The Innovation Fund opened a new public invitation for the project financing in the framework of the program “Smart Start” intended for the promising and highly motivated teams offering technical solutions with high potential of growth for different market problems.
The participants in the program have at their disposal non-repayable funds of 5.4 million dinars per individual project and the Fund offers financing to ambitious teams up to 90% of the expenses of the total budget of the program.
Support Program Smart Start is focused on the validation and demonstration of the usefulness of the products, services and technologies, as well as the development of the first prototypes or minimally sustainable products.
Apart from financial support, the program offers also mentorship, that will help teams from 2 to 5 members in the implementation of the first phase of the market survey, development of products and establishment of business models.
The deadline for the registration of innovative projects is February 1st, 2024 till 12 a.m. The registrations from all fields of science and technology are filed by means of a portal and the necessary documentation is placed on the Internet page of the Innovation Fund.
Find out more on the website of the Fund.