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This article was developed within the program Venture an Idea funded by the USAID.
Кatapult acceleration program is a program of Innovation Fund of Serbia, focused on supporting local startups to reach global markets. This program provides promising startups with initial financing, mentorship, networking and connection with investors.
Public call for the application submission is currently open.
The goal of the Katapult Acceleration Program is to improve the level of innovative entrepreneurship and to provide better access to external sources of financing for business growth, as well as to increase the number of new or improved innovative products and services on the market.
Through the Innovation Fund’s Katapult program, startups in Serbia have at their disposal intensive training and mentoring program customized to their needs (by local and international experts from various fields of technological entrepreneurship and investors), as well as non-refundable financial support for startups that secure qualified investment during or after the acceleration period in the amount of maximum 36 million dinars. This amount is available to startups that will be selected by the Innovation Fund as follows:
At-Entry grant in the amount of up to 2.4 million dinars for startups in the early stages of development, or up to 6 million dinars for startups in the growth stage. This amount will be available to startups after signing the Acceleration agreement with the Innovation Fund.
Co-investment grant available to startups that secure a qualified investment by business angels, venture capital funds or other investors acceptable for the Innovation Fund. The amount of the co-investment grant is equal to the amount of the qualified investment reduced by the amount of the At-Entry Grant, and up to a maximum of 36 million dinars.
More about the programs of Innovation Fund of Serbia in this video.
THIS CALL IS OPEN UNTIL SEPTEMBER 10, 2024 AT MIDNIGHT!
This article is made possible by the support of the American people through the United States Agency for International Development (USAID). The contents of this program are the responsibility of Nova Iskra and do not necessarily reflect the views of USAID or the United States Government