The City of Niš has Allocated Grant Funds in the Amount of 6 Million Dinars for Supporting Innovations
Out of a total of 18 applications received for the Public Call, six companies are the winners of non-reimbursable support, in the form of small value state aid, for the development of innovative activities, with the obligation to employ unemployed persons.
The allocated funds will be designated for innovation development costs (proof of concept and/or prototype, implementation and commercialization of the innovation), which will further include professional and infrastructural support, which will be reflected in business model development consulting, legal and administrative consulting, trainings, intellectual property protection, investment preparation, mentoring, visibility, and promotion, which will be provided by the Science and Technology Park Niš.
It is possible to direct the funds towards the costs of wages and/or compensation costs, costs related to the procurement of equipment, as well as costs related to research and testing.
Some criteria that the expert committee looked at during the application process for this Public Call related to the structure and dedication of the team, market potential, as well as how innovative the service or product is.
The Science and Technology Park member companies that are recipients of non-reimbursable support are:
• Nais Robotics,
• ByTech Company,
The goal of allocating funds is to support the development of innovations and new innovative and high-tech products, services, processes, and the creation of knowledge-based innovative companies, increasing the competitive ability of companies through the financing of innovative market-oriented projects.