The Innovation Fund of Montenegro announced a Public Call for Collaborative Grants for Innovation on June 28, 2022. The Fund will co-finance innovative projects in the total amount of 670,000 euros for a period of up to two years, and co-financing amount for accepted projects is to up to 100,000 euros .

Collaborative Grants for Innovation program is designed for micro, small and medium-sized enterprises to implement innovative projects in cooperation with scientific research institutions and/or other micro, small and medium-sized enterprises with the aim of creating new products, services, technologies with sustainable impact and market potential.

The main objective of the Program for Collaborative Grants For Innovation is to encourage micro, small and medium enterprises (MSMEs) to actively and meaningfully collaborate with research and development (R&D) institutions and/or other MSMEs in commercially focused innovative projects with the goal of creating new or improved market-oriented products, services, technologies and processes.

Grants will enable co-financing of up to 80% of the total costs of the project for micro and small enterprises, or up to 70% for medium-sized enterprises.

Applications can be submitted no later than September 27, 2022, by 2:00 p.m.

You can find more information about this Public Call HERE