The Innovation Fund, in collaboration with the Chamber of Commerce of Montenegro, organized an Info Day on October 10th to present the Program for Encouraging Innovations in the Function of Energy Efficiency in Industry.
The main objective of the Program for Encouraging Innovations in the Function of Energy Efficiency in Industry is to increase energy efficiency and/or the use of available renewable energy sources by micro, small, and medium-sized enterprises (MSMEs) in the manufacturing sector through the introduction of innovative technologies.
MSMEs from the manufacturing sector can apply for non-refundable financial support ranging from €50,000 to €200,000. These funds are intended for the purchase of production equipment, the introduction of smart and digital solutions, energy management standards, as well as for workforce hiring and training.
The program finances up to 80% of the total project value, while companies must provide 20% of their own funds. Eligible MSMEs are those operating in the manufacturing sector and meeting certain criteria, such as registered activity, private ownership, positive financial operations, and regular tax payments.
