The Public Call was open from 23 April to 3 June 2025.
A total of 111 applications were received, of which 92 proceeded to international evaluation following the administrative check.
The expert committee, composed of three international experts, selected 30 teams for the second phase, during which participants had the opportunity to present their innovative ideas in person.
Based on the committee’s final assessment, 13 projects were recommended for funding. One team subsequently withdrew from the project, resulting in 12 signed contracts with a total value of EUR 390,789.40. The total budget of the Public Call amounted to EUR 400,000.00.
The Fund’s programme provides grants of up to EUR 30,000.00 per project, with the Fund covering up to 90% of the total budget, while the remaining 10% is provided by the applicants. In addition, beneficiaries receive an additional EUR 5,000.00 for mentoring support.
Grant beneficiaries have six months to implement their project activities. During this period, assigned mentors provide support focused on market orientation, increasing technological readiness through the development of a prototype, MVP or pilot product, as well as developing a sustainable business model. Mentoring support also includes preparation for subsequent fundraising stages.
Details of the supported projects are available below.
Fund recipients
Project name
Finsight AI – AI business assistant
Project description
A financial assistant for SMEs based on RAG AI technology, enabling business decision-makers to quickly, easily and intuitively access key financial data from ERP systems through conversational interaction, without requiring technical or accounting knowledge.
Project name
Book an Appointment
Project description
Mobile and web application for booking sports facilities for amateur sports.
Project name
Smart Bill Management and AI Assistant for Households
Project description
Intelligent platform for unified bill payments, cost optimisation and financial education, powered by artificial intelligence.
Project name
ChainSight
Project description
AI-powered decision-making system designed to optimise key supply chain processes, particularly sales and operations planning, with the aim of achieving greater efficiency and profitability.
Project name
Modular Aluminium Pedestrian Bridges
Project description
Project develops modular aluminium pedestrian bridges with lightweight and durable truss structures, designed for rapid assembly and versatile applications in urban, rural and emergency settings.
Project name
Smart Adventure Through Cultural Heritage
Project description
Development of an innovative family tourism service that uses digital technologies, robotics and modern gamification-based learning concepts to engage and educate young tourists (school-age children) about the beauty, attractions, traditions and cultural heritage of Montenegro.
Project name
PhysioAide: Remote Recovery and Rehabilitation Management Platform
Project description
A digital platform that connects physiotherapists and patients to support guided recovery through interactive exercise tracking, personalised protocols and real-time communication.
Project name
Sorriso
Project description
Enabling a user-friendly patient journey that leads to improved health outcomes.
Project name
Tinker
Project description
A smart app-based mobile platform designed to transform the way people move along the Montenegrin coast. Starting with water taxis, Tinker enables users to easily book, pay for and enjoy premium rides.
Project name
Smart Monitoring and Verification of the Electricity Transmission Network
Project description
Digital twin for monitoring energy transmission systems.
Project name
SeaOps
Project description
Yacht management software.
Project name
Worketty
Project description
Worketty is a digital platform transforming the way employers and talent connect, enabling candidates to showcase themselves through AI-powered personalised profiles while providing employers with access to a smart and easily searchable talent database.
