Generally, the Republic of Serbia, the autonomous province, and the unit of the local self-governance provide the funding of innovative activity for the easier achievement of goals of innovative policy, through various economic instruments – organizations.
The Ministry of Education, Science and Technological Development keeps a Registry of innovative activities, and companies who are signed in that Registry can be users of other state benefit measures and financial means for the development of innovative activities.
A company can be registered in this Registry if they have a seat on the territory of the Republic of Serbia and if, when establishing the company, they have registered some of the business activities in the field of research and experimental work in natural sciences and technological development, prescribed by the Regulation on the classification of business activities, with the possibility to perform other activities as well, same as other companies.
On the other hand, in the Republic of Serbia, business-technological incubators, centers for transfer of technology, and four science technology parks, in Belgrade, Novi Sad, Čačak, and Niš, which offer technical and organizational support to startups in the development of products, connection to other companies and investors, and other useful support.
Also, the Fund for innovative activities provides support to companies for innovation development, through various forms of investment, co-funding of investments, programs of early development in which the innovative startups can apply for funding, innovation vouchers for small and medium enterprises which require the services of innovative activities, and other – all of this stimulates the development of the innovative activity.
We hope this topic interesting was interesting to read, and that we have given enough reasons to those who were unsure whether or not to dive into innovative activities in Serbia to try it out. In any case, startups have full legal support at their disposal in all other aspects.
Of course, we have mentioned that the current provision on tax incentives and the provision on the exemption from paying social security insurance contributions foresees the application of incentives for companies that are established until December 31, 2021, so hurry up into the new age of innovations.