Serbia Innovates, changing its approach for the better, offering new solutions and ways of thinking, focusing on its best qualities, and shaping them for the world of tomorrow, fully relying on its strongest potentials and the everlasting power of innovation.

SERBIA INNOVATES, THAT IS, WE ALL INNOVATE TOGETHER,
FOR ALL OF US AND FOR THE GENERATIONS TO COME.

WHO
ARE
WE?

ICT Hub, as a Center for Technological Entrepreneurship and Innovation, with the support of USAID Serbia, launched the four-and-a-half-year project, Serbia Innovates.

The project takes a business-minded approach to create innovations that will accelerate the development, introduction and scale-up of new economic models that will strengthen the innovation driven Serbian economy, bolstering its further development, competitiveness, and export potential.

WHAT
IS OUR
GOAL?

The overall goal is to create new opportunity to strengthen Serbia’s economy through the model that enforces sustainable innovation development and encourage industry leaders, traditional companies, small and medium-sized companies, startups and academic and research institutions to innovate and collaborate on large-scale projects, in order to speed up growth in some of Serbia’s most promising industries.

Thus, project will create systemic change, bringing new, sophisticated production, using some of the most advanced methods in delivering innovative products and becoming the source of Serbia’s competitive advantage on international market.

The aim is to recognize Serbia’s most promising domains of innovation and enable the formation of the first Serbian Supercluster in this field, as an effective platform for promoting and enforcing innovation development, building innovation friendly environments, and providing adequate institutional support and sufficient financing.

The Supercluster will increase collaboration among key stakeholders in the selected domain that will lead to expansion of innovation value chains in the domain, increase in nation-wide cooperation of innovative and traditional companies, government, and financial institutions, and create synergies that will lead to emergence of adequate financing options for innovative companies in the early stage of their development.

HOW ARE WE DOING IT?

The project will map the fields of innovation in the country, conduct an extensive research and identify four competitive domains in which Serbia has the greatest potential.

Their potential in real environment will be tested by conducting 4 separate supercluster pilots, eventually choosing one final domain, scaling it and implementing the development of the first Serbian Supercluster.

By building key partnerships with investment groups and forming a venture capital fund generating external funding to specific projects produced by the supercluster, further access to finance will be made possible for innovative companies.

WHO IS IT FOR

Superclusters are designed to support business-led efforts to develop and advance innovative solutions, as well as to encourage large-scale collaboration of innovation ecosystem players. Those include SMEs, startups, key industry leaders, investors, academia, relevant government institutions, etc.

As part of a supercluster, they all play a big part in the development and accelerated growth of the economy, transforming its innovative strength into both local and global opportunities for growth, export, and overall competitiveness.

EXPECTED
RESULTS

Innovation domains with greatest growth potential are recognized and developed. First Serbian Supercluster is created around the most promising one, securing a long-term innovation ecosystem for regional and global competitiveness.

More made-in-Serbia innovations produced and placed, more traditional companies buying innovative solutions, more complete value chains, specialized hubs established.

Formation of venture capital fund generating external funding to specific projects produced by the pilot superclusters and scaled-up supercluster.

Improved collaboration between all relevant stakeholders within the supercluster, new partnerships created, bringing innovation to all in the value chain.

Raised awareness about the knowledge-based economy as a proven model for economic advancement, and nature, purpose and opportunities of supercluster model.

WHAT IS A
SUPERCLUSTER?

When presented with the right operational framework and adequate environment, companies of various sizes, academic institutions and not-for-profits become the stars of innovation, forming a supercluster, top-level innovation ecosystem providing a competitive edge that boosts the entire economy, opening a whole new world of opportunities.

First time in our region, Serbian Supercluster model will be created in accord with globally proven supercluster methodologies, with respect to specific circumstances in the local environment.

It is a model that will enable a systematic approach in overcoming institutional, financial and organizational barriers in the development of innovative solutions within our economy and provide the necessary boost to all factors with huge innovation potential, through establishing a sustainable network with a clear and strong innovation focus.