Official title of the project

Integrated Innovation Suppoprt Programme (IISP)


Project information

Increasing SME competitiveness in Serbia through innovation training and development of equity–based financing
Region / City
Total budget of programme / project

3.5 m €

Implementation period
2011. Oct - 2013. Dec
Expected results

1.       Capacity for innovation support policy making on central and local level;

2.       400+ innovative SMEs trained in innovation management and accessing finance;

3.       12 Technology Brokers and 7 Local Initiatives for innovation support established.


Ministry of Finance and Economy (MoFE)

Ministry of Education and Science (MoES)

National Agency for Regional Development (NARD)


Innovation Fund (IF)

Serbian Business Angels Network (SBAN)

Serbian Private Equity Association (SPEA)

Target Groups

Innovative SMEs

Financing institutions

Programme/Project objectives

  1. Increased competitiveness and growth of SME sector;
  2. Institutional capacity for innovation in enterprises;
  3. Promotion of equity–based finance for innovative enterprises;
  4. Promotion of science–enterprise interfacing and local–level innovation support.

More details on project

GFA Consulting Group GmbH, Hamburg / FRG

Project director: Mr. Ulrich Theuerkauf,