Matching Grants Program

The Matching Grants Program is designed for enterprises looking for significant financial resources for the commercialization of research and development.

Matching Grants Program

The Matching Grants Program is designed for enterprises looking for significant financial resources for the commercialization of research and development. The Program has the goal to stimulate further knowledge-based development of innovative enterprises, encourage establishment of partnerships with international partners and to increase the number of technology-based companies.

Amount of financing:

  • up to EUR 300,000, or up to 70% of the total approved project budget for micro and small enterprises, or 60% for medium enterprises
  • a minimum of 30%, or 40% of the total approved project budget is to be provided by the enterprise

Eligibility criteria:

  • micro, small and medium enterprises
  • established in Serbia
  • with majority private ownership

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 24 months

The documentation to be submitted in the Application:

  • Business Plan
  • Project Budget
  • Project Presentation
  • Financial Forecast (Projected income statements for the next 5 years)
  • Environmental Screening Questionnaire (ESQ)
  • CVs of the key personnel engaged in the project (maximum 5)
  • Financial statements for the last applicable business year

Templates can be found on the webpage Documentation, November 2021.

Public call: Open from November 30th, 2021 till March 15th, 2022 (till 3 PM)

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

Contact: matching.grants@inovacionifond.rs