| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 26.70 |
Second Additional Financing for the Serbia Accelerating Innovation and Growth Entrepreneurship Project
Abstract*
The second Additional Financing (AF) in the amount of Euro 25 million (US$27 million equivalent) is proposed to the Serbia Accelerating Innovation and Growth Entrepreneurship (P170185) parent project. The SAIGE Project currently includes an IBRD loan in the amount of €43 million (US$48 million), signed on December 13, 2019, and declared effective on May 18, 2020. It also includes an EU IPA 19 funded, recipient-executed grant of €26.88 million (US$28.52... Show More
Development Objective
The project’s development objective is to improve (i) the relevance and excellence of scientific research, and (ii) innovative entrepreneurship and access to finance for enterprise growth, as a way of contributing to Serbia’s growth and competitiveness.
Relevance of research refers to the potential of research results to be commercialized on the market, thus contributing to the economy, while excellence refers to international recognition of the quality of the research.
Key Details
Project Details
P181485
Active
Maja Andjelkovic , Ruvejda Aliefendic
Republic of Serbia
Serbia
June 27, 2024
(as of board presentation)
September 26, 2024
N/A
US$ 27.18 million
Ministry of Science, Technological Development and Innovation (NITRA)
2025
US$ 26.70 million
N/A
July 12, 2024
September 30, 2027
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 26.70 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 26.70 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 27.18 |
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.