[Call Announcement] Call for Serbia Ventures Program

The program is designed to incentivize private investors, high net worth individuals and institutions to engage in financing startups with high growth potential by incorporating venture capital funds in Serbia. Through this program, the Innovation Fund will invest into newly established venture capital funds in Serbia in the role of a limited partner and help these funds generate a significant market impact on Serbia’s innovation ecosystem.

Amount of financing:

  • up to EUR 5,000,000 per each individual venture capital fund, provided the mandatory precondition that the selected VC fund has already raised or has generated commitments from its limited partners/investors to raise at least the same amount of capital within 12 months of achieving its first close

Eligibility criteria:

  • LLCs or joint stock companies duly established in Serbia and incorporated in the SBRA
  • Majority privately owned