Sitemap

New Project To Support Innovation Driven Economy In Serbia

CorD Recommends

European Parliament Members Endorse Western Balkan Reform and Growth Instrument

Members of the European Parliament's committees on...

US Leads Global Oil Production for the Sixth Consecutive Year

The United States has maintained its position...

Putin Wins Russian Election Decisively

Presidential candidate Vladimir Putin has won 87.26 percent of the vote based on 60 percent of the ballots counted,...

Vaughan Gething to Become First Black Welsh Premier and First Black Leader in Europe

Vaughan Gething is set to make history as the first black Premier of Wales following his victory in the...

New ENEF II Fund to Propel Growth in Western Balkans

The European Bank for Reconstruction and Development (EBRD) has announced the introduction of the Enterprise Expansion Fund II (ENEF...

European Parliament Passes Groundbreaking AI Law

The European Parliament has adopted the Artificial Intelligence (AI) Act, aiming to safeguard fundamental rights, democracy, the rule of...

Mariya Gabriel Endorses Horizon Europe’s Widening Measures to Bridge Research Gap Ahead of Bulgarian Premiership

Mariya Gabriel, set to ascend to Bulgaria's prime ministerial role in March, champions Horizon Europe's Widening measures as a...

Serbia Innovates will create the first Serbian Supercluster to bolster country’s competitive advantages on international markets

ICT Hub, as a Center for Technological Entrepreneurship and Innovation, with the support of USAID Serbia, launched the Serbia Innovates Project. This project will last four-and-a-half-years and will be working on creating an innovations-friendly environment that will accelerate the development, introduction and scale-up of new economic models. The goal of the project will be to strengthen the innovation driven Serbian economy, encouraging its further development, competitiveness, and export potential.

The idea behind the project is to create new opportunity to strengthen Serbia’s economy through the model that enforces sustainable innovation development and encourage industry leaders, traditional companies, small and medium-sized companies, startups and academic and research institutions to innovate and collaborate on large-scale projects, in order to speed up growth in some of Serbia’s most promising industries.

“The project will create systemic change, bringing new, sophisticated production, using some of the most advanced methods in delivering innovative products and becoming the source of Serbia’s competitive advantage on international market. Our aim is to recognize Serbia’s most promising domains of innovation and enable the formation of the first Serbian Supercluster in this field. As a globally proven methodology, it represents an effective platform for promoting and enforcing innovation development, building innovation friendly environments, and providing adequate institutional support and sufficient financing”, said Aleksandra Popović, director of the Serbia Innovates project, and added “It will offer a competitive edge that boosts the entire economy, opening a whole new world of opportunities”.

The project will map the fields of innovation in the country, conduct a massive research and identify four competitive domains in which Serbia has the greatest potential. Their potential in real environment will be tested by conducting 4 separate supercluster pilots, eventually choosing one final domain, scaling it and implementing the development of the first Serbian Supercluster.

By building key partnerships with investment groups including SMEs, startups, key industry leaders, investors, academia, relevant government institutions and forming a Venture Capital fund generating external funding to specific projects produced by the supercluster, further access to finance will be made possible for innovative companies.

With that support system, further access to finance will be made possible for innovative companies, as well by forming a Venture Capital fund generating external funding to specific projects produced by the supercluster. By communicating, explaining, educating and promoting the purpose of the activity to all stakeholders, the project will work on improving the image of Serbian products and attracting additional investments.

Related Articles

Aleksandar Goračinov, Project Director, SME Hub

Encouraging Domestic Producers To Grow And Develop

The project SME HUB is the result of a public-private partnership between the Government of Switzerland, which is represented by the Swiss Agency for...

Brooke Isham, USAID Serbia Mission Director

Empowering Citizens For Progress

USAID's support to Serbia encompasses programs that promote citizen engagement in tackling local challenges, fostering entrepreneurship and innovation, while they aim to address identified...

Trag Foundation Announced The Winners Of The 16th Virtus Award For Philanthropy

Trag Foundation announced the winners of the VIRTUS Award for Philanthropy for the 16th year in a row, awarding companies, enterprises and individuals who...

Ministry Of Mining And Energy And USAID Forge Energy Partnership

The Ministry of Mining and Energy (MoME) and the United States Agency for International Development (USAID) signed a Memorandum of Understanding (MOU) today to...

United States Donation For Strengthening “Batut” Public Health Institute

USAID Serbia Mission Director Brooke Isham, together with the Ministry of Health, UNDP, WHO and USAID’s E-Health Project officials, visited the premises of the...

DFC Announces Partnership With Four Commercial Banks

U.S. International Development Finance Corporation (DFC) announced the launch of four new loan portfolio guarantees with ProCredit, Addiko, Banka Intesa and Raiffeisen banks, in...

USAID And Youth With Disabilities Forum Launched Project To Empower Persons With Disabilities

the United States Agency for International Development (USAID) and the Youth with Disabilities Forum launched a four-year, $2 million Economic Empowerment of Persons with...

New USAID Project To Attract Investments In Energy In The Region

Ambassador Christopher Hill and Deputy Prime Minister and Minister of Mining and Energy Zorana Mihajlović launched USAID’s new five-year, $20 million Regional Investment in...