HAMAG-BICRO has launched a competition for the most innovative start-ups

HAMAG-BICRO has launched a public call for the most innovative startups within the framework of the Horizontal Transformation Project aimed at strengthening regional innovation ecosystems for industrial transition, known as the HIT project. The agency announced the initiative on Tuesday, inviting micro, small, and medium enterprises established after January 1, 2020, to participate. Eligible entities include sole proprietorships, limited liability companies (d.o.o.), and simple limited liability companies (j.d.o.o.). The total prize fund exceeds €30,000, with participants required to link their business activities and innovations to the S3 priorities, specific thematic areas defined under the Smart Specialization Strategy, and relevant value chains of their respective regions. Startups interested in competing for regional awards and the Grand Prix must submit applications by September 1, completing the application form. The competition targets startups whose innovative products, services, and technological solutions contribute to the development of Croatia’s economy, regional innovation ecosystems, and value chains. Its goal is to identify those with potential for growth, development, and positioning on domestic and international markets, whether they already have such operations in place. The competition offers four categories of awards, three regional and one national. The most innovative startups from the Adriatic, Pannonian, and Northern Croatia will be selected for regional prizes, while the best among them will compete for the Grand Prix, the award for the most innovative startup in the Republic of Croatia. Last year's winner was Hidrocibalae, a technology company based in Vinkovci specializing in advanced processing of marine geophysical and hydrographic data. Regional awards are open to startups located in the corresponding region, whereas the national Grand Prix is available to startups from all Croatian regions, including the city of Zagreb. Detailed information, the public call, and methodology can be found on the official website of HAMAG-BICRO. HAMAG-BICRO is the Croatian Agency for Small Business, Innovation, and Investment. It is a government agency dedicated to supporting small and medium entrepreneurs, startups, and investors throughout all stages of business operation. The agency facilitates access to capital through the allocation of non-repayable funds from EU funds, the issuance of favorable loans, and the provision of state guarantees for commercial loans. The initiative aligns with broader efforts to stimulate economic growth and innovation across Croatia. By focusing on regional value chains and S3 priorities, the competition encourages startups to address specific local challenges and opportunities. This approach supports the diversification of industries and enhances competitiveness in both domestic and global markets. Participation in the competition requires adherence to strict eligibility criteria, ensuring that only qualified businesses can apply. These criteria include being a registered entity, meeting size thresholds, and operating within specified timeframes. Additionally, applicants must demonstrate how their work contributes to regional economic goals and strategic priorities. The selection process involves evaluating the innovativeness, feasibility, and impact of each startup’s offerings. A panel of experts will assess submissions based on predefined criteria, aiming to identify the most promising ventures. The winners will receive financial support, recognition, and opportunities for further development, which could lead to increased visibility and investment prospects. This competition reflects HAMAG-BICRO’s commitment to fostering entrepreneurship and innovation. Through targeted funding and support mechanisms, the agency aims to create a more dynamic and resilient business environment. As the deadline approaches, interest in the program is expected to grow, drawing attention from a wide range of startups eager to showcase their capabilities and secure valuable resources.