As of today, innovative companies can apply for grants for innovation development through the Mini Grants Program and Matching Grants Program. The Public call is open until August 31, 2020 at 3 pm, and applications are submitted through the Fund's portal.

The Mini Grants Program is intended for young companies that are developing technological innovation that is needed in the market. Up to EUR 80,000 are awarded individually per project. Micro and small companies established in Serbia, majority privately owned by Serbian capital and not older than five years, as well as teams, can apply for funds under this Program. The funding allocated by the Fund covers a maximum of 70% of the total eligible costs of the project, the duration of which is up to 12 months.

Through the Matching Grants Program, financial support of up to EUR 300,000 per project is awarded, and the beneficiaries are micro, small or medium enterprises with majority private ownership registered in Serbia. The support enables companies to develop new products, services and technologies with high added value and encourage the commercialization of research and development of existing innovative companies, as well as the establishment of cooperation/partnerships with international companies/organizations. The funding allocated by the Fund covers a maximum of 70% of the total eligible project costs for micro and small enterprises, and 60% for medium-sized enterprises. Projects can last up to 24 months.

Funds for this Public call were provided within the budget of the Republic of Serbia, from the Ministry of Education, Science and Technological Development, and through the Project for Improving Competitiveness and Employment (based on the Loan Agreement between the Republic of Serbia and the World Bank).