As part of the “Invest for Change” project and with the financial support of the European Union, Foundation 787 is launching the Impact Fund, a grant-based funding program intended to co-finance Bosnian and Herzegovinian startups and businesses that demonstrate a clear positive impact on society and/or the environment.
The main objectives of providing financial support to startups and businesses with a positive social or environmental impact are to facilitate the development of new products and services, create new and improve existing business models, enhance the sales of products and services both within Bosnia and Herzegovina and internationally, and strengthen the financial stability and independence of startups and enterprises.
The F787 Impact Fund, valued at EUR 261,000, will provide impact-driven startups and businesses in Bosnia and Herzegovina with the opportunity to apply for non-repayable grants over the next three years. These grants are intended to support the development of products and services with a positive social or environmental impact, as well as expansion into both domestic and international markets. The fund will focus on:
- Developing innovative products and services;
- Creating sustainable business models;
- Supporting social and environmental impact;
- Developing green and digital solutions;
- Increasing employment opportunities (with a particular emphasis on vulnerable groups);
- Improving financial sustainability;
- Internationalizing business operations;
- Contributing to the Sustainable Development Goals (SDGs).
The F787 Impact Fund will offer grants of varying amounts to impact startups and businesses in Bosnia and Herzegovina, depending on their stage of development and investment needs:
- Startups and SMEs at the ideation stage;
- Startups and SMEs in the early development stage;
- Startups and SMEs in the growth and scaling stage.
The first call for applications and the implementation of the first cycle of financial support for startups and businesses addressing environmental or social challenges will last 1 year and 3 months. The total amount of grant funding allocated for the first cycle is EUR 100,000.
Non-repayable grants will be awarded to startups and SMEs with the highest-rated applications. The total amount of grants awarded under the first call will not exceed EUR 100,000.
The application deadline is 10 July 2026 at 23:59. Applications may only be submitted through the designated application form. Applicants are required to attach the following documents:
- Certificate of company registration with a clearly visible identification number (ID);
- Business Model Canvas;
- Indicative Action Plan.
All documents must be completed, converted, and submitted in PDF format.
In addition to the application form, all applicants will be required to complete a pre-test. Applicants who fail to complete the pre-test will automatically be deemed ineligible for grant funding. The pre-test must be completed on the same day that the application form is submitted.
Detailed eligibility criteria, the application selection and evaluation process, including comprehensive explanations of eligible applicants, solutions, and costs, are available through the official guidelines.
“Invest for Change” is implemented by Foundation 787 with the financial support of the European Union, in partnership with Impact Europe (Belgium) as the lead partner, together with Partners Albania (Albania), Innovation Centre Kosovo (Kosovo), ADP ZID (Montenegro), ARNO (North Macedonia), and Smart Kolektiv (Serbia).
