Green Innovation Vouchers in Serbia

The EBRD launched the Green Innovation Vouchers Scheme as an innovative instrument to scale up green economy in Serbia. The scheme will boost the innovation capacity of small and medium-sized enterprises (SMEs) in the field of green technologies and resource efficiency by linking them to local R&D service providers. The resulting cooperation will enable SMEs to raise their environmental performance and competitiveness.

Green Innovation Vouchers are grants that help SMEs to cover 90 per cent of the eligible R&D service costs, up to €20,000 (excl. VAT). Thus SMEs are expected to provide co-financing of at least 10 per cent of the total R&D service costs from their own sources. The minimum value of the eligible R&D services is €4,000 (excl. VAT).

One voucher is available per  participating enterprise, while within the same R&D service project SMEs can collaborate with no more than three R&D service providers.

Eligible R&D services must support green innovation and result in measurable environmental benefits. The following types of R&D services are eligible:

  • proof of concept/development/prototyping/testing/certification of a new product/service/process
  • innovative improvement of an existing product/service/process
  • tailored training/consulting in innovation management and intellectual property.

The list of R&D service providers that are eligible to offer R&D services within the scheme has been created based on their expertise in green innovation. The list is available on the scheme web page and regularly updated by the EBRD.

The Scheme is funded by the Austrian DRIVE (Delivering Resource Efficiency InVEstments) Programme while the implementation of the scheme has been supported by the Central European Initiative (CEI).  

For more details on the scheme please visit