Tender for support of STARTUP ICT business has been announced

That the signed Memorandum of Cooperation between ICT Cortex and the Capital City is not just a letter on paper is best demonstrated by the implementation of the planned activities. The first among them is the continuation of support for the development of the startup scene, which this year will also guarantee participation in the largest technology conference in the world – the Web Summit, which is organized in Lisbon from November 1-4. The Secretariat for Support to the Business Community of the Capital City has announced a Contest for STARTUP ICT business support, to which all legal and natural persons can apply and apply for the ALPHA or BETA program. The ALPHA program can be applied for by individuals or legal entities that were founded in the last 5 years with residence or headquarters in the territory of the Capital City and who want to start or develop their business ideas in the Capital City. A maximum of 3 participants (individuals or legal entities) who are among the winners of the previous Competition for the support of start-up businesses in 2021 can receive support for the BETA program. According to the Decision on the Budget of the Capital City of Podgorica for 2022, funds for EUR 40,000.00 are planned for these purposes, to support innovative products and services that are at least on the third level of the technological readiness scale (TRL3 – technology readiness level) in the areas of fintech; IoT (Internet of things); game development; health tech; smart technologies (cities, buildings, etc.); digital transformation (ERP systems, e-business, financial technologies, etc.); green ICT (reduction of emissions, energy saving, etc.); machine learning and artificial intelligence. The amount of funds that can be granted to one person under this competition is up to EUR 4,000.00 and can only be used for participation in the Web Summit 2022, whose topics are focused on IT and Internet technology and other types of new technologies. In addition to fulfilling the conditions of the Contest, the participants of the contest must also meet the quality standards prescribed by the Web Summit. The application form for the competition can be downloaded from the link, and the deadline for submitting applications is July 22. As a reminder, thanks to the initiative of the ICT Cortex cluster and the support of the Capital City, last year Montenegro had an unprecedentedly large delegation at the Web Summit, where as many as seven Podgorica start-ups were presented.

The Kingdom of Norway supported the ICT Cortex cluster project – “StepUp with Cortex”

Five projects aimed at increasing the competitiveness of small businesses in Montenegro through their transformation, among which the ICT Cortex cluster project – StepUp with Cortex, are supported by the Kingdom of Norway through the project “Norway for you – Montenegro”, which is implemented by UNOPS in partnership with UNDP. The “StepUp with Cortex” project, which the ICT Cortex cluster implements in cooperation with the Capital City of Podgorica, will be aimed at improvement and education in the field of business skills, in order to improve the competitiveness of our companies through strengthening the skills of employees. The companies that will participate in this project are Alicorn, Amplitudo, Archimede, Bild, Codepixel, Codeus, Data Design, DigitalBee, Fleka, Logate, Omnitech, and Oykos Development. “We will use the received donation in the amount of 50,000 dollars to strengthen the skills of over 100 employees in the members of the ICT Cortex cluster. The focus of the training will be on the development of knowledge and competencies in the areas of business communication, project management, sales, finance, and leadership. The IT sector and the segment of small and medium-sized enterprises form a pillar of the economic development of Montenegro, and we consider the capital city a very important partner for the development of the business environment and the creation of an innovative ecosystem”, said the director of the ICT Cortex project office, Ferida Mandić. “This project is a confirmation that by working together with the ICT cluster, we can improve the business environment for IT companies in the territory of Podgorica, where the conditions are created for them to develop innovative products from our city and place them on the international market,” added the director of CIS in the capital, Džemal Lekić. The project “Norway for you – Montenegro” will support entities that provide support for the development of small businesses in cooperation with municipalities, which will improve the operations of at least 70 small businesses, through the improvement of marketing and negotiation skills, the introduction of innovative approaches in the technological process, the improvement of business communication, project management, finance and leadership, the introduction of digitization, as well as the promotion of best practices for quality, safety and trust in the production of small businesses through the implementation of relevant ISO standards.

Over a million euros for the development of the IT industry in Montenegro – MER and ICT Cortex signed a contract worth over a million euros

Minister of Economic Development Jakov Milatović, Ministry of Economic Development, signed today the contract on co-financing the ICT Cortex cluster with CEO Tarik Zaimović. ICT Cortex is the winner of the Contest to support the development of the strategic priority of the Smart Specialization Strategy of Montenegro – Information and Communication Technologies. The total amount foreseen for the implementation of the work program of the ICT cluster Cortex for three years amounts to over one million euros. The program will be supported by the Ministry of Economic Development of over 500,000 euros, while the same amount will be contributed by IT companies and members of the cluster.   “In the previous period, the government invested great efforts in creating both an institutional and an appropriate program framework, which together will enable a more adequate involvement of the innovation community in the process of planning and implementation of the innovation policy, but also create preconditions for the continuation of the implementation of smart specialization in Montenegro,” he said. Minister Milatović. “In such a reform-strengthened institutional and programmatic framework for innovation, innovation infrastructures play a special role, and cluster organizations are certainly among them. Aware of your role in the innovation ecosystem, we decided on targeted support that represents the initial impulse of your further growth and development,” the minister said. “I am particularly pleased to be here today and to have the opportunity to support the ICT Cortex program. I am happy that ICT Cortex is already operational, that it has received support through several projects, has a development strategy, and is slowly positioning itself as a niche of technology companies, which further encourages the Ministry that this story will be successful and that during the period of cooperation on this program to open up other numerous opportunities for cooperation”, said the minister. On that occasion, he said that the Government will continue to work on improving the framework and ecosystem that is necessary for providing digital innovations in industry and education, and that he sees ICT Cortex not only as a user of one of the programs but also as a credible partner in the creation of Government policies. The State Secretary in the Ministry of Economic Development, Milena Lipovina-Božović, said that this sector is the easiest because there are no inherited problems, but also the most challenging. After all, it is at the very beginning and a lot of effort is needed from all actors in the community to feel significant progress. “These are processes that require a lot of time and the results cannot be seen in such a short time,” said Lipovina-Božović. When it comes to that innovation ecosystem, the Government wanted to strongly support the innovation community with the funds it allocated for the Innovation Fund of EUR 1 million. “We see this story with ICT Cortex as something that will give additional strength and incentive to make everything we envision happen much faster and with better quality in the coming period,” said Lipovina-Božović. According to her, the benefits of the program relate to the strengthening of the administrative capacities of the cluster organization, education programs that will include the strengthening of digital skills, participation in the strengthening of an innovation culture, and the creation of partnerships. The executive director of the ICT Cortex cluster welcomed those present and expressed his gratitude that MER made an important step towards the creation of an innovation ecosystem that will be based on the synergy of public-private partnerships. “I think that the innovation community should be the main engine of the development of our economy and that it is our most valuable resource. I believe that every euro invested in knowledge, technological development, innovation, and young and capable people will be returned many times over,” said Tarik Zaimović, executive director of the ICT Cortex cluster. The president of the ICT Cortex assembly presented the results of the cluster, which gathered around four main goals: education, internationalization of business through increased exports, digitization of CG society, and philanthropy through the establishment of the Cortex Foundation. “We are looking forward to the opportunity to open a new chapter through cooperation with the state by signing today’s contract. Concrete results have already been achieved by doubling the membership, establishing the Foundation, tangible help in digitization processes, as well as the launch of the large Cortex Academy.” – said Nenad Novović, president of the ICT Cortex assembly. ICT Cortex was founded by the innovative IT community in March 2021, to be a leader in the digital transformation of the economy and public administration, and to improve the framework and ecosystem necessary to provide digital innovations in industry and education. The association will contribute to the strengthening of the IT sector and the creation of conditions for the IT sector to become the backbone of the future development of Montenegro and a strong economic activity that will create the country’s leading export products.

Despite the pandemics, IT companies are growing in all business segments

ICT Cortex – cluster for information technology, innovation, education, design, and technological development of Montenegro, analyzed the business results of the 30 most successful IT companies in Montenegro, and as the criteria for ranking success, the amount of revenue in 2020 was taken. The total revenues of the analyzed companies in 2020 amounted to € 56,256,439, which is 18% more than in the previous year, while the total profit doubled in comparison to 2019 and amounted to € 10,916,675. Special attention was paid to the results of 10 founding members of ICT Cortex: Alicorn, Amplitudo, Bild Studio, Codeus, Codingo, Coinis, Data Design, Fleka, Logate, and Oykos Development, which successfully closed the business year with growth in all segments. ICT cluster members achieved revenue growth of 25%, of which 79.12% of revenue generated was exports – a total of € 12,183,955.99. “For now, the IT sector is successfully resisting the crisis caused by the coronavirus pandemic, and our goal is to create conditions for the IT sector to become the backbone of Montenegro’s future development and a strong economic activity that will create leading export products. We are proud of the business results of our founding members, and we are especially pleased with the fact that IT exports in 2020 increased by almost 30%. The outcome of the analysis confirms that IT is a promising branch, export-oriented, and further investment in IT can certainly provide an incentive to recover and strengthen the entire economy. – said Tanja Dukić, Marketing Director of ICT Cortex. The number of employees in the companies in 2020 was 704, of which 278 people are employed the founding members of ICT Cortex, which plan to create over 100 jobs by the end of 2021. “IT companies have increased the number of employees compared to 2019, and the growth trend is expected this year as well because companies need to hire new staff. As an inclusive association, we aim to unite the IT community and jointly achieve an increase in the number of employees and the necessary skills for the development of the IT sector, which will ultimately reduce the outflow of talent from Montenegro. ” – adds Dukić. It is expected that 2021 will be very successful. According to a survey conducted by the executive office of ICT Cortex among the founding members, the planned revenue growth in 2021 will be about 30%, of which as much as 80% will be generated on the basis of projects for foreign markets. ICT Cortex is an association that brings together the innovative IT community, with the aim of being a leader in the digital transformation of the economy and public administration, as well as improving the framework and ecosystem necessary to ensure digital innovation in industry and education. “The cluster has 11 members so far, and we are pleased that many IT companies have already expressed a desire to become part of the ICT Cortex family. We invite all interested companies and organizations to join us, and the request for joining can be sent to the email address contact@ictcortex.me “- conclude from the ICT cluster Cortex.