The Fund for Innovation and Technology Development was established in December, 2013, with the aim of encouraging innovation by providing additional resources to finance innovation, in view of the need to build a competitive economy based on knowledge..
The organizational structure of the Fund for innovation and technology development includes the following units:
- Sector for programming activities
- Department for programming
- Department for implementation of programs
- Sector for General and Legal Affairs and Finance
- Department of Legal Affairs, Procurement and archive
- Department of Finance and Accounting
Managing Bodies of the Fund are: Management Board, Committee for Approval of Investments and Director.
The Government of the Republic of Macedonia appoints the members of the governing bodies and the Director.
The Management board members are:
Committee for approval of investments
The Committee for Approval of Investments includes members elected and appointed by the Government of the Republic of Macedonia. The Committee reviews and approves project proposals submitted under all of the Fund’s instruments. The Committee members are elected from among the experts with at least ten years of international experience in the area of investment in innovation activities..
More than 20 years of international experience as business and technology commercialization executive. He developed and implemented successfully methodologies and processes to support the technology commercialization for universities and research institutions via licensing and spin-off activities. He was appointed as innovation consultant by different governmental agencies on an international level to develop concepts for High-Tech Incubators and Business and Science Parks, and he is also jury member in several international business plan and idea competitions. He is represented as shareholder in the Board of several high-tech spin-off companies and technology transfer organizations all over the world, as well as through his membership in several professional advisory bodies.
Dr. Stan Blade was the founding Chief Executive Officer of the Alberta Innovates Bio Solutions Corporation (AI Bio), with an investment portfolio of $85 million. Dr. Blade is Dean of the Faculty of Agricultural, Life and Environmental Sciences (ALES) at the University of Alberta and has participated in research reviews conducted by the European Union, Consultative Group on International Agricultural Research, Food and Agriculture Organization, Natural Sciences and Engineering Research Council, Agropolis Foundation and the Canadian Foundation for Innovation. Dr. Blade is a 2012 graduate of the Wharton Business School’s Executive Development Program (University of Pennsylvania), with previous doctorate awarded by McGill University (Montreal, Canada). He currently serves as Vice-Chair on the Board of Trustees of the African Agricultural Technology Foundation.
Eric Durieux holds a PhD in Sciences from the University of Geneva, as well as a Chicago Booth MBA. He started his career as an academic where he developed real time data acquisition and big data analysis systems, then moving to work as a strategy and change consultant, program director, and investment auditor for global corporation and NGOs. Prior to becoming a managing investor in innovation and technology driven M&A Private Equity acquisition projects, he directed a Start Up incubator and its selection committee.
Mr. Sahi holds Master degree in Economics from New York University and MBA from Georgetown University in Washington. With more than 20 years of experience in international private businesses, the last 12 years he has been focused on investments in start-up companies and their growth in the market,mostly in the field of agriculture, information technology, construction, e-commerce, industrial products etc.
He has been appointed as Director of the Board of Directors in several start-up companies, and is also Head of the Supervisory Board of the Dutch start-up company DyeCoo Textile Systems BV. In addition, he has worked as a consultant for economic development of the USAID project targeted at developing countries.
Currently serves as Vice President in multi-million company Johnson Controls.
FITD Resident advisor
Dr. Péter Mogyorósi is advisor of the Fund for its operational work. His role is to provide support to the management of the Fund by providing international expertise in the field of supporting innovation.
The majority owner and director of Laser Consult Ltd. He received his degree as a physicist in 1984 and his PhD in laser surface micro-texturing in 1986 at József Attila University (JATE), Szeged, Hungary. He worked as a researcher for eight years initially at JATE and then at the Universities of Linz and Uppsala. He established Laser Consult Ltd. in 1992. He is author to some 25 international scientific publications and 6 further publications in the field of innovation management.
As the director of Laser Consult Ltd. his major fields of activities and expertise lies in innovation management, research-industry co-operations, and full scale technology transfer and project development for international clients. During the last 20 years he has been working as an external consultant on many projects for the European Union, NATO and United Nations.