The Innovation Fund has announced the results of the 2021 public call for MSME Innovation Support. Following a competitive evaluation, 6 projects were selected for co-financing with a total approved amount of EUR 680,000.
The funded projects span diverse industries including wood processing, medical diagnostics, water purification and food technology. Each beneficiary will receive between EUR 90,000 and EUR 130,000 in grant support, covering up to 70% of eligible project costs, over a 12-month implementation period.
The programme represented a significant step in the Fund's strategy to support product innovation and technology adoption among established Montenegrin SMEs, with a focus on projects delivering measurable economic impact.
Winners
Project name
Automated Wood Processing Line
Project description
Development of a CNC-based automated production line for precision wood processing, reducing manual labour and increasing throughput. The system integrates sensors and software for real-time quality control.
Project name
Rapid Diagnostic Test Kit Production
Project description
Establishment of local manufacturing capacity for rapid antigen diagnostic kits, reducing dependence on imports and lowering costs for the healthcare sector. The project includes development of quality assurance protocols compliant with EU standards.
Project name
Smart Water Purification System
Project description
IoT-enabled modular water purification units designed for rural and off-grid communities, with remote monitoring via a mobile dashboard. The solution targets areas lacking access to clean drinking water infrastructure.
