Project value: HRK 28.893.364,93, of which HRK 18.244.871,48 were non-refundable (grants).

Task: Funding the investment of pre-commercial product development while strengthening client’s research, development and innovation capacity, through improved collaboration with the academic community, primarily project partners.

Partners: University of Zagreb – Faculty of Mechanical Engineering and Naval Architecture and the Faculty of Electrical Engineering and Computing.

Solution: Aestus Consulting team composed and submitted the necessary project application documentation for the tender. The grant application for the project funding was approved from the European Regional Development fund.

Results:

• Novatec Ltd. received a funding approval in the amount of HRK 18,244,871.48 in grants for the realization of the project investment “Development of Multifunctional Low-floor Vehicle – MUNIVO”
• The approved grant will enable R&D activities for a new product evolvent – MUNIVO vehicle that will represent an innovation for the applicant and its partners, for the national market, macro-region as well as the global market.