Financed projects
On these pages, innovative projects funded by the Innovation Fund were presented.
Learn moreCompany: AGRAS
Project name: Development of Innovative Fruit Harvester
Town: Kragujevac
Industry: Agriculture
Project value: EUR 169,950
IF participation: EUR 118,965
A fruit harvester based on branch shaker and fruit collector, including significant innovations, which allows small and medium-sized fruit growers to harvest much faster, easier and more profitably, with minimal initial investment and minimal operating costs.
Company: АNT WELD CLEANER
Project name: Ant Weld Cleaner
Town: Niš
Industry: Manufacturing industry
Project value: EUR 114,955
IF participation: EUR 78,955
Ant Weld Cleaner is a machine for electrochemical cleaning, polishing and corrosion protection, which speeds up the work process, reduces production costs and increases productivity - due to the innovative Intelligent Surface Sensing technology. Ant Weld Cleaner integrates into various industries, from auto manufacturing to food processing.
Company: BIFROST BIOPLASTICS
Project name: BIFROST HEMP “OKИ” POT
Town: Јagodina
Industry: Green Technologies
Project value: EUR 110,010
IF participation: EUR 77,007
Bifrost is empowering plant nurseries and agricultural producers in reducing plastic waste and promoting a greener future by offering biodegradable replanting Hemp "OKИ" pots made from industrial hemp.
Company: Brand Social Value
Project name: Brand Social Value (BSV): Revolutionizing Branding and Social Media Strategies with AI- Powered Analytics
Town: Belgrade
Industry: ICT
Project value: EUR 172,000
IF participation: EUR 120,000
Brand Social Value (BSV) is an AI-powered platform enabling marketers to create and analyze brand personas and social media marketing strategies, pretesting marketing content reactions for different customer segments before public release.
Company: Deep Netts Technologies
Project name: Advanced Development Platform for Applied Artificial Intelligence
Town: Belgrade
Industry: ICT
Project value: EUR 114,000
IF participation: EUR 79,800
Deep Netts is an artificial intelligence development platform that significantly accelerates and simplifies development of solutions based on artificial intelligence and their integration into software products. Using the Deep Netts development platform enables greater productivity in software development with artificial intelligence, lower total costs and risk reduction in the introduction of innovations based on artificial intelligence.
Company: Digital Asset Technologies
Project name: Strategies via API
Town: Belgrade
Industry: Fintech
Project value: EUR 172,520
IF participation: EUR 120,000
With the Strategies via API project, the startup aims to offer its investment strategies via API to other crypto investment platforms.
Company: Digitalleather
Project name: Quality Control Workstation for Industrial Leather Hides Using AI
Town: Kragujevac
Industry: Leather industry
Project value: EUR 161,755
IF participation: EUR 113,242
Digitalleather is developing a prototype FHP1-25 technical solution for detecting defects in industrial leather with the aim of optimizing the utilization of entire industrial leather in the production process of leather goods in the production process of leather goods.
Company: Dirako
Project name: RapidUp
Town: Belgrade
Industry: ICT
Project value: EUR 173,770
IF participation: EUR 120,000
RapidUp, an AI-driven cloud SaaS solution, rapidly generates comprehensive project and technical documentation by maximally utilizing existing content from various sources. This innovative platform simplifies and accelerates the creation of technical and project documentation, providing businesses with an efficient and streamlined solution.
Company: Dream Beyond Dream
Project name: Be kind, rewind
Town: Belgrade
Industry: Gamification
Project value: EUR 170,540
IF participation: EUR 119,340
Be kind, rewind is an online desktop and mobile board game, based on the nostalgic aesthetics of the 1980s, which, like the legendary DeLorean car from the movie "Back to the Future," transports players to the most memorable decade in pop culture history. The solution is a video game with a unique strategic and economic system, bridging the gap between the physical and digital worlds to create a superior experience in the independent video and board game industries.
Company: Farmers Assistance Platform
Project name: Farmers Assistance Platform (F.A.P.)
Town: Aleksinac
Industry: ICT
Project value: EUR 147,460
IF participation: EUR 103,222
F.A.P. presents software (mobile app) for the precise detection of plant diseases and insects with recommendations on how to solve them with the right pesticide and application moment.
Company: Flat Hill Games
Project name: MusicGuru
Town: Vršac
Industry: Video games
Project value: EUR 116,100
IF participation: EUR 79,100
MUSIC GURU is an immersive virtual world made for all music lovers where they can have fun by playing their favorite songs on various instruments either individually or with their friends in front of an audience, to learn from or lecture others, or just to hang out.
Company: FUZZY CONCEPT
Project name: Yield Hunter MVP
Town: Belgrade
Industry: ICT
Project value: EUR 166,905.
IF participation: EUR 116,755
The Yield Hunter provides increased efficiency, performance, savings, security and comfort in the manual fruit harvesting process by using Artificial Intelligence and wearable technology.
Company: High Voltage Innovations
Project name: Development of Instrument Transformer Sense
Town: Belgrade
Industry: Energy
Project value: EUR 170,964
IF participation: EUR 119,599
Measuring system for live line high voltage fast screening of instrument transformers metrology properties in real operating conditions.
Company: Hydrocor doo Belgrade
Project name: OPTIMUS: Revolutionizing Water Well Rehabilitation Through Automation
Town: Belgrade
Industry: Hydrogeology
Project value: EUR 130,875
IF participation: EUR 90,875
Optimus is an innovative solution designed to drastically improve the efficiency and safety of the water well rehabilitation process. It offers a new method of treating water wells that combines its proprietary method with process automation. Optimus reduces the water well regeneration cycle from seven to three days, decreases the need for human intervention, and provides significant cost savings by reducing labor and operational downtime.
Company: OSOI
Project name: OSOI – One Source of Information
Town: Novi Sad
Industry: ICT
Project value: EUR 171,800
IF participation: EUR 120,000
OSOI is an all-in-one software for builders, designed to bridge the communication and operational gap between the office and on-site teams, by offering one source of information, simplified communication and efficient teamwork.
Company: Promogation
Project name: Promogation MVP to market
Town: Belgrade
Industry: ICT
Project value: EUR 113,000
IF participation: EUR 79,000
Promogation is building a digital proximity marketing tool for retail, that offers precise performance analytics and shopper behavior data, while improving overall shopper experience and satisfaction in supermarkets.
Company: Ralph AI Tech
Project name: Appcraft AI
Town: Belgrade
Industry: Artificial Intelligence
Project value: EUR 171,418
IF participation: EUR 119,992
Appcraft AI is a software that allows small businesses and entrepreneurs to create and publish their own web applications that utilize Generative Artificial Intelligence without having to write a single line of code.
Company: Safety real time
Project name: Safety real time
Town: Belgrade
Industry: ICT
Project value: EUR 173,000
IF participation: EUR 120,000
Safety real time is a software solution in the field of safety and vehicle fleet maintenance in the transportation industry. The solution helps companies align all processes so that each individual vehicle meets all safety standards, thereby contributing to reducing accidents on the road.
Company: Sense and Drive
Project name: Power Electronics Research KIT (PERK)
Town: Belgrade
Industry: Power Electronics
Project value: EUR 171,450
IF participation: EUR 118,950
PERK represents a modular research and development platform tailored for the power electronics industry. The project aims to provide both large enterprises and smaller companies with the essential resources to streamline and expedite hardware development processes.
Company: SENSEi Luxury Perfumes
Project name: SENSEi ECO
Town: Belgrade
Industry: Chemical industry
Project value: EUR 155,480
IF participation: EUR 108,013
SENSEi ECO has developed an innovative air freshener made of cork and essential oils, natural, sustainable and biodegradable materials, designed to reduce the negative impact on the environment.
Company: SIMPLE AND SMART
Project name: DigiPro - next-generation manufacturing execution system
Town: Čačak
Industry: ICT
Project value: EUR 185,000
IF participation: EUR 120,000
The project is focused on further development of the DigiPro MES solution. DigiPro MES is an Industry 4.0 based solution for SMEs. It represents the next-generation Manufacturing Execution System developed to improve the efficiency of production systems of small and medium enterprises through monitoring and management of production resources in real time.
Company: SMART VENDING MACHINE
Project name: LeanOn – All-in-one solution for online personal trainers and fitness brands
Town: Belgrade
Industry: ICT
Project value: EUR 187,000
IF participation: EUR 120,000
LeanOn is a no-code fitness and nutrition app builder that allows personal trainers and fitness brands to create their own fully customisable mobile apps in days, rapidly grow their audience and monetise their knowledge through a highly personalised user experience.
Company: Soultronic International
Project name: Wearable Flexible Electrostatic Clutch for haptic feedback
Town: Belgrade
Industry: Biomedical engineering
Project value: EUR 176,800
IF participation: EUR 118,800
Development of a haptic glove for active force feedback in VR interactions, based on the electrostatic clutch principles, implemented through printed flexible electronics.
Company: Spawn Solutions
Project name: Wafian
Town: Novi Sad
Industry: ICT
Project value: EUR 154,732
IF participation: EUR 108,312
Wafian is a groundbreaking software solution for live events industry, leveraging NFTs and blockchain to eradicate ticketing fraud, revolutionise user data monetisation through rewards, and amplify market reach for promoters, performers and sponsors.
Company: Spotter
Project name: Spotter
Town: Beograd
Industry: ICT
Project value: EUR 152,566
IF participation: EUR 106,796
Spotter is a web platform that simplifies the college recruitment process, by providing direct contact between US universities and talented athletes worldwide, with advanced tools for efficient talent discovery and evaluation.
Company: Veles Sense
Project name: PlantYsense
Town: Belgrade
Industry: Smart farming
Project value: EUR120,092
IF participation: EUR 84,062
Veles Sense leverages AI and imaging technology to create early grapevine disease detection software. Our solution enables farmers to identify issues before they're even visible to the naked eye, leading to cost savings, streamlined processes, and an extended window for effective plant treatment.
Company: Wrangtech
Project name: Retrievable Check Valve
Town: Novi Sad
Industry: Oil and Gas Production
Project value: EUR 171,270
IF participation: EUR 119,010
Fluid backflow patent-solution designed for oil and gas production aiming at achieving benefits equivalent to potential production loss, including elimination of costly and hazardous well workover.
Company: AGRAS
Project name: Development of Innovative Fruit Harvester
Town: Kragujevac
Industry: Agriculture
Project value: EUR 169,950
IF participation: EUR 118,965
A fruit harvester based on branch shaker and fruit collector, including significant innovations, which allows small and medium-sized fruit growers to harvest much faster, easier and more profitably, with minimal initial investment and minimal operating costs.
Company: АNT WELD CLEANER
Project name: Ant Weld Cleaner
Town: Niš
Industry: Manufacturing industry
Project value: EUR 114,955
IF participation: EUR 78,955
Ant Weld Cleaner is a machine for electrochemical cleaning, polishing and corrosion protection, which speeds up the work process, reduces production costs and increases productivity - due to the innovative Intelligent Surface Sensing technology. Ant Weld Cleaner integrates into various industries, from auto manufacturing to food processing.
Company: BIFROST BIOPLASTICS
Project name: BIFROST HEMP “OKИ” POT
Town: Јagodina
Industry: Green Technologies
Project value: EUR 110,010
IF participation: EUR 77,007
Bifrost is empowering plant nurseries and agricultural producers in reducing plastic waste and promoting a greener future by offering biodegradable replanting Hemp "OKИ" pots made from industrial hemp.
Company: Brand Social Value
Project name: Brand Social Value (BSV): Revolutionizing Branding and Social Media Strategies with AI- Powered Analytics
Town: Belgrade
Industry: ICT
Project value: EUR 172,000
IF participation: EUR 120,000
Brand Social Value (BSV) is an AI-powered platform enabling marketers to create and analyze brand personas and social media marketing strategies, pretesting marketing content reactions for different customer segments before public release.
Company: Deep Netts Technologies
Project name: Advanced Development Platform for Applied Artificial Intelligence
Town: Belgrade
Industry: ICT
Project value: EUR 114,000
IF participation: EUR 79,800
Deep Netts is an artificial intelligence development platform that significantly accelerates and simplifies development of solutions based on artificial intelligence and their integration into software products. Using the Deep Netts development platform enables greater productivity in software development with artificial intelligence, lower total costs and risk reduction in the introduction of innovations based on artificial intelligence.
Company: Digital Asset Technologies
Project name: Strategies via API
Town: Belgrade
Industry: Fintech
Project value: EUR 172,520
IF participation: EUR 120,000
With the Strategies via API project, the startup aims to offer its investment strategies via API to other crypto investment platforms.
Company: Digitalleather
Project name: Quality Control Workstation for Industrial Leather Hides Using AI
Town: Kragujevac
Industry: Leather industry
Project value: EUR 161,755
IF participation: EUR 113,242
Digitalleather is developing a prototype FHP1-25 technical solution for detecting defects in industrial leather with the aim of optimizing the utilization of entire industrial leather in the production process of leather goods in the production process of leather goods.
Company: Dirako
Project name: RapidUp
Town: Belgrade
Industry: ICT
Project value: EUR 173,770
IF participation: EUR 120,000
RapidUp, an AI-driven cloud SaaS solution, rapidly generates comprehensive project and technical documentation by maximally utilizing existing content from various sources. This innovative platform simplifies and accelerates the creation of technical and project documentation, providing businesses with an efficient and streamlined solution.
Company: Dream Beyond Dream
Project name: Be kind, rewind
Town: Belgrade
Industry: Gamification
Project value: EUR 170,540
IF participation: EUR 119,340
Be kind, rewind is an online desktop and mobile board game, based on the nostalgic aesthetics of the 1980s, which, like the legendary DeLorean car from the movie "Back to the Future," transports players to the most memorable decade in pop culture history. The solution is a video game with a unique strategic and economic system, bridging the gap between the physical and digital worlds to create a superior experience in the independent video and board game industries.
Company: Farmers Assistance Platform
Project name: Farmers Assistance Platform (F.A.P.)
Town: Aleksinac
Industry: ICT
Project value: EUR 147,460
IF participation: EUR 103,222
F.A.P. presents software (mobile app) for the precise detection of plant diseases and insects with recommendations on how to solve them with the right pesticide and application moment.
Company: Flat Hill Games
Project name: MusicGuru
Town: Vršac
Industry: Video games
Project value: EUR 116,100
IF participation: EUR 79,100
MUSIC GURU is an immersive virtual world made for all music lovers where they can have fun by playing their favorite songs on various instruments either individually or with their friends in front of an audience, to learn from or lecture others, or just to hang out.
Company: FUZZY CONCEPT
Project name: Yield Hunter MVP
Town: Belgrade
Industry: ICT
Project value: EUR 166,905.
IF participation: EUR 116,755
The Yield Hunter provides increased efficiency, performance, savings, security and comfort in the manual fruit harvesting process by using Artificial Intelligence and wearable technology.
Company: High Voltage Innovations
Project name: Development of Instrument Transformer Sense
Town: Belgrade
Industry: Energy
Project value: EUR 170,964
IF participation: EUR 119,599
Measuring system for live line high voltage fast screening of instrument transformers metrology properties in real operating conditions.
Company: Hydrocor doo Belgrade
Project name: OPTIMUS: Revolutionizing Water Well Rehabilitation Through Automation
Town: Belgrade
Industry: Hydrogeology
Project value: EUR 130,875
IF participation: EUR 90,875
Optimus is an innovative solution designed to drastically improve the efficiency and safety of the water well rehabilitation process. It offers a new method of treating water wells that combines its proprietary method with process automation. Optimus reduces the water well regeneration cycle from seven to three days, decreases the need for human intervention, and provides significant cost savings by reducing labor and operational downtime.
Company: OSOI
Project name: OSOI – One Source of Information
Town: Novi Sad
Industry: ICT
Project value: EUR 171,800
IF participation: EUR 120,000
OSOI is an all-in-one software for builders, designed to bridge the communication and operational gap between the office and on-site teams, by offering one source of information, simplified communication and efficient teamwork.
Company: Promogation
Project name: Promogation MVP to market
Town: Belgrade
Industry: ICT
Project value: EUR 113,000
IF participation: EUR 79,000
Promogation is building a digital proximity marketing tool for retail, that offers precise performance analytics and shopper behavior data, while improving overall shopper experience and satisfaction in supermarkets.
Company: Ralph AI Tech
Project name: Appcraft AI
Town: Belgrade
Industry: Artificial Intelligence
Project value: EUR 171,418
IF participation: EUR 119,992
Appcraft AI is a software that allows small businesses and entrepreneurs to create and publish their own web applications that utilize Generative Artificial Intelligence without having to write a single line of code.
Company: Safety real time
Project name: Safety real time
Town: Belgrade
Industry: ICT
Project value: EUR 173,000
IF participation: EUR 120,000
Safety real time is a software solution in the field of safety and vehicle fleet maintenance in the transportation industry. The solution helps companies align all processes so that each individual vehicle meets all safety standards, thereby contributing to reducing accidents on the road.
Company: Sense and Drive
Project name: Power Electronics Research KIT (PERK)
Town: Belgrade
Industry: Power Electronics
Project value: EUR 171,450
IF participation: EUR 118,950
PERK represents a modular research and development platform tailored for the power electronics industry. The project aims to provide both large enterprises and smaller companies with the essential resources to streamline and expedite hardware development processes.
Company: SENSEi Luxury Perfumes
Project name: SENSEi ECO
Town: Belgrade
Industry: Chemical industry
Project value: EUR 155,480
IF participation: EUR 108,013
SENSEi ECO has developed an innovative air freshener made of cork and essential oils, natural, sustainable and biodegradable materials, designed to reduce the negative impact on the environment.
Company: SIMPLE AND SMART
Project name: DigiPro - next-generation manufacturing execution system
Town: Čačak
Industry: ICT
Project value: EUR 185,000
IF participation: EUR 120,000
The project is focused on further development of the DigiPro MES solution. DigiPro MES is an Industry 4.0 based solution for SMEs. It represents the next-generation Manufacturing Execution System developed to improve the efficiency of production systems of small and medium enterprises through monitoring and management of production resources in real time.
Company: SMART VENDING MACHINE
Project name: LeanOn – All-in-one solution for online personal trainers and fitness brands
Town: Belgrade
Industry: ICT
Project value: EUR 187,000
IF participation: EUR 120,000
LeanOn is a no-code fitness and nutrition app builder that allows personal trainers and fitness brands to create their own fully customisable mobile apps in days, rapidly grow their audience and monetise their knowledge through a highly personalised user experience.
Company: Soultronic International
Project name: Wearable Flexible Electrostatic Clutch for haptic feedback
Town: Belgrade
Industry: Biomedical engineering
Project value: EUR 176,800
IF participation: EUR 118,800
Development of a haptic glove for active force feedback in VR interactions, based on the electrostatic clutch principles, implemented through printed flexible electronics.
Company: Spawn Solutions
Project name: Wafian
Town: Novi Sad
Industry: ICT
Project value: EUR 154,732
IF participation: EUR 108,312
Wafian is a groundbreaking software solution for live events industry, leveraging NFTs and blockchain to eradicate ticketing fraud, revolutionise user data monetisation through rewards, and amplify market reach for promoters, performers and sponsors.
Company: Spotter
Project name: Spotter
Town: Beograd
Industry: ICT
Project value: EUR 152,566
IF participation: EUR 106,796
Spotter is a web platform that simplifies the college recruitment process, by providing direct contact between US universities and talented athletes worldwide, with advanced tools for efficient talent discovery and evaluation.
Company: Veles Sense
Project name: PlantYsense
Town: Belgrade
Industry: Smart farming
Project value: EUR120,092
IF participation: EUR 84,062
Veles Sense leverages AI and imaging technology to create early grapevine disease detection software. Our solution enables farmers to identify issues before they're even visible to the naked eye, leading to cost savings, streamlined processes, and an extended window for effective plant treatment.
Company: Wrangtech
Project name: Retrievable Check Valve
Town: Novi Sad
Industry: Oil and Gas Production
Project value: EUR 171,270
IF participation: EUR 119,010
Fluid backflow patent-solution designed for oil and gas production aiming at achieving benefits equivalent to potential production loss, including elimination of costly and hazardous well workover.