The Innovation Fund of Montenegro has announced the results of the 2025 public call for Support for Early-Phase Development of Start-ups. A total of 12 projects were selected for funding, with a total approved amount of EUR 390,789.40.
The call attracted strong interest from the entrepreneurial community, with applications received from across Montenegro covering sectors such as digital health, agri-tech, tourism technology, fintech and environmental solutions. The evaluation was carried out by an independent panel of international experts who assessed each application on innovation potential, team capacity, market viability and scalability.
Grant agreements have been signed with all selected beneficiaries, who will now enter a 12-month project implementation period with ongoing monitoring and support from the Innovation Fund.
The full list of funded projects and grant amounts is available on the Fund's official website at fondzainovacije.me.
Winners
Project name
Digital Health Assistant for Chronic Patients
Project description
A mobile application that helps chronic disease patients track symptoms, medication schedules, and communicate with healthcare providers in real time. The app integrates with wearable health devices to collect biometric data and generates personalised health summaries for both patients and their doctors. Automated reminders and an intelligent alert system notify patients when abnormal readings are detected, enabling timely medical intervention. The solution targets Montenegro's growing population of patients with diabetes, hypertension and cardiovascular conditions, reducing unnecessary outpatient visits and improving treatment adherence.
Project name
Community Solar Sharing Platform
Project description
An online marketplace enabling households and small businesses to share excess solar energy and reduce collective electricity costs. The platform uses smart metering data to match energy producers with nearby consumers in real time, minimising transmission losses and grid dependency. A transparent billing module automatically calculates energy credits and settlements between participants at the end of each billing cycle. The project contributes to Montenegro's renewable energy targets and empowers communities in rural and peri-urban areas to benefit economically from local solar installations.
Project name
Predictive Analytics for SME Cash Flow
Project description
A SaaS tool that uses machine learning to forecast cash flow trends for small and medium enterprises, reducing insolvency risk. The system connects to accounting software and bank APIs to ingest real-time financial data and produce rolling 90-day cash flow projections with confidence intervals. Business owners receive actionable alerts when a shortfall is predicted, along with recommended actions such as deferring expenditure or accelerating collections. The product is designed for the Montenegrin and regional Western Balkans market, where cash flow management tools are largely unavailable to micro and small enterprises.
Project name
IoT Soil Monitoring for Small Farms
Project description
Affordable IoT sensor kits and a cloud dashboard that helps small-scale farmers monitor soil conditions and optimise irrigation decisions. Each kit measures soil moisture, temperature, pH and nutrient levels at multiple depths and transmits data wirelessly to a mobile-friendly web interface. The dashboard applies predictive models to recommend watering schedules based on current conditions and weather forecasts, helping farmers reduce water consumption by an estimated 30%. The project targets smallholder farms in the Montenegrin interior, where water scarcity is an increasing concern due to shifting precipitation patterns.
Project name
Adaptive Learning Platform for Primary Schools
Project description
An AI-powered e-learning platform that adapts content difficulty and pace to each student's learning profile, supporting teachers with actionable insights. The system continuously analyses student responses and engagement patterns to identify knowledge gaps and automatically adjust the sequence and difficulty of learning materials. Teachers receive a real-time class dashboard showing individual and group progress, enabling targeted interventions for students who are falling behind. The MVP will cover mathematics and Montenegrin language for grades 3 to 6 and will be piloted in ten public primary schools across Podgorica and Nikšić.
