Date: 16/05/2018

Raiffeisen Bank‘s `Elevator Lab Challenge` Project Commences in Serbia

The Project ''Elevator Lab Challenge,“ organized by Raiffeisen Bank International (RBI), is the biggest corporate program in Middle and Eastern Europe, designed for all startup companies that innovate and digitalize areas of business and finance.

Raiffeisen bank in Serbia invites all startup companies to take part in this program, which is organized in collaboration with the first domestic startup accelerator StartIT. The winning companies participating will receive an award of EUR 5,000 and a direct advance to the semifinals of RBI’s program in Vienna, where they will be competing against the winners from other countries.

The six best startups, chosen by the criteria of an expert jury, will receive training and mentor ship from RBI and also financial support of up to EUR 40,000 to develop their pilot product. Besides, winners will receive RBI as a client or a distributor, as well as the opportunity to integrate their innovation in RBI net.

“The aim of this project is to create an opportunity for synergy between the bank and startups as well as to foster bringing innovation to finance and the banking market. These type of projects will give a chance to all startup companies to develop and implement their innovative ideas which are relevant for modern way of business“, said Zoran Petrović, President of Executive Board of Raiffeisen Bank in Serbia.

This invitation is open for all startups who innovate and digitalize in the area of business and finance. Applications for this contest in Belgrade are open until June 10.

For additional information about the project, propositions of participation, timing and rewards, please visit website :