| Financier | Commitments |
|---|---|
| Trust Funds | 28.52 |
Serbia Accelerating Innovation and Growth Entrepreneurship Additional Financing
Abstract*
The original SAIGE Project (the Project) was approved by the Board on December 13, 2019, and became effective on May 18, 2020. The EU made a favorable decision in mid-December to support Serbia through the IPA 19 Program with an additional EUR 41.5 million, to bemanaged by the World Bank to complement the Project loan, just after the Project loan was submitted to the Board for approval. The Additional Financing (AF) will allow the client to scale-up... Show More
Development Objective
The project’s development objective is to improve (i) the relevance and excellence of scientific research, and (ii) innovative entrepreneurship and access to finance for enterprise growth, as a way of contributing to Serbia’s growth and competitiveness.
Relevance of research refers to the potential of research results to be commercialized on the market, thus contributing to the economy, while excellence refers to international recognition of the quality of the research.
Key Details
Project Details
P174542
Active
Maja Andjelkovic , Dusko Vasiljevic
Republic of Serbia
Serbia
December 22, 2020
(as of board presentation)
June 23, 2023
N/A
US$ 32.05 million
Ministry of Science, Innovation and Technological Development (NITRA),Ministry of Science, Technological Development and Innovation (NITRA)
2023
US$ 28.52 million
N/A
November 16, 2023
September 30, 2027
TBD
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 28.52 |
| Total Project Cost** | 32.05 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
Detailed Financial Activity as of March 31, 2025
No data available.
Results Framework
No data available.