On October 28, 2014 European Commission has inroduced new Operational Programme Research and Innovation (OP RI) for programming period 2014 - 2020. The OP RI represents common document of the Ministry of Education, Science, Research and Sport of SR and Ministry of Economy of SR in the matter of EU Structural and Investment Funds specialized on the promotion of stable environment supporting innovation for all relevant subjects and increase of effectivity and capacity of the research system and innovations in programming period 2014 - 2020 - as a principal pillar for the competitiveness, employment and sustainable economic growth. The OP RI is referring to previous Operational Programme for Rresearch and Development and Operational Programme for Competitiveness and Economic Growth of programming period 2007 - 2013.
The OP RI represents an allocation of EU financial resources of 2 266 776 537,00 € in total. More than a quarter of the resources are to be distributed on the promotion of research, technological development and innovation. The rest is to be allocated on small and medium enterprises competitiveness growth promotion.