The Development Agency of the Republic of Srpska (RARS) was founded in 2004 in accordance with the Law on Encouraging the Development of Small and Medium-Sized Enterprises, as a legal entity and a non-profit organization.
It is responsible for providing support for the establishment, growth and development of SMEs, providing support for the establishment of entrepreneurial infrastructure, support for local economic development, participating in the creation and implementation of the SME Development Strategy and other development documents. The agency is also responsible for cooperation with international institutions and participation in the creation and implementation of international and domestic programs and projects to support SMEs and the economy as a whole.
The Innovation Center Banja Luka is a hub for supporting and developing entrepreneurship in the Republic of Srpska.
ICBL is a leading force in the development of an innovative society in RS/BiH, strong in the fields of knowledge and technology, serving as a catalyst for job creation and wealth. With the aim of becoming a key driver of innovation in the Republic of Srpska and bridging the gap between science and research and the business sector, ICBL serves as the foundation for innovation. It provides relevant services in incubation and business development, as well as market-oriented professional consulting, training, and conference facilities.
The Chamber of Commerce of Republika Srpska, along with its regional chambers in Banja Luka, Bijeljina, Doboj, East Sarajevo, and Trebinje, constitutes a unified chamber system in Republika Srpska.
he Chamber is a non-governmental, independent, professional-business organization, an independent and nonprofit legal association of economic entities and business associations within the territory of Republika Srpska. The activities of the Chamber are primarily focused on representing the interests of its members and the overall economy before legislative and executive authorities. It also aims to connect business entities in Republika Srpska and Bosnia and Herzegovina, enhance economic relations between the business community in Republika Srpska and other countries, provide professional training, and ensure the necessary information and advisory services for its members.
The Faculty of Electrical Engineering in Banja Luka originated from the Electrical Engineering Department of the Technical Faculty in Banja Luka, established in 1962. The official founding date of the Faculty of Electrical Engineering in Banja Luka is November 24, 1962.
The focus of the faculty is on educating professionals in the field of electrical engineering and computer science. It is recognized for its high-quality teaching process, achievements in scientific research, and participation in professional and scientific projects. Given the high demand for graduates in the job market and their crucial role in the development of Republika Srpska, the goal is to train a larger number of experts while maintaining and improving the quality of studies at all three levels. An important aspect receiving attention is scientific research. Measures are taken to develop scientific research at the faculty, enhance collaboration with industry, advance international cooperation in the field of scientific research and professional activities, and provide support and recognition for achieved results in scientific research.
EDA works on creating and applying knowledge necessary for the development of enterprises and local communities in Bosnia and Herzegovina and the Western Balkans region. They successfully combine a research approach to thoroughly understand the context and nature of problems with developmental support that focuses on new practices and finding practical, feasible, and innovative solutions to challenges.
EDA conducts research on the needs of enterprises, facilitates collaboration between the industrial and IT sectors in implementing digital solutions, and organizes business training, among other activities.