Financed projects
On these pages, innovative projects funded by the Innovation Fund were presented.
Learn moreCompany: FOOD GROUP MSP
Project name: Modulation of cooling
Town: Bač
Industry: Energy efficiency
Project value: EUR 79,560
IF participation: EUR 67,260
Project start: 1.11.2018.
Duration: 12 months
Food Group MSP from Bač is developing a new concept of cooling by evaporation for small and medium-sized cooling installations. Using an innovative dual-system approach, this solution contributes to significant energy savings, reduces maintenance costs, prolongs the life span of refrigeration units and has a positive impact on environmental protection.
Company: CLEVER
Projekat: Pausal
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 98,360
IF participation: EUR 78,492
Project start: 15.11.2018.
Duration: 12 months
Clever is developing a web application that is also compatible with Android or IOS systems with the intention to significantly save time for small businesses by simplifying their daily business processes. Through the automation of repetitive activities, the system is designed to respond to the most common needs of an entrepreneur.
Company: BOX SYSTEM
Project name: WooBox
Town: Vršac
Industry: Mechanical engineering
Project value: EUR 90,307
IF participation: EUR 76,760
Project start: 1.12.2018.
Duration: 12 months
This startup from Vršac is creating an innovative solution for transporting of fresh goods and foods. The new transport container is made exclusively from natural materials, and is an alternative to Styrofoam products. In addition to decreasing the potential contamination of contents, negative environmental impacts are completely minimized, both in the production process and in the final disposal of the product.
Company: SVEZDRAV REŠENjA
Project name: Heart Care Platform
Town: Klenje, Bogatić
Industry: Information and communication technologies
Project value: EUR 92,420
IF participation: EUR 78,520
Project start: 1.12.2018.
Duration: 12 months
Svezdrav Rešenja is developing an innovative solution for recording ECG, collecting and analyzing big data that will have its use in determining overall heart conditions and its level of stress, while allowing for monitoring, tracking and consulting of users. The system seeks to convert biomedical signals into an audio signal, analyzes this signal in real time and provides efficient management of collected data.
Company: INNSONO
Projekat: SONO360– smart audio interface
Town: Niš
Industry: Information and communication technologies
Project value: EUR 94,056
IF participation: EUR 79,947
Project start: 1.12.2018.
Duration: 12 months
The goal of the Sono360 project is to develop an integrated Smart Audio Interface solution, capable of receiving, localizing and recognizing sounds from the entire 360-degree sound space. The specific features of the new solution make it possible to customize the templates for recording, improve its quality, enable sound detection and recognition of their source, and allows for connection with smart home systems.
Company: PWNRS
Project name: Football Clash Arena
Town: Belgrade
Industry: Software and application development
Project value: EUR 93,104
IF participation: EUR 79,104
Project start: 1.11.2018.
Duration: 12 months
PWNRS is working on a new turn-based football strategy game with a specific concept for various types of platforms and devices, which rewards players through complex decision-making, intuitive gameplay and a vibrant in-game economy. The unique serverless infrastructure behind it allows for high product scalability, with low cost pricing.
Company: URBIGO
Project name: Green Cube – smart indoor garden
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 94,102
IF participation: EUR 79,987
Project start: 15.10.2018.
Duration: 12 months
UrbiGo is developing a new system for cultivating organic plants and mini-vegetables in urban home conditions throughout the year. By connecting the device through a mobile application, this solution enables remote control and provides the end-user with educational content and essential information for successful cultivation of healthy food.
Company: HEARTPAL TECH
Projekat: KardioPal
Town: Belgrade
Industry: Medical and terapeutic devices
Project value: EUR 100.980
IF participation: EUR 79.980
Project start: 15.11.2018.
Duration: 12 months
Heartpal Tech company from Belgrade is developing an innovative solution for rapid diagnosis of health conditions leading to a heart attack in order to help patients receive timely treatment, which is the most crucial factor for saving lives in medical emergencies of this type. The solution consists of a patent-protected diagnostic device that can be easily used by patients and a diagnostic center.
Company: INFORM TECHNOLOGIES
Project name: Swan – compact document and book scanner
Town: Novi Sad
Industry: Information and communication technologies
Project value: EUR 89,160
IF participation: EUR 75,270
Project start: 15.10.2018.
Duration: 12 months
This startup from Novi Sad is building an innovative compact scanner for digitizing and archiving books and documentation. The team’s improved software solution and V-shaped design specificity provide significant benefit to end-users, especially when it comes to speed and ease of scanning already connected material.
Company: PULCAP
Project name: Control of poultry red mite by a mixture of inert oils
Town: Belgrade
Industry: Science
Project value: EUR 101,210
IF participation: EUR 80,000
Project start: 15.11.2018.
Duration: 12 months
Pulcap employs an innovative approach to creating oil-based products for controlling and eradicating red mites in poultry farming. This new product will meet the highest industrial standards without any negative effect on the hens or production of eggs, while generating significant savings for the farms by reducing the number of hen fatalities caused by the red mite parasites. The product will also be environmentally friendly.
Company: KOV TECHNOLOGY
Project name: Vozzi mobile application
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 91,889
IF participation: EUR 72,689
Project start: 15.10.2018.
Duration: 12 months
With the development of their new mobile solution, Kov Technology plans to digitize and modernize the South-Eastern European market for roadside assistance services. Using this app, users will be able to quickly connect to the closest vehicle service providers if they experience car issues while on the road, thus enabling faster services at a lower price.
Company: GLASS SLIPPER
Project name: The Glass Slipper
Town: Belgrade
Industry: Other industrial branches/ Design and production of footwear
Project value: EUR 104,790
IF participation: EUR 80,000
Project start: 1.11.2018.
Duration: 6 months
The internationally composed team behind this company is creating a new line of women’s shoes with a specific modular design to allow for easy and quick change of high heels. The new shoe model will offer a high level of comfort with a very thin structure, the ability to change the shape and height of the heels, and the possibility of redesigning and restoring the shoe, if necessary.
Company: PERUN TECHNOLOGIES
Project name: PUMA – Power Universal Management Agent
Town: Novi Sad
Industry: Energy efficiency
Project value: EUR 84,100
IF participation: EUR 71,475
Project start: 1.02.2019.
Duration: 12 months
Perun Technologies is developing an efficient and sustainable energy router solution for controlling electric energy consumption in one or between multiple households and allowing for peer-to-peer power sharing and storage. Using this rapid-response router, users will be able to control the flow of electricity in accordance with their needs and leverage the device’s interoperability and service-providing abilities to create additional value.
Company: FOOD GROUP MSP
Project name: Modulation of cooling
Town: Bač
Industry: Energy efficiency
Project value: EUR 79,560
IF participation: EUR 67,260
Project start: 1.11.2018.
Duration: 12 months
Food Group MSP from Bač is developing a new concept of cooling by evaporation for small and medium-sized cooling installations. Using an innovative dual-system approach, this solution contributes to significant energy savings, reduces maintenance costs, prolongs the life span of refrigeration units and has a positive impact on environmental protection.
Company: CLEVER
Projekat: Pausal
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 98,360
IF participation: EUR 78,492
Project start: 15.11.2018.
Duration: 12 months
Clever is developing a web application that is also compatible with Android or IOS systems with the intention to significantly save time for small businesses by simplifying their daily business processes. Through the automation of repetitive activities, the system is designed to respond to the most common needs of an entrepreneur.
Company: BOX SYSTEM
Project name: WooBox
Town: Vršac
Industry: Mechanical engineering
Project value: EUR 90,307
IF participation: EUR 76,760
Project start: 1.12.2018.
Duration: 12 months
This startup from Vršac is creating an innovative solution for transporting of fresh goods and foods. The new transport container is made exclusively from natural materials, and is an alternative to Styrofoam products. In addition to decreasing the potential contamination of contents, negative environmental impacts are completely minimized, both in the production process and in the final disposal of the product.
Company: SVEZDRAV REŠENjA
Project name: Heart Care Platform
Town: Klenje, Bogatić
Industry: Information and communication technologies
Project value: EUR 92,420
IF participation: EUR 78,520
Project start: 1.12.2018.
Duration: 12 months
Svezdrav Rešenja is developing an innovative solution for recording ECG, collecting and analyzing big data that will have its use in determining overall heart conditions and its level of stress, while allowing for monitoring, tracking and consulting of users. The system seeks to convert biomedical signals into an audio signal, analyzes this signal in real time and provides efficient management of collected data.
Company: INNSONO
Projekat: SONO360– smart audio interface
Town: Niš
Industry: Information and communication technologies
Project value: EUR 94,056
IF participation: EUR 79,947
Project start: 1.12.2018.
Duration: 12 months
The goal of the Sono360 project is to develop an integrated Smart Audio Interface solution, capable of receiving, localizing and recognizing sounds from the entire 360-degree sound space. The specific features of the new solution make it possible to customize the templates for recording, improve its quality, enable sound detection and recognition of their source, and allows for connection with smart home systems.
Company: PWNRS
Project name: Football Clash Arena
Town: Belgrade
Industry: Software and application development
Project value: EUR 93,104
IF participation: EUR 79,104
Project start: 1.11.2018.
Duration: 12 months
PWNRS is working on a new turn-based football strategy game with a specific concept for various types of platforms and devices, which rewards players through complex decision-making, intuitive gameplay and a vibrant in-game economy. The unique serverless infrastructure behind it allows for high product scalability, with low cost pricing.
Company: URBIGO
Project name: Green Cube – smart indoor garden
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 94,102
IF participation: EUR 79,987
Project start: 15.10.2018.
Duration: 12 months
UrbiGo is developing a new system for cultivating organic plants and mini-vegetables in urban home conditions throughout the year. By connecting the device through a mobile application, this solution enables remote control and provides the end-user with educational content and essential information for successful cultivation of healthy food.
Company: HEARTPAL TECH
Projekat: KardioPal
Town: Belgrade
Industry: Medical and terapeutic devices
Project value: EUR 100.980
IF participation: EUR 79.980
Project start: 15.11.2018.
Duration: 12 months
Heartpal Tech company from Belgrade is developing an innovative solution for rapid diagnosis of health conditions leading to a heart attack in order to help patients receive timely treatment, which is the most crucial factor for saving lives in medical emergencies of this type. The solution consists of a patent-protected diagnostic device that can be easily used by patients and a diagnostic center.
Company: INFORM TECHNOLOGIES
Project name: Swan – compact document and book scanner
Town: Novi Sad
Industry: Information and communication technologies
Project value: EUR 89,160
IF participation: EUR 75,270
Project start: 15.10.2018.
Duration: 12 months
This startup from Novi Sad is building an innovative compact scanner for digitizing and archiving books and documentation. The team’s improved software solution and V-shaped design specificity provide significant benefit to end-users, especially when it comes to speed and ease of scanning already connected material.
Company: PULCAP
Project name: Control of poultry red mite by a mixture of inert oils
Town: Belgrade
Industry: Science
Project value: EUR 101,210
IF participation: EUR 80,000
Project start: 15.11.2018.
Duration: 12 months
Pulcap employs an innovative approach to creating oil-based products for controlling and eradicating red mites in poultry farming. This new product will meet the highest industrial standards without any negative effect on the hens or production of eggs, while generating significant savings for the farms by reducing the number of hen fatalities caused by the red mite parasites. The product will also be environmentally friendly.
Company: KOV TECHNOLOGY
Project name: Vozzi mobile application
Town: Belgrade
Industry: Information and communication technologies
Project value: EUR 91,889
IF participation: EUR 72,689
Project start: 15.10.2018.
Duration: 12 months
With the development of their new mobile solution, Kov Technology plans to digitize and modernize the South-Eastern European market for roadside assistance services. Using this app, users will be able to quickly connect to the closest vehicle service providers if they experience car issues while on the road, thus enabling faster services at a lower price.
Company: GLASS SLIPPER
Project name: The Glass Slipper
Town: Belgrade
Industry: Other industrial branches/ Design and production of footwear
Project value: EUR 104,790
IF participation: EUR 80,000
Project start: 1.11.2018.
Duration: 6 months
The internationally composed team behind this company is creating a new line of women’s shoes with a specific modular design to allow for easy and quick change of high heels. The new shoe model will offer a high level of comfort with a very thin structure, the ability to change the shape and height of the heels, and the possibility of redesigning and restoring the shoe, if necessary.
Company: PERUN TECHNOLOGIES
Project name: PUMA – Power Universal Management Agent
Town: Novi Sad
Industry: Energy efficiency
Project value: EUR 84,100
IF participation: EUR 71,475
Project start: 1.02.2019.
Duration: 12 months
Perun Technologies is developing an efficient and sustainable energy router solution for controlling electric energy consumption in one or between multiple households and allowing for peer-to-peer power sharing and storage. Using this rapid-response router, users will be able to control the flow of electricity in accordance with their needs and leverage the device’s interoperability and service-providing abilities to create additional value.