Startups Programme Funded by Government with Up to 4.5 Million EUR

By , 29 Dec 2018, 23:31 PM Business
Startups Programme Funded by Government with Up to 4.5 Million EUR Copyrights: Pixabay

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29 December 2018 - The Government of Montenegro adopted the Programme prepared by the Ministry of Science for encouraging innovative startups in Montenegro, which will contribute to the creation of attractive solutions for the innovative ecosystem.

The Program was adopted along with the Action Plan 2019-2021 and represents the result of a half-year cooperation within the national partnership for creating an innovative ecosystem and expert support, through the project Horizon 2020.

“The Program itself includes measures for eliminating legal obstacles, development of advanced financial systems, encouraging and attracting talents with the aim of creating knowledge and new values, fostering an entrepreneurial culture and access to markets of innovative and entrepreneurial projects,” the Ministry of Science said.

The Government allocated around 4.5 million EUR for encouraging innovative startups over three years.

At the World Summit Awards in Vienna, which took place in March 2018, the Montenegrin innovation was named the best innovation in the Business and Commerce category. The World Summit Awards is awarded each year to local digital innovations that, by their creation and action, managed to create value that has influenced the development and prosperity of society. is a Montenegrin startup founded in 2016 by young researchers Elma Hot and Alija Dervic, students of the Faculty of Electrical Engineering at the University of Montenegro. Elma is a student of master studies and is engaged in the first Montenegrin Centre for Excellence in Bioinformatics (BIO-ICT). After completing his master's studies and engagements at the BIO-ICT Centre, Alija continued his Ph.D. studies at the Technical University of Vienna, where he was engaged at the EMCE Institute.

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