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Home›Serbian finance›EU and World Bank to fund Serbian start-up community

EU and World Bank to fund Serbian start-up community

By Corey Owens
May 20, 2022
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In the presence of the President of the Republic of Serbia Aleksandar Vucic and the President of the European Council Charles Michel, an agreement was signed that will allow joint funding of Serbian researchers and the start-up community by the European Union and the World Bank a total amount of 84.5 million euros.

The agreement was signed at the Science and Technology Park in Belgrade by Head of the EU Delegation to Serbia Emanuel Giaufret and World Bank Representative to Serbia Dusan Vasiljevic.

Of the total value of the project, the EU will donate €41.5 million, while the World Bank will provide a loan of €43 million. The project will be implemented in association with the Serbian Science Fund and the Ministry of Education, Science and Technological Development.

The Serbian President pointed out that in the first three months of this year, our country achieved exports in the IT sector in the amount of about 600 million euros.

He said that an additional building should be built for the science and technology park in Belgrade because four years ago there were only about 20 innovative companies, while today there are about 120.

Brnabic said that investments in science and new technologies will continue and announced that this year Serbia’s total ICT sector exports will amount to 2.5 billion euros, with a surplus of 1. 5 billion euros, thanks to which the export objective of this sector will be achieved. .

Now, the focus is on the development of artificial intelligence, bioengineering and biomedicine, the prime minister stressed, adding that four campuses will be built in which these technologies will be developed over the next four years. .

(N1, 19.05.2022)

https://rs.n1info.com/biznis/predstavnici-eu-i-sb-potpisali-ugovor-o-projektu-za-podrsku-inovacijama-u-srbiji/

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