Awarding of the Innovation Vouchers

Date: 13.02.2018

January 30, 2018, Belgrade
The company DOO MARTENZIT BOR, only from the East Serbia, in cooperation with the Mining and Metallurgy Institute Bor, is one of the winners of Innovation Vouchers in the amount of 560. 000 RSD for implementation the Project: Development of Technology for Recycling of Diamonds, Cobalt and Tungsten from Diamond Bits of Drilling Rigs.
The Minister of Science and Technological Development, Mr. Mladen Šarčević, and the Minister in charge for Innovation and Technological Development, Mr. Nenad Popovic, awarded the Innovation Vouchers to the winners.



The Innovation Fund has today awarded 35 Innovation Vouchers to 28 Serbian companies in the total amount of 22.16 million RSD. At the public call, opened on December 21, 2017, over a month ago, more than 40 companies have applied to the Fund requiring the services of a scientific-research organization to solve a technical or technological problem in order to raise the level of innovation of their products and become more competitive on the market.
The Innovation Voucher covers up to 80% of the total cost of service, that is, the companies are obliged to co-finance the remaining amount, including also the value added tax. In the pilot phase of the program of Innovation Vouchers, the companies were able to apply for maximum of two Innovation Vouchers in the total amount of 1.2 million RSD.
The Innovation Vouchers are still one of the services within the Technology Transfer Program of the Innovation Fund, whose purpose is to encourage the transfer of public research results to the private sector, in order to create the products and services that will improve the Serbian economy.
Design and procedures for implementation the Innovation Voucher scheme have been prepared within the Project “Support to Research, Innovations and Technology Transfer”, funded by the IPA funds of the EU for 2013, administered by the World Bank, while the funds for implementation are provided from the budget of the Government of the Republic of Serbia under the Ministry of Education, Science and Technological Development through the “Project for Improvement of Competitiveness and Employment” (the loan agreement of the Republic of Serbia with the World Bank).


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