The Innovation Fund of Montenegro has launched a tender for the selection of a partner to implement the activities of the new Regional Accelerator for Sustainability and Artificial Intelligence (AI), which will focus on supporting the development of startups from Montenegro and the region.
The tender has been published on the CEJN platform (https://cejn.gov.me/) and is open from July 2 until August 1, 2025, at 3 PM. Applications must be submitted electronically via the mentioned portal.
This initiative is being implemented within the framework of the Innovation Fund’s new programme – the Regional Accelerator for Sustainability and AI – financed through the Programme of Investments of Special Importance for the Economic and Business Interests of Montenegro. A total amount of €1,500,000 including VAT has been secured for its implementation.
The tender is open to international and local legal entities that meet all the requirements defined in the tender documentation.
The Regional Accelerator for Sustainability and AI is designed to support early-stage tech companies with high growth potential. The goal is to enable startups from Montenegro, as well as those from the region wishing to relocate their business to Montenegro, to grow faster through structured support processes.
The accelerator will offer startups bootcamp training, collaboration with international mentors, access to global investors and markets, and connections with key industry stakeholders. In this way, it will address the problem of limited access to investors and markets, which currently hinders the growth of domestic innovative companies.
The programme will also provide continuous support beyond the initial development phase, addressing the challenge of insufficient funding for transitioning from development to market entry. While startups may successfully validate their ideas, they often lack the resources needed for production, scaling, and business expansion – challenges the accelerator will systematically address.
In addition, the accelerator will offer support throughout all stages of development, further addressing the need for accelerated growth and internationalisation. This model will enable startups to gradually transition from early development to global expansion, with technical, mentoring, and financial support.
The selected partner, in cooperation with the Fund, will develop and implement all phases of the programme – from promotion and startup selection, through training and mentorship, to connecting with international investors and providing post-programme support.
This initiative aims to position Montenegro as a regional innovation hub, attract talent and investment, strengthen the domestic economy, and create the conditions for the development of innovative companies capable of operating and growing on a global level.
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