The Fund for innovation and technology development in cooperation with the Ministry of Education and Science is implementing the Skills Development and Innovation Support Project. The project aims to improve the transparency of the allocation of resources and promote accountability in higher education to improve the relevance of secondary technical and vocational education and to support the innovation capacity in the country.

Project development skills and innovation

The objective of the Project is to improve transparency of resource allocation and promote accountability in higher education, enhance the relevance of secondary technical vocation education, and support the innovation capacity of the Republic of Macedonia.
The Project in total amount of 17.7 million euro consists of the following parts:

Part 1: Improving Transparency of Higher Education

  1. Quality Assurance in Higher Education
  2. Higher Education Financing Reforms
  3. Development of a National Technology Transfer Office

Implementing institution: Ministry of Education and Science of the Republic of Macedonia

Part 2: Modernization of Secondary Technical Vocational Education and Training

1. Quality and Labor Market Relevance of Technical Vocational Education and Training Provision

2. Grants for School Industry Collaboration

Implementing institution: Ministry of Education and Science of the Republic of Macedonia

Part 3: Improving the Innovative Capacity of Enterprises and Collaboration with Research Organizations

1. Capacity Building for the Fund of Innovation and Technological Development (FITD)

Improving the institutional competence of the FITD through, inter alia: (i) planning and designing the FITD’s programs, strategy, operations and procedures; (ii) provision of Training for FITD staff; (iii) selection of FITD’s investment committee and peer reviewers; (iv) provision of Training for FITD’s beneficiary enterprises; and (v) carrying out of a marketing and communications strategy.

2. Pilot of Financial Investments to be delivered by FITD

Provision of funding to foster innovation through, inter alia: (i) the provision of Innovation Grants to finance an accelerator; (ii) the provision of Innovation Grants to finance proof of concept innovation; (iii) the provision of Innovation Grants or Innovation Sub-loans to finance commercialization of research and development; and (iv) the provision of Innovation Grants to finance technology development and technology absorption activities for new or improved technologies, products and processes.

The innovation Sub-projects shall be selected, appraised, implemented and evaluated in accordance with the principles, procedures and requirements set forth in the POM, the IGOM, the Procurement and Consultants Guidelines, the Anti-Corruption Guidelines, the EMF and any applicable Environmental Management Plan.

The Innovation Grantor Innovation Sub-loan shall be denominated in Macedonian Denars.

The Fund can implement the instruments after ex-ante approval by the World bank on the operative structure, the employees, the distribution of tasks and the capacity for financial management, as well as on ex-ante approval on the Innovation Grants Operational Manual.

The project proposals shall be evaluated by external experts.

Implementing institution: Fund for Innovation and Technology Development

Part 4: Project Management and Monitoring and Evaluation

This part is intended for functioning of the Project Management Unit to be established by the Ministry of Education and Science for purposes of implementation of the project.

Implementing institution: Ministry of Education and Science of the Republic of Macedonia

Beneficiary institutions: Ministry of Education and Science of the Republic of Macedonia (8.496.000 euro) and Fund for Innovation and Technology Development (9.159.750 euro).

The negotiations with the representatives of the International Bank for Reconstruction and Development – the World Bank for signing the loan agreement for the Skills Development and Innovation Support Project have been successfully concluded on 02.12.2013.