The Innovation Fund of Montenegro has announced a Public Call for participation in the Program to encourage innovations for energy efficiency in industry.
The aim of this program is to promote the improvement of energy efficiency through innovations in the manufacturing industry, with a total budget of €2,300,000 for the year 2024. The program is the result of inter-ministerial cooperation between the Ministry of Economic Development, the Ministry of Education, Science and Innovation, and the Ministry of Energy, continuing the sectoral policy coordination started in 2023. The Innovation Fund of Montenegro will, as before, implement the program in cooperation with the relevant ministries based on the Inter-ministerial Cooperation Agreement.
The Public Call is open until November 11 at 3:00 PM, and the necessary documentation is available on the website. Detailed information and application guidelines can be found at the following link: LINK
The application process is simple and takes place exclusively online.
Micro, small, and medium-sized enterprises from the manufacturing sector can apply for non-repayable financial support in amounts ranging from €50,000 to €200,000.
These funds are intended for the purchase of production equipment, the introduction of smart and digital solutions, energy management standards, as well as for hiring and training the workforce.
The program funds up to 80% of the total project value, while companies must provide 20% of their own funds.
An Info Day will be held in Podgorica, at the premises of the Chamber of Commerce, on October 10 at 11:00 AM, with the option of following via the Zoom platform.
Zoom link: Join Zoom Meeting
Meeting ID: 864 8242 2936
Passcode: 090515
In addition to the Info Day, the Innovation Fund will organize online Open Door sessions every Wednesday starting from October 16, from 9:00 to 10:00 AM. During these sessions, interested parties can obtain all necessary information about the program and the application process. You can follow the Open Door sessions at the following [LINK].
It is expected that this support model will attract significant interest from the business community. The goal of the program is to enable entities in the manufacturing industry to successfully implement necessary investments in modernization, innovation, and energy efficiency of business processes. This aims to diversify production activities and increase the competitiveness of Montenegro’s industry in both domestic and international markets.
You can view the 2023 program results at this LINK.
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For all current calls, trainings, and information, follow the Innovation Fund of Montenegro on social media: LinkedIn, Facebook, and Instagram.
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