The Business Innovation Centre of Croatia (BICRO Ltd.) is an innovation and investment company established by the Croatian government in 1998. Its
establishment was initiated by the MSES with the main aim to develop a financial system to support innovation and technology based - businesses in Croatia.

The objectives of BICRO are:
• To increase commercialization of knowledge;
• To raise awareness about the value of innovation;
• To transfer knowledge and technology solutions from science and business;
• To establish knowledge and technology based companies;
• To develop an adequate technology infrastructure;
• To create venture capital industry;
• To increase competitiveness and introducing new products to the market;
• To strengthen the cooperation between science and business, and creating public-private partnerships with the aim of jointly investing in innovation.

Between 2001 and 2006, BICRO operated the RAZUM programme aimed at supporting knowledge -based companies. With assistance through the TAL-2 project and the Science and Technology Project (STP) supported by the World Bank, BICRO has evolved into a leading innovation agency responsible for managing and implementing the research-based innovation programmes in Croatia.

The Centre manages six national development programmes supporting technology development (Support for Entrepreneurship Based on Innovation and New Technologies):
• Seed Capital Programme (RAZUM);
• Technology Infrastructure Development Programme (TehCro);
• Venture Capital Programme (VenCro);
• R&D Programme (IRCro); and
• Competitiveness Upgrading Programme (KonCro)
• Proof of Concept Programme (PoC)

Those programmes are implemented across the whole country and administered exclusively by BICRO. The Business Innovation Centre of Croatia (BICRO) is crucial agency for implementation of innovation policy measures and programs in Croatia. Currently, BICRO runs four programmes relating to R&D and innovation, titled RAZUM, TEHCRO, IRCRO, and PoC.

Contact Person:
Dalibor Marijanović, Director
E-mail: dalibor.marijanovic@bicro.hr