The Innovation Fund of Montenegro announced a Grants Call

The Innovation Fund of Montenegro has announced a public call for the award of collaborative grants for innovation.

The main goal of the Collaborative Innovation Grants Program is to encourage micro, small and medium enterprises (MSMEs) to actively cooperate with research institutions and / or other MSMEs on commercially oriented innovative projects in order to create new or improved market-oriented products, services, technology and processes.

The Fund awards grants in the maximum amount of EUR 100,000 per approved project, which can cover up to 80% of the total project costs for micro and small enterprises, and up to 70% of the total project costs for medium enterprises. The Applicant is obliged to provide the remaining amount of funds from its own sources.

The public call is open until September 27, 2022, and more information can be found here.

The application process for the Collaborative Innovation Grants Program takes place through the Funds portal.

For all additional questions, email is available: cgi@fondzainovacije.me or contact phone 020 653 891.