World Bank, Innovation Fund of Serbia

Serbia was one of the first countries in the region to embrace the so-called innovation imperative, that is the notion that successful participation in the global knowledge economy requires the ability to adapt and advance new technological and research capabilities that involve public and private collaboration.
Operational since 2011, the Innovation Fund has been a pioneering effort to operationalize and institutionalize this imperative – first by increasing the capacity of startups and resources available for their growth. It is part of a broader innovation strategy now under development.