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Fund for Innovations and Technology Development
AddedFeb 19, 2024
UpdatedJun 28, 2026
Fund for Innovations and Technology Development

Fund for Innovations and Technology Development

Operating

Skopje-based FITD fuels innovation in Macedonia's startup & SME sectors, aiming to establish a regional innovation hub.

Location
Skopje, Centar Municipality, MK
Founded
2013
Firm
Compare
Portfolio
Employees
Website

The Fund for Innovations and Technology Development (FITD) is a national public institution in North Macedonia focused on supporting innovation in the country's startup and SME sectors. Based in Skopje, FITD provides financial instruments and grants to early-stage companies, typically investing in seed and early rounds. The fund has invested €75 million and co-financed over 500 projects in the past five years.

FITD's portfolio includes notable companies such as Microtica, a cloud infrastructure automation platform. The fund's mission extends beyond financial support, encompassing policy development and educational initiatives aimed at positioning North Macedonia as a regional innovation hub. FITD offers tailored financial instruments and support services to help local startups and SMEs grow and compete on a global scale.

Portfolio Snapshot

Portfolio activity breakdown across disclosed investments and stages

Total Investments1
Current Portfolio Count1
Total Portfolio Exits0

Top Investment Stages

Grant1 (100.0%)

Stage Mix

Grant 100%

Concentration shown as share of disclosed investments by stage.

Recent Investments

Microtica logo

Microtica

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Classification

Also Known As
  • Fund for Innovation and Technological Development
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions