Serbia Research, Innovation and Technology Transfer Project

The Innovation Fund is implementing the EUR 6.9 million Serbia Research, Innovation and Technology Transfer Project (Project), which is financed by the 2013 European Union Instrument for Pre-Accession Assistance (IPA) in the amount of EUR 4.9 million, and co-financed by the Republic of Serbia and the Serbian private sector in the amount of EUR 1 million each.

The Project builds on the successes of the Innovation Serbia Project (ISP), which was also implemented by the Innovation Fund in the period 2011-2016. Innovation Serbia Project was financed from 2011 EU IPA funds and administered by the World Bank.


The objective of the Project is to stimulate collaboration between public research and development (R&D) sector and the private sector in order to commercialize R&D and promote technology transfer.

This pilot Project will facilitate reorientation of the public research sector toward the needs of the private sector and support a framework for increasing the efficiency of future investments in research and innovation in Serbia.


Component 1 – Technology Transfer Facility. This component supports the establishment of a centralized Technology Transfer Facility (TTF) within the Innovation Fund, employing international and local experts in order to stimulate and coordinate technology transfer of public R&D organizations. It also provides support services to local Technology Transfer Offices (TTOs), research and development (R&D) and innovation support organizations to enhance their capacity and effectiveness to consummate deals.

Component 2 – Collaborative Grant Scheme. A new financial instrument designed with the technical assistance from the World Bank, and managed and implemented by the Innovation Fund.

The Collaborative Grant Scheme provides financial assistance in the form of subgrants of up to EUR 300,000 to consortia consisting of at least one Serbian private-sector company and at least one registered Serbian R&D organization, with the aim of bringing together the best potential from the private and public research sectors in implementing activities which will explore research and technological potentials and provide clear prospects for commercial use and exploitation.

Component 3 – Development of an R&D and Innovation Strategy, an R&D Infrastructure Roadmap and corresponding Action . This component is led by the Ministry of Education, Science and Technological Development (MoESTD) with technical assistance from the World Bank.

Source: InnovationFund

Project type
  • IPA
Geographical focus
  • Serbia
Scientifc field / Thematic focus
  • Engineering and Technology
December 2014 - July 2018

Entry created by Anna Sirocco on July 13, 2016
Modified on July 13, 2016