Sitemap

Serbia’s economy based on innovation, knowledge, entrepreneurship

More...

Celebration Of Sixth International Day Of Yoga In Serbia

The Embassy of India in Belgrade in...

Friends Of Kazakhstan Club

On 24 June a presentation of the...

News

Agreement On Normalisation Of Economic Relations Between Belgrade And Pristina Signed

President of Serbia Aleksandar Vucic and Prime Minister of the Provisional Institutions of Kosovo Avdullah Hoti signed an Agreement...

Montenegro Election: First Projections Point To A Tight Race

In Montenegro, the ruling DPS was nearly neck-and-neck with its main rivals, according to early and incomplete projections of...

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism” project has awarded one million euros for 120 projects aimed at supporting...

UNDP And Embassy Of Slovakia Present Feasibility Study On Use Of Thermosolar Energy

The Mayor of Belgrade, Zoran Radojičić, met with the Ambassador of Slovakia to Serbia, H.E. Fedor Rosocha and Resident...

The EU Does Not Recognize Belarus Election Results

Members of the European Council held a video conference, at which they discussed the situation after the presidential elections...

Prime Minister Ana Brnabić told tonight the winners of the public call for funding innovative projects that they are an important part of Serbia’s economy based on innovation, knowledge and entrepreneurship.

Brnabić attended a ceremony at the Yugoslav Film Archives Museum where, together with representatives of the European Union and the World Bank, she delivered certificates of funding and realisation of 22 innovative projects financed with €3 million from the Innovation Fund.

She said that the state will create a legal framework so that all of us together could promote a different economic growth paradigm.

The Prime Minister said that a healthy, sustainable economy is based on start-ups, entrepreneurship, and small and medium-sized enterprises, which are the spine of a healthy economy.

Entrepreneurs are people who are brave enough, persistent and believe in their ideas, the Prime Minister said, adding that this year the government of Serbia has allocated about €6 million to support innovative projects.

We will try to set aside more money from the budget next year, but also to get greater support from partners from the EU and the World Bank, she added.

Ivan Rakonjac, the Director of the Innovation Fund, said that 22 out of 218 submitted projects will be financed this year, and the total budget is €4.5 million, of which €3 million is given as a grant, and €1.5 million is provided by the companies themselves.

Regional Director of the World Bank for the Western Balkans Linda Van Gelder said that innovation through job creation has a significant impact on economic growth, but that there are usually two reasons why it sometimes does not work.

Companies are reluctant to opt for innovation and accept new technologies, and the state is also reluctant to fund innovative solutions, Van Gelder pointed out, adding that Serbia is an exception.

According to her, Serbia is one of the first countries in the region that decided to set innovation as an imperative.

Head of the Delegation of the European Union to Serbia Sem Fabrizi said that the Union was the first partner of the Innovation Fund when it was founded in 2011 and that a donation of €8.4 million was granted when 55 innovative projects were financed.

Fabrizi noted that the revenues generated and the jobs that were open exceeded all expectations.

Good ideas and good funding create jobs, bring growth and prosperity, Fabrizi said, and stressed that science is not a cost, but an opportunity for the country.

Minister of Education, Science and Technological Development Mladen Sarcevic also attended the ceremony, and company Glas Slipper presented its project – a new line of women’s shoes combining carbon fibre with a design for fast and easy change of high heels, as well as company Alfa Klima – a new design for production of heat pumps based on propane.

Related Articles

EU Awards One Million EUR In Grants For COVID Recovery In Tourism Sector

“#EUzaTebe – For Cultural Heritage and Tourism” project has awarded one million euros for 120 projects aimed at supporting the tourism sector affected by...

The Power Of The Virus & The Scale Of The Crisis

Just as it isn't known how long the pandemic will last, when a vaccine will be found and what kind of autumn awaits us,...

H.E. Sem Fabrizi, Ambassador and Head Of The Delegation Of The EU To Serbia

Constructive Dialogue Needed

The current polarization is not healthy, particularly in a delicate phase when the fight against COVID-19 requires unity. This is the reason why the...

Rio Tinto’s Project On Jadar Of Great Importance For Serbia

Prime Minister Ana Brnabic held a meeting today via video link with representatives of the international mining and metal group Rio Tinto, during which...

Farewell Visit Of The Ambassador Of Israel To Serbia

Prime Minister Ana Brnabic met with Ambassador of Israel to Serbia Alona Fisher Kamm and on that occasion pointed out that relations between the...

EU Supports Serbia’s Fight Against Coronavirus By Hiring 200 Medical Professionals

Doctor, nurses, administrative staff—some 200 medical professionals will be given employment as part of the European Union’s assistance in fighting coronavirus in Serbia. Head of...

Xingyu Automotive Building €60 Million Facility In Nis

Prime Minister of Serbia Ana Brnabic and Ambassador of China to Serbia H.E. Chen Bo visited the ongoing construction site of the Xingyu Automotive...

Belgrade Welcomes Pristina’s Decision To Repeal Measures

Prime Minister Ana Brnabic today welcomed the decision of Pristina to abolish the measures that hindered the entry of Serbian goods into Kosovo-Metohija. During her...