The new legal framework for innovation activity in Montenegro more clearly defines the national innovation system; it regulates the entities engaged in innovation activity, the entities providing innovation infrastructure, establishes the role of the Innovation Council, and the creation of a new implementation body – the Innovation Fund, which, within its mandate, would implement innovation programs and monitor the execution of activities and the achievement of operational goals defined in the Smart Specialization Strategy (S3) and other relevant national strategies and programs..

 

In this way, the existing Law on Innovation Activity from 2016 is improved and aligned with the EU legislative and strategic framework, as well as international standards in this field. The Government of Montenegro plans to enhance the area and stimulate the development of the national innovation system through two laws: the new Law on Innovation Activity and the Law on Incentive Measures for Research and Innovation Development – Lex Specialis. Public consultations have been opened for both laws.