Representatives of the Innovation and Technological Development Fund, in cooperation with the Innovation Hub, established few years ago at the “Mother Teresa” University, held an information session in front of the students of “Mother Teresa” University in Skopje today, on which the students were informed about the financial support that this state fund offers to students.

The Support Instrument is a Co-founded Grant for start-up companies which aim to increase the level of innovation by providing the necessary financial support for research and development activities of start-up and spin-off companies.

The tool has sparked interest among students because it benefits from a risk-taking and innovation culture, and provides support to young innovators who are interested in developing a new or improved product, process or service.

The instrument supports projects that are in the “proof of concept” phase of the pre-commercial (pre-market) phase and with a realistic commercialization plan.