Raising the bar in high-tech farming
It would normally take five to ten years to develop such unique artificial intelligence-based agricultural solutions, even at global high-tech companies operating in big information technology hubs like Silicon Valley. Innovators from the Science-Technology Park in Niš have done it in a mere three years, thanks to support from the Republic of Serbia’s Innovation Fund and the European Union.
Coming Computer Engineering is one of many companies operating in the Science-Technology Park in Niš, an innovation hub opened in 2020. The Park has become a regional center for the development of innovative science and technology projects – and their international promotion. It works closely with the university and the academic community, bringing over 500 young IT engineers together to help position the region as a global center for advanced technologies.
“The essence of the Park is the creation of a community of innovative companies, which can exchange know-how, support each other and participate in activities the park is organizing,” says Milan Ranđelović, director of the Science-Technology Park. “The aim is to support local high-tech entrepreneurs, as well as to raise awareness and strengthen the entire innovation ecosystem in the region.”
The companies located in the Park, together with its virtual members, employ around 5 000 people.
The Science-Technology Park’s building was constructed with funds from the Serbian government and a European Investment Bank loan signed in 2010 for the research and development sector in Serbia.
Competitive career development opportunities for the most gifted
In the Western Balkans, EIB Global, the EU bank’s arm for operations outside the European Union, unlocked €415 million since 2005 for education, as well as research and development projects that contributed to the construction, renovation and digitalisation of education and scientific facilities.
“Innovation is a key impetus for economic growth, facilitating solutions for better quality of life and more equitable societies,” says EIB Vice President Lilyana Pavlova. “We are happy to see the development and results in Serbia’s R&D sector, which the EIB has supported by investing €200 million for the modernisation and rehabilitation of research laboratories, faculties and scientific facilities, providing generations of Serbian scientists and students with better learning and working conditions.”
“Over the couple of years since their opening, the Science-Technology Parks in Niš, Belgrade and Novi Sad have demonstrated their contribution to the development of innovation platforms, know-how and innovation capital in the region. All these infrastructure improvements should provide young and talented people with the career opportunities available in more developed economic environments,” Pavlova adds.
EU bolsters R&D in Serbia
Combined with the EIB financing, support from the European Union for innovation and competitiveness in Serbia reached over €400 million since 2010 in cooperation with the Serbian government. These funds also connected the country’s tech sector to European and international scientists and entrepreneurs. Since 2014, Serbia has been a beneficiary of the European Commission’s research and funding programme, Horizon Europe.
“We have financed 137 projects from a variety of sectors and we already reserved additional funds so that our overall funding will jump in the future to an impressive €46.8 million for grants for innovators in Serbia.” says Emanuele Giaufret, head of the EU delegation in the Republic of Serbia. “It is important as it contributes to the transformation of the economy to a much more knowledge-based and more digital economy.”