name: Aircraft Knowledge project
Town: Belgrade
Industry: Machines and mechanical engineering
Project value: EUR 114,000
IF participation: EUR 79,800
Digital support platform for increasing aviation safety by providing secure data sources and ensuring communication over a range of radio bands.
Company: SAMASA
Project name: Samasa industrial air filters
Town: Bogatić
Industry: Machines and mechanical engineering
Project value: EUR 102,800
IF participation: EUR 71,050
The company SAMASA from Bogatić is developing a new type of industrial filters with increased efficiency, longer product life and reduced energy consumption.
Company: BITEBELL TECHNOLOGIES
Project name: DOT Connect
Town: Belgrade
Industry: ICT
Project value: EUR 115,072.50
IF participation: EUR 79,872.50
Automation platform which helps restaurants of all sizes to improve sales, save money and optimize staff efficiency.
Company: Fragment
Project name: Eco-friendly countertops made from recycled glass
Town: Čačak
Industry: Green Technologies
Project value: EUR 114,410
IF participation: EUR 79,860
The company Fragment is developing new technology for the fabrication of sheet-form building materials with unique aesthetic properties using waste glass as a raw material.
Company: Syncit Development South East Europe
Project name: Athena Search
Town: Niš
Industry: ICT
Project value: EUR 146,892
IF participation: EUR 79,692
A novel search engine with advanced reporting and smart prediction features, designed for e-commerce platforms.
Company: Deep Blue Sea Studio
Project name: IdeaBuddy
Town: Belgrade
Industry: ICT
Project value: EUR 113,660
IF participation: EUR 78,842
Startup from Belgrade is developing business planning software that helps aspiring entrepreneurs turn their ideas into a successful enterprise through business modeling and detailed planning.
Company: EIGHT DOTS
Project name: WELLBIT
Town: Belgrade
Industry: ICT
Project value: EUR 114,145
IF participation: EUR 79,895
The company EIGHT DOTS from Belgrade is developing a self-care mobile app that helps maintain the emotional health of people who require increased self-motivation and support.
Company:
Project name:
Town: Novi Sad
Industry: ICT
Project value: EUR 62,519
IF participation: EUR 43,669
AI-and-blockchain-powered digital legal assistant helping Internet and mobile application users navigate the complex landscape of online privacy policies.
Company: Fidelity
Project name: Fidelity
Town: Belgrade
Industry: Gamification
Project value: EUR 80,480
IF participation: EUR 56,330
Startup from Belgrade is developing a mobile application for the FMCG brands to better connect with consumers through gamification, trust, and appreciation.
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: COMPOSITE TECHNOLOGY TEAM
Project name: NT161 – Unmanned Aerial System
Town: Belgrade
Industry: Mechanical engineering
Project value: EUR 428,052
IF participation: EUR 299,624
Project start: 15.11.2018.
Duration: 24 months
The unmanned aerial system developed by Composite Technology Team is designed to cover a wide range of operations, from data collection, through surveillance, to scientific missions. The new, aerodynamic shape of the aircraft provides the highest performance in terms of flying and air stability, while the vehicle’s simple deployment and integration with various add-ons is achieved through a specific modular construction.
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: Seemagination
Project name: See For Yourself
Town: Belgrade
Industry: ICT 114,285
Project value: EUR
IF participation: EUR 80,000
Young company Seemagination is developing an intuitive augmented reality mobile application for companies that produce paints and wallpapers that want to allow their customers to visualize different colors for walls, wallpaper, facade tiles, and more in their living space using their smartphones.
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: Kampster
Project name: Campster AI tutor application
Town: Belgrade
Industry: ICT
Project value: EUR 115,308
IF participation: EUR 79,308
Startup Campster from Belgrade is developing a mobile tutoring application (virtual learning assistant) with artificial intelligence that will contain specialized models of interactive learning, which solves the problem of motivation for online learning.
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: Miracle Dojo
Project name: MGamification
Town: Belgrade
Industry: Gamification
Project value: EUR 115,000
IF participation: EUR 80,000
Miracle Dojo creates аn environment for the development of mobile games and gamification of products based on celebrities and influential people, as well as corporate brands.
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: TalentKit
Project name: TalentKit
Town: Belgrade
Industry: ICT
Project value: EUR 105,729
IF participation: EUR 73,829
Startup TalentKit is developing a platform to help HR departments issue, track and review take-home challenges. It makes skill assessments more efficient for employers, and fairer towards the candidates.
Company: ThinkBIG Medic
Project name: Commercialization of the custom made, 3D printed casts
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 198,896
IF participation: EUR 80,000
The company ThinkBIG Medic from Belgrade offers a special technology of production of customized, personalized, 3D printed medical plasters that will reach a wide market through medical systems with the aim of providing better care and treatment to as many users as possible.
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: Natura Eco
Project name: 3DCP
Town: Čačak
Industry: Machines and mechanical engineering
Project value: EUR 120,000
IF participation: EUR 80,000
Natura Eco develops innovative multifunctioning printers, materials, software and processes that enable a faster, cleaner, safer and more economical construction industry.
Company: Kagera
Project name: PyHAZOP- Dynamic Technology
Town: Vladimirci
Industry: ICT
Project value: EUR 114,000
IF participation: EUR 79,650
Kagera Startup offers a PyHAZOP ML-powered software platform, that helps Oil & Gas and Petrochemical Managers minimize downtime, prevent risk and maximize safety.
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: DigitaLLeather
Project name: Workstation for detection of defects on leather cut-parts
Town: Kragujevac
Industry: Machines and mechanical engineering
Project value: EUR 106,960
IF participation: EUR 73,960
DigitaLLeather offers а workstation that utilizes artificial intelligence algorithms to improve the performances of quality control operators in visual detecting defects in the leather industry.
Company: Carvisor Technologies Team
Project name: Carvisor Technologies
Town: Belgrade
Industry: ICT
Project value: EUR 114,030
IF participation: EUR 79,821
Carvisor Technologies team is developing аn online car valuation and market data processing platform, offering reliable car market price estimates and in-depth market analytics using advanced Machine Learning technologies.
Company: Valuator
Project name: Valuator
Town: Belgrade
Industry: ICT
Project value: EUR 109,497
IF participation: EUR 76,647
Belgrade startup developing а software solution that enables companies to communicate clearly and directly with existing and new suppliers in order to achieve the best offer and save money and time and provides owners and management with insight, analytics and report on all parameters in procurement processes.
Company: BioCombact
Project name: Smart Bio Fertilizer
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 115,715
IF participation: EUR 79,915
BioCombact is engaged in creating an innovative blend of microbial and mineral components that significantly increases the conversion rate and yield of different crops in various types of soil, thus improving the overall production and sustainability of arable and organic farming.
Company: CINESSEUM
Project name: CINESSEUM
Town: Belgrade
Industry: ICT
Project value: EUR 105,984
IF participation: EUR 73,984
Cinesseum offers a movie streaming platform that legally distributes content from the ex-YU countries in the diaspora to popularize ex-YU movies and TV series worldwide.
Company: White Lemur
Project name: Eco-friendly Production of Biocompatible Versatile Biomedical Nanomaterials from Mushroom Production Waste – SOMA nanoWORKS
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 106,420
IF participation: EUR 74,487
White Lemur offers a scalable methodology for ecological production of chitin and chitosan from mushroom production waste and adaptation of this technology to smart production.
Company: DokTok
Project name: Doktok
Town: Belgrade
Industry: ICT
Project value: EUR 147,152
IF participation: EUR 80,000
DokTok offers a telemedicine solution that provides fast and easy, but high-quality medical and psychological consultations with experts, relieves the health-care system and improves primary health-care, making it available to everyone equally.
Company: Super Protect
Project name: Antimicrobial aluminum foil for food packaging and other applications
Town: Čačak
Industry: ICT
Project value: EUR 134,900
IF participation: EUR 79,460
Super Protect is developing new aluminum foil products with antimicrobial coating.
Company: NewCo One
Project name: SCAR-Smart Construction Augmented Reality
Town: Belgrade
Industry: Civil engineering and construction materials
Project value: EUR 114,222
IF participation: EUR 80,000
NewCo One offers an augmented reality hardware-software solution designed to improve communication, track progress, scan and troubleshoot construction industry projects.
Company: Atavola
Project name: aTavola
Town: Belgrade
Industry: Artificial intelligence
Project value: EUR 107,400
IF participation: EUR 73,400
Startup Atavola is developing an analytics platform for restaurant guests, based on computer vision technology, for improving and optimizing the overall business and efficiency of the restaurant.
Company: VizLore Digital Asset Management
Project name: VizLore AI Digital Asset Management - Vladam
Town: Novi Sad
Industry: Artificial intelligence
Project value: EUR 22,091
IF participation: EUR 9,550
VizLore Digital Asset Management is developing an automated AI-based cryptocurrency trading solution.
Company: Publitio
Project name: Publitio Enterprise
Town: Zrenjanin
Industry: ICT
Project value: EUR 110,400
IF participation: EUR 77,280
Publitio is developing a software solution for uploading, storing, processing, delivering, and administering media files, which allows business clients to retain complete control and ownership of their data and core infrastructure.
Company: Skinnovate
Project name: No more… red skin
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 115,193
IF participation: EUR 79,793
Highly efficient topical eczema treatment that gives the same healing effect as products with corticosteroids, without side effects and without time limits in the length of use. The product contains seven active compounds that act on all possible eczema causes.
Company: Beehold
Project name: Beehold
Town: Niš
Industry: ICT
Project value: EUR 115,420
IF participation: EUR 79,970
Company Beehold offers a hardware and software solution for beekeepers that, with the help of artificial intelligence, enables real-time tracking of bees, digitizes the process of inspecting hives and provides precise information and tips for improving the status of the colony.
Company: Mad Mage Games
Project name: Fantasy Engine
Town: Belgrade
Industry: ICT
Project value: EUR 114,000
IF participation: EUR 80,000
Belgrade startup is developing the platform for creating digital space and tools for crafting multiplayer FRP games, that allow players to roleplay and create stories through a 3D digital medium.
Company: AI SOFTWARE
Project name: Brands Checker
Town: Belgrade
Industry: ICT
Project value: EUR 110,112
IF participation: EUR 76,912
Al Software is developing аrtificial Intelligence platform that offers a unique solution in the complex and ever-changing fight against brand infringements on resale sites.
Company: Cooperatiom Manager
Project name: Improving trading and communication system between agricultural traders and farmers
Town: Novi Sad
Industry: ICT
Project value: EUR 74,192
IF participation: EUR 50,192
Cooperatiom Manager is developing a software platform that accelerates and facilitates communication between traders of agricultural products and farmers, as well as the traders themselves.
Company: Scientific kitchenette
Project name: Scientific kitchenette
Town: Belgrade
Industry: Energy and energy efficiency
Project value: EUR 93,000
IF participation: EUR 65,099
Belgrade startup offers а structured educational program for children aged 5-8, which combines the basics of chemistry, physics, and biology.
Company: Axios Logic
Project name: Axios Payment Module
Town: Belgrade
Industry: ICT
Project value: EUR 119,900
IF participation: EUR 79,900
Axios Logic is developing a real time offline solution for mobile payments and two-factor authentication, based on encrypted SMS messages.
Company: Cinteraction
Project name: Virtual Classroom of the Future
Town: Novi Sad
Industry: Artificial intelligence
Project value: EUR 116,400
IF participation: EUR 79,900
Cinteraction is developing an AI-based software platform for measuring the engagement of participants in online classes and improving the knowledge transfer process.
Company: Divs Neuroinformatics
Project name: Divs DDNA
Town: Lozinka
Industry: ICT
Project value: EUR 114,688
IF participation: EUR 79,944
Divs DDNA brings AI as game-changing technology to Diabetes Neuropathy screening and early diagnostics, while the same technology also revolutionizes the rehabilitation process with neurological impairments.
Company: Executive Digital
Project name: Moda Design District
Town: Novi Sad
Industry: ICT
Project value: EUR 105,200
IF participation: EUR 73,640
Executive Digital offers a platform for digital design district; an international B2C platform for independent fashion designers to showcase and sell their products internationally.
Company: GirlBot
Project name: Bracelet Maket - STEM Toy for Girls
Town: Belgrade
Industry: Electrical engineering
Project value: EUR 98,700
IF participation: EUR 66,900
The Belgrade startup is developing a specially designed robotics toy to teach kids about programming and electronics through its unique patented knitting system, and especially interesting for girls, who are being underserved when it comes to these kinds of toys.
Company: ENERGYPULSE
Project name: SDSS – System Dynamics on a ShoeString
Town: Novi Sad
Industry: ICT
Project value: EUR 83,150
IF participation: EUR 58,100
System Dynamics on a ShoeString (SDSS) represents an initiative by EnergyPulse company to transform conventional production systems to smart ones by providing data-driven and real-time system-related information for instant decision-making by developing integrated hardware-software solutions with a focus on smart, automated, and real-time system profiling in a comprehensive, easy-to-use, and above all reliable manner.
Company: Technology team
Project name: Advanced multifunctional additive based on highly active-ZnO for feed production
Town: Belgrade
Industry: Food Science and Agriculture
Project value: EUR 116,950
IF participation: EUR 79,985
Technology Team is engaged in the production of advanced multifunctional and safe feed additives with antibacterial and antimycotoxin properties based on highly active zinc oxide.
Company: Shapa
Project name: Shapa
Town: Belgrade
Industry: ICT
Project value: EUR 116,460
IF participation: EUR 79,460
Everything you need for your pet in one place. Artificial intelligence application that provides comprehensive care for the health of pets inside and outside the home, with location monitoring, warning system and recommendations.
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: Persida
Project name: In-Silico SELEX (Systematic Evolution of Ligands by Exponential Enrichment) Pipeline – ISSP
Town: Belgrade
Industry: Biotechnology and Bioengineering
Project value: EUR 113,787
IF participation: EUR 79,644
An innovative cost-effective platform for the identification of Nucleic Acid replacements for antibodies in diagnostics, therapeutics and research.
Company: Hop seeker
Project name: A new aroma hop variety from Bački Petrovac for craft breweries
Town: Bački Petrovac
Industry: Biotechnology and Bioengineering
Project value: EUR 120,000
IF participation: EUR 80,000
New aroma hop variety as a key ingredient for the production of exclusive beer of unique taste by craft breweries at local, regional and global levels.
Company: PH TRANSFER MATCH / PLAYERHUNTER
Project name: Playerhunter PLAY Coin
Town: Belgrade
Industry: ICT
Project value: EUR 117,360
IF participation: EUR 79,760
Playerhunter PLAY Coin is a blockchain network that will decentralize football transfers.