Mini Grants Program

The Mini Grants Program is aimed at private young enterprises which are engaged in the development of technological innovations with a clear market need.

Mini Grants Program

The Mini Grants Program is aimed at private young enterprises which are engaged in the development of technological innovations with a clear market need. This Program is designed to support the survival of companies during the critical phase of research and development and to allow Serbian entrepreneurs to grow effective business capacities through which they will launch their innovations on the market.

Amount of financing:

  • up to EUR 120,000, or up to 70% of the total approved project budget
  • a minimum of 30% of the total approved project budget is to be provided by the Аpplicant from other private sector sources, independently of the Innovation Fund

Eligibility criteria:

  • Micro or small companies in majority private ownership of residents of the Republic of Serbia, incorporated in Serbia (in accordance with the current Serbian company Law in effect) for no longer than ten (10) years at the time of Application submission,

Field of science and technology/Industry sector: projects can originate from any field of science and technology and can belong to any industry sector

Duration of the projects: up to 12 months

The documentation to be submitted in the Application:

  • Applicant Statement
  • Business Plan
  • Project Budget
  • Project Presentation
  • Environmental Screening Questionnaire (ESQ)
  • CVs of the key personnel engaged in the project (maximum 5)
  • Unaudited financial statements for the last business year (where applicable)

Templates can be found on the webpage Documentation - December, 2023

The Public Call is available at the link.

Applications must be submitted through the Innovation Fund online application portal and in English.

Public call: Open until April 1, 2024 at noon

Contact: minigrants@inovacionifond.rs