Innovation Fund announces new public calls – Application starts for Mini Grants Program and Matching Grants Program

The Innovation Fund has announced a new public call for Mini Grants Program and Matching Grants Program under which it will award up to EUR 4,5 million with the goal to stimulate innovative entrepreneurship of small and medium-sized enterprises (SMEs).

The public call which is open until July 1, 2019 is being funded through the IPA project “New products and services developed through research commercialization in the SMEs”.

The Mini Grants program is aimed at private young micro and small enterprises incorporated for no longer than three years at the time of application which are engaged in the development of technological innovations with a clear market need . Innovative projects of the enterprises are financed with up to EUR 80,000.

The Matching Grants program is designed for micro, small and medium enterprises looking for significant financial resources for development stages of technological innovations and covering the high costs of developing the research in to a commercially sustainable product service. Innovation projects are financed with up to EUR 300,000.

Applications must be submitted through the Innovation Fund online application portal.