Opportunities with Saudi Financial Institution for Croatian Companies?

Lauren Simmonds

As Poslovni Dnevnik/Sergej Novosel Vuckovic writes on the 20th of August, 2019, the ideas and projects of Croatian entrepreneurs and innovators, not to mention scientists, could have the chance to truly penetrate the region and the rest of the world owing to the support of no less than the Islamic Development Bank (IsDB).

Namely, this Saudi financial institution is organising a competition in innovation in the countries of Southeastern Europe, called Transformers Roadshow, designed to identify innovators, scientists and companies who can contribute their ideas to one of the UN Sustainable Development Goals and connect them to those who can transfer knowledge and support, including concrete financial support, and provide them with new business options and priceless strategic advice.

Transformers Roadshow is a platform to support innovators and entrepreneurs globally, through which they can count on as much as half a billion dollars from the Innovation and Technology Fund. IsDB is the majority owner of Sarajevo-based Bosna Bank International (BBI) through which it will organise and conduct its tender in the SEE region, to which the Republic of Croatia belongs.

“The competition seeks out and supports new ideas that can help communities to build a more prosperous and healthier future. Those who are thinking of applying can do so online by September the 10th on IsDB’s Engage platform,” the Transformers Roadshow tender announcement said.

Ideas related to the development of a product, service or system that can address some of the global challenges facing the United Nations, such as food security, health improvement, the quality of education, clean water, affordable and clean energy, etc, are evaluated… It’s important to note that the ideas submitted must be scientifically valid and be applicable to existing technologies and have the potential to increase efficiency and commercialisation.

The  top fifteen enter the finals, their presentation is in Sarajevo, Bosnia and Herzegovina, on September the 28th, 2019, as part of the SHF halal fair.

A panel of experts from across the world will award the top three ideas, ie, the project after the pitching, with as much as 3,000 US dollars each. In addition, Croatian authors – innovators, scientists and/or entrepreneurs – have a chance to represent their innovation in Senegal at the World Innovation Competition.

Make sure to follow our dedicated business page for much more on Croatian entrepreneurs, Croatian products, services and innovation.


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