The role of the Business Development Department (BDD) of BioSense Institute is to create a long-lasting value for the Institute based on the expansion and diversification of BioSense’s income base. The main goal of BDD is to constantly evolve and create new opportunities for successful business utilization of BioSense’s research results. In addition, the Department closely follows market trends, needs and opportunities, thus enabling transfer and application of skills and knowledge into research and innovation activities of the Center of Excellence (CoE).

In order to achieve this ambitious goal, BDD focuses its efforts on the following core activities:

– strategic planning,

– business development,

– product management and

– capacity building.

Within BDD internal and external analysis are performed by assessment and evaluation of various business aspects and opportunities for growth including, but not limited to different aspects of Intellectual Property rights and their utilization for business expansion.

In parallel, BDD performs a technology watch, maps new business opportunities and project calls and establishes new partnerships in order to expand the current BioSense ecosystem and contribute towards income diversification of the Institute.

BDD team excels in preparing new project proposals and winning new funding opportunities. Although the scope of such projects is different, all have the same aim – to foster BioSense Institute research centers, boost our scientific achievements as well as to upgrade the business capacity to support the growth and expansion. Currently, just the Department is involved in more than 18 international projects, being in charge of project management and implementation.

The Department also provides dynamic and comprehensive portfolio of business trainings in order to enhance capacity building of Institute’s staff. It is especially focused on nurturing the entrepreneurial mindset of the Institute’s researchers and supporting them towards the commercialization of their research results.

During the course of H2020 ANTARES project (2017 – 2024), BDD will establish and operate a set of complementary value-added facilities (BioSense Accelerator, Digital Farm, Shared Research Facility and BioSense Regional) that will maximize the innovation potential of the new CoE. Through BioSense Accelerator, BDD aims to provide fundraising opportunities and offers unique mentoring program to a broad range of beneficiaries, such as SMEs, start-ups, regional research community, etc. At the same time, all activities and resources are put on disposal to all BioSense scientists, further providing the two-fold input to their research: (i) market trends and industrial advancements and (ii) encouragement to kick-start their own entrepreneurial journey.

BDD hosts two equally important directly market-oriented entities – Precision Agriculture Living Lab (focused on user-centric innovation and solution co-creation) and BioSense Digital Innovation Hub (bringing digital solutions to the broad farm-to-fork value chain by offering business, technical and ecosystem services to external stakeholders – meaning that external parties can receive support while developing their technical solution, by receiving business advice, or by being introduced to relevant partners and communities).

To overall aim of BDD is to secure the long-term sustainability of CoE and impact for the Serbian and European economy.

For more information regarding our activities, please contact Ms. Milica Trajkovic at biosense.rs