NEW SUPPORT PROGRAM - SERBIA VENTURES

LONG-TERM INVESTMENT IN SERBIA'S STARTUP ECOSYSTEM

The Innovation Fund is seeking a partner to establish entrepreneurial capital funds in order to accelerate the growth of the start-up ecosystem in Serbia. By launching a new Serbia Ventures support programme, the Fund wants to encourage private investors to invest in start-up businesses with high growth potential.

As of today, a direct incentive of up to 5 million euros is available to private investors with joint funds, built business skills and acquired investment experience to establish a successful venture capital fund. The new type of support reduces the risk to private investors and increases the availability of financial resources for the development of technology companies in order to achieve significant success in the market.

Through years of investment through support programmes in the early stages of development, the Fund confirmed that after successfully completing basic product/service/technology development, additional investments in the form of mentoring, financial resources and international business ties are needed. Long-term investment in the innovation start-up ecosystem will create prospective businesses with stronger business capacity.

Detailed proposals for long-term investment strategies participants in the public call can submit online through the Innovation Fund portal until June 15, 2022, by 3 p.m.

Funds for the realization of the public call were provided from the Budget of the Republic of Serbia, from the compartment of the Ministry of Education, Science and Technological Development, and the design of the programme was created by the Digital Serbia Initiative through the support programme of the Government of Switzerland.