The public call, which was open from 8 May 2023 to 25 June 2023, received applications from 25 companies.
In accordance with the Rulebook on the Evaluation Process, the Fund’s Commission conducted an administrative check of each application. The projects were subsequently evaluated by international experts, who were assigned projects according to the specific area of support.
Following the evaluation process, seven projects were selected: five in the field of Information and Communication Technologies, and one project each in the fields of Sustainable Agriculture and Food Value Chains and Energy and Sustainable Environment.
The main objective of the Proof of Concept (PoC) Programme is to support early-stage innovation by providing pre-commercial funding for the technical and commercial validation of an innovative concept, while also strengthening the research, development and innovation capacities and capabilities of the private sector and scientific research institutions.
The support is aimed at projects with clearly defined expected results, in line with the aforementioned objectives of the Programme. The table below presents the list of approved projects, together with additional information. LIST
Fund recipients
Project name
Analysis of the Potential of Flexible Electricity Consumption for Establishing the First Aggregator in Montenegro
Project description
Electricity generation from renewable energy sources (RES), such as solar and wind power plants, relies on the availability of natural resources and is entirely dependent on weather conditions, such as sunlight and wind. However, it has been demonstrated that significant balancing potential lies in the effective management of electricity consumption. Demand-side management involves modifying consumption patterns among certain consumers through various methods, such as financial incentives or energy savings. Within this project, the potential of flexible electricity consumption will be assessed. In addition, the results of this research will serve as a basis for developing a unified flexible consumption concept, known as an “aggregator,” with its results and economic viability to be presented at the end of the project.
Project name
E-navigation for Non-SOLAS Vessels
Project description
The purpose of this project is to validate the concept of an E-navigation system for non-SOLAS vessels and to develop a prototype to demonstrate the concept in practice, using the Bay of Kotor as a case study. By using a smartphone or a dedicated device (a prototype of which would also be developed as part of the project), GPS (Global Positioning System) signals, an appropriate cloud-based computing platform, and the development of the necessary applications, an E-navigation system would be designed to enable vessel users to view their own route and those of nearby vessels, as well as information on maritime routes and hazardous or restricted zones or locations. The system would also enable the relevant authorities to monitor the movement of these vessels and identify them.
Project name
Procijeni.me – Machine Learning-Based Real Estate Valuation Platform
Project description
This innovative web platform aims to revolutionize real estate valuation through the integration of machine learning. Its primary purpose is to provide accurate, efficient, and transparent property valuations while creating added value for appraisers, financial institutions, insurance companies, real estate agencies, public enforcement officers, and the general public.
Project name
Hygienic Bee Watering System
Project description
The aim of the project is to demonstrate the functionality of an innovative bee watering system, with a focus on reducing the workload of beekeepers, improving bee health, and preserving the ecosystem. The hygienic bee watering system places particular emphasis on ecosystem preservation and improving bee health through innovative watering solutions. The data collected during the project will provide clear insights into the effectiveness and functionality of the watering system, as well as guidance for future research, potential investment, and further project development.
Project name
Predictive and Recommendation Models for Banking Collection Processes
Project description
Predictive and recommendation models for banking collection processes will use artificial intelligence to improve collection processes in banks, reducing the risk of non-performing loans and enhancing customer satisfaction. The objectives of the project are to reduce the percentage of non-performing loans in the bank’s total loan portfolio and improve overall customer satisfaction with banking services.
Project name
AIHeal – Artificial Intelligence-Based Healthcare System
Project description
An artificial intelligence-based diagnostic platform that enables physicians to follow diagnostic decision-making protocols in an understandable manner, with greater accuracy and access to all relevant information. In this way, physicians gain access to a platform they can trust, ensuring better, faster, more reliable, safer, and more cost-effective medical care.
Project name
Solar Katun
Project description
The company plans to implement a multifunctional, mobile, and easily transportable solar power plant designed to provide electricity wherever needed. The power plant is designed to supply a range of equipment routinely used by farmers, from irrigation systems and electric fencing for livestock protection to video surveillance systems for livestock security and monitoring. In addition, the solar power plants will enable the provision of a local wireless communication network as a foundation for further digitalization of agricultural and livestock production.
