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