MDIF Western Balkans Fund has closed its first call for applications for media along the early-stage spectrum after attracting a strong response. The call, which closed on May 15, targeted early-stage ventures seeking equity investment, with a particular focus on innovative startups pioneering native digital content delivery, innovative tools, and technologies supporting enhanced accessibility to information for citizens. Its successful completion represents a significant milestone in the Fund’s activities.
“We have received 47 applications by the closing date, indicating a notable level of interest and engagement,” said Jelena Milosevic, Director of MDIF Western Balkans Fund. “The applications come from a wide range of proposals, including ventures in media, tech solutions for newsrooms, and AI-driven innovations in journalism. We all know that fortune favors the brave, and this result is a signal that MDIF Western Balkans Fund embodies hope, offering horizons of investment opportunities, nurturing pluralism, and fostering regional cooperation.”
This diversity of ideas from all six countries – Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia – highlights the depth of talent and ingenuity within the community. The first call for equity financing represents a significant step towards fostering innovation and empowerment in the media and technology sectors. The initiative has garnered extensive attention from Western Balkans media, featured in over 30 news reports, showcasing its broad impact.