|Influence of the financing instrument||Direct|
|Type||R&D Project Funding|
The program specifically offers financial and mentoring support to test ideas, hypotheses or assumptions that are, if they prove technically feasible, the basis for products based on their research. The output of the PoC incorporating these objectives is expected to create much stronger pipeline of projects with technology readiness high enough to pursue with commercialization in the next step. Use of experienced business advisers with experience to transform R&D results into products according to relevant market needs is expected to point out directions for development and create synergetic relationships with the project teams, thereby yielding PoC outputs with higher quality, and potential for better match with the needs of the private sector.
Possible usage of the funding instrument in the P2G context: PoC instrument provides an opportunity to conduct a P2G pilot project to verify the possibility of a scale-up options.
|Legal Entity||Fond za inovacionu delatnost|
|Geographic Scope||Entire Serbia|
|Eligibility Criteria||Public research and development institutions, as well as all other institutions and organizations affiliated with research and development (including private), such as universities, colleges, institutes, innovation centers and other research institutions in Serbia; Innovativeness and feasibility of the proposed concept; Potential for commercialization of the resulting product; Feasibility of the implementation plan.|
|Co-Financing Rate||The program covers 100% of the total costs|
|Volume||Up to 20.000 EUR (2.400.000 RSD), including value-added tax (VAT)|
|Duration||Up to 12 months|
|Limitations||Equipment and infrastructure purchase is not an eligible cost|
|Periodicity thus far||Yearly|