Financed projects
On these pages, innovative projects funded by the Innovation Fund were presented.
Learn moreProject: Bifora - Efficient microclimate monitoring for optimized crop
Consortium leader: Konekt
Main partner: Faculty of Technical Sciences Čačak
Town: Smederevo
Sector: ICT
Project budget: EUR 440,600
IF participation: EUR 308,420 EUR
Bifora is an innovative solution that combines hardware and software, designed for the needs of agricultural holdings, with a focus on fruit and surface production. This solution improves agricultural production through the application of modern technologies. The Bifora system consists of a unique construction with solar power, placed in the central part of the business plot. The system contains sensors that collect data on weather conditions, plant growth, and plant health.
Project: BlinkGUARD
Consortium leader: BLINK.ING
Main partner: Faculty of Organizational Sciences, University of Belgrade
Town: Belgrade
Sector: Digital Security
Project budget: EUR 688,800
IF participation: EUR 482,160
Blinking, in collaboration with the Faculty of Organizational Sciences at the University of Belgrade, is developing a revolutionary system for detecting fraudulent activities in the digital world. This innovative system will utilize advanced artificial intelligence (AI) models to enhance digital identity security. By integrating sophisticated recognition and analysis algorithms, the system will be able to detect sophisticated fraud attempts, such as deepfakes and various manipulations of photos and videos, thereby significantly increasing the reliability of identity verification processes.
Project: 231 K5 Safety Shoe
Consortium leader: KS-SAFETY SHOES
Main partner: Mihajlo Pupin Institute
Town: Novi Sad
Sector: Telecommunications Systems
Project budget: EUR 728,750
IF participation: EUR 500,000
The development, patenting and commercialization of 231 K5, an innovative footwear solution that integrates advanced technology to improve the safety of adventurers, workers, and professionals in challenging terrain.
Project: ECO FLOW prefabricated porous concrete elements
Consortium leader: PROMOTER
Main partner: University of Belgrade - Faculty of Civil Engineering
Town: Mladenovac
Sector: New construction material development
Project budget: EUR 499,510
IF participation: EUR 349,657
Eco Flow is an innovative prefabricated porous solution for the installation of tread surfaces and stormwater management, which solves the problem of flooding in urban areas and worries about our environment. The system is safe, made of natural materials, aesthetically adaptable and recycled. It offers easy installation, reuse and cost-effective flood prevention.
Project: Sales Target AI
Consortium leader: Norteh
Main partner: Faculty of Security Studies
Town: Belgrade
Sector: Software and application development
Project budget: EUR 720,306
IF participation: EUR 500,000
Sales Target AI is a fully automated solution for managing sales teams and channels through an incentive model. Sales Target AI automates the calculation of sales bonuses, optimizes and personalizes bonus schemes, forecasts sales results and simulates achievements, increases transparency, and addresses compliance challenges within the company. The Sales Target AI solution increases efficiency by saving 65% to 90% of the time in all key processes and enables complete management of sales processes.
Project: Green Silver for Car Air-Conditioning Disinfection
Consortium leader: Koloid
Main partner: Vinča Institut of Nuclear Sciences
Town: Belgrade
Sector: Green Technologies
Project budget: EUR 676,956
IF participation: EUR 473,866.14
The project aims to develop and commercialize environmentally sustainable Green Silver Car Air-Conditioning Disinfection solutions in the form of liquid disinfectant, leveraging green synthesis of silver colloid solution. It is non-toxic and safe for both people and the environment, fitting well with global sustainability goals. GreenSilver doesn't harm human health or nature, making it a great choice for those who care about health and the environment.
Project: Conflux AI
Consortium leader: VPD Smederevo
Main partner: Mathematical Institute of Serbian Academy of Sciences and Arts
Town: Smederevo
Sector: Artificial intelligence
Project budget: EUR 729,780
IF participation: EUR 487,065
Conflux AI is revolutionizing the budgeting process, take-off, and project management in the construction industry. Sophisticated software platform designed to meticulously calculate accurate budgets for construction projects, contingent upon the specific nature of the facility to be constructed. This platform is underpinned by an advanced artificial intelligence engine, leveraging comprehensive datasets derived from prior projects, direct collaboration with equipment and material suppliers, and market intelligence.
Project: Comflexity
Consortium leader: Društvo za ekološku i sanitarnu zaštitu VISAN
Main partner: Institute of Chemistry, Technology and Metallurgy, University of Belgrade
Town: Beograd
Sector: Multifunctional materials
Project budget: EUR 687.516
IF participation: EUR 480.780
Developing and commercializing innovative biodegradable packaging material from sunflower and soy meal, enhanced with cellulose and a chemical binding agent, to offer a sustainable alternative in the food packaging industry.
Project: Bifora - Efficient microclimate monitoring for optimized crop
Consortium leader: Konekt
Main partner: Faculty of Technical Sciences Čačak
Town: Smederevo
Sector: ICT
Project budget: EUR 440,600
IF participation: EUR 308,420 EUR
Bifora is an innovative solution that combines hardware and software, designed for the needs of agricultural holdings, with a focus on fruit and surface production. This solution improves agricultural production through the application of modern technologies. The Bifora system consists of a unique construction with solar power, placed in the central part of the business plot. The system contains sensors that collect data on weather conditions, plant growth, and plant health.
Project: BlinkGUARD
Consortium leader: BLINK.ING
Main partner: Faculty of Organizational Sciences, University of Belgrade
Town: Belgrade
Sector: Digital Security
Project budget: EUR 688,800
IF participation: EUR 482,160
Blinking, in collaboration with the Faculty of Organizational Sciences at the University of Belgrade, is developing a revolutionary system for detecting fraudulent activities in the digital world. This innovative system will utilize advanced artificial intelligence (AI) models to enhance digital identity security. By integrating sophisticated recognition and analysis algorithms, the system will be able to detect sophisticated fraud attempts, such as deepfakes and various manipulations of photos and videos, thereby significantly increasing the reliability of identity verification processes.
Project: 231 K5 Safety Shoe
Consortium leader: KS-SAFETY SHOES
Main partner: Mihajlo Pupin Institute
Town: Novi Sad
Sector: Telecommunications Systems
Project budget: EUR 728,750
IF participation: EUR 500,000
The development, patenting and commercialization of 231 K5, an innovative footwear solution that integrates advanced technology to improve the safety of adventurers, workers, and professionals in challenging terrain.
Project: ECO FLOW prefabricated porous concrete elements
Consortium leader: PROMOTER
Main partner: University of Belgrade - Faculty of Civil Engineering
Town: Mladenovac
Sector: New construction material development
Project budget: EUR 499,510
IF participation: EUR 349,657
Eco Flow is an innovative prefabricated porous solution for the installation of tread surfaces and stormwater management, which solves the problem of flooding in urban areas and worries about our environment. The system is safe, made of natural materials, aesthetically adaptable and recycled. It offers easy installation, reuse and cost-effective flood prevention.
Project: Sales Target AI
Consortium leader: Norteh
Main partner: Faculty of Security Studies
Town: Belgrade
Sector: Software and application development
Project budget: EUR 720,306
IF participation: EUR 500,000
Sales Target AI is a fully automated solution for managing sales teams and channels through an incentive model. Sales Target AI automates the calculation of sales bonuses, optimizes and personalizes bonus schemes, forecasts sales results and simulates achievements, increases transparency, and addresses compliance challenges within the company. The Sales Target AI solution increases efficiency by saving 65% to 90% of the time in all key processes and enables complete management of sales processes.
Project: Green Silver for Car Air-Conditioning Disinfection
Consortium leader: Koloid
Main partner: Vinča Institut of Nuclear Sciences
Town: Belgrade
Sector: Green Technologies
Project budget: EUR 676,956
IF participation: EUR 473,866.14
The project aims to develop and commercialize environmentally sustainable Green Silver Car Air-Conditioning Disinfection solutions in the form of liquid disinfectant, leveraging green synthesis of silver colloid solution. It is non-toxic and safe for both people and the environment, fitting well with global sustainability goals. GreenSilver doesn't harm human health or nature, making it a great choice for those who care about health and the environment.
Project: Conflux AI
Consortium leader: VPD Smederevo
Main partner: Mathematical Institute of Serbian Academy of Sciences and Arts
Town: Smederevo
Sector: Artificial intelligence
Project budget: EUR 729,780
IF participation: EUR 487,065
Conflux AI is revolutionizing the budgeting process, take-off, and project management in the construction industry. Sophisticated software platform designed to meticulously calculate accurate budgets for construction projects, contingent upon the specific nature of the facility to be constructed. This platform is underpinned by an advanced artificial intelligence engine, leveraging comprehensive datasets derived from prior projects, direct collaboration with equipment and material suppliers, and market intelligence.
Project: Comflexity
Consortium leader: Društvo za ekološku i sanitarnu zaštitu VISAN
Main partner: Institute of Chemistry, Technology and Metallurgy, University of Belgrade
Town: Beograd
Sector: Multifunctional materials
Project budget: EUR 687.516
IF participation: EUR 480.780
Developing and commercializing innovative biodegradable packaging material from sunflower and soy meal, enhanced with cellulose and a chemical binding agent, to offer a sustainable alternative in the food packaging industry.