Drawing upon International Bank for Reconstruction and Development (IBRD) funding since 2006, Croatia has increased the magnitude of commercialization of public research and private sector innovation and concluded research contracts in the value of 8.5 million euros, with more than 60 patent applications filed by Rudjer Boskovic Institute only. The access to Research and Development (R&D) funding (35 million euros) was expanded to about 80 small and medium-sized companies, which was important in the context of illiquid financial markets and as mitigation measures to the global economic crisis.
News source: Worldbank link: publication
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