As of August 2025, the Fund for Innovation and Technology Development (FITD) and the Agency for Promotion of Entrepreneurship (APPRM) merged to form the Agency for Innovations, Scientific and Technological Development and Entrepreneurship (INOVA). INOVA operates autonomously while remaining accountable to the Government of North Macedonia. Its mission is to facilitate access to finance and support innovation, scientific and technological development, and entrepreneurship.The Agency designs, implements, and finances programs that strengthen the innovation ecosystem through funding instruments, support for startups and SMEs, promotion of self-employment, cooperation between academia and industry, and access to domestic and international financial resources.

INOVA’s portfolio includes more than 1,056 funded projects through co-financed grants for startups, spin-offs, commercialization of innovations, technological development, accelerators, and technology extension. Through thematic challenges addressing climate change, digital transformation, agriculture, health, social entrepreneurship, and innovation vouchers, over 100 additional projects have been supported. The Agency also promotes STEM education and youth creativity, supports innovation infrastructure such as Fab Labs and Maker Spaces, provides technical assistance to SMEs, and implements promotional activities.