Increased innovation capacity and growth of SMEs

                  

The Direct Grant Agreement - Increased innovation capacity and growth of SMEs, signed between the Innovation Fund and the Ministry of Finance - the Department for Contracting and Financing of EU Funded Programs (CFCU), provides funds for the continuation of Mini Grants, Matching Grants and Collaborative Grant Scheme programs.

The total budget of the Direct Grant Agreement is EUR 26 million, of which EUR 16 million is obtained from the European Union Pre-Accession Assistance Funds for 2019 (IPA 2019) and EUR 10 million comes from the budget of the Republic of Serbia, appropriated to the Ministry of Science, Technological Development and Innovation.

The total amount allocated for grants of projects selected for financing under the Mini Grants, Matching Grants and Collaborative Grant Scheme programs is EUR 20.6 million.

The Direct Grant Agreement is implemented under the indirect management system of CFCU.