Innovation system in North Macedonia with its funding support

The purpose of the paper is to analyse the financial results reached by the companies and institutions funded by FITD in the period 2016 – 2020. Paper results from the financial support the companies and institutions will be categorized according to their size department instrument and programme they applied for and performance analysis before and after receiving the funds and taking into account Macedonian economy in its entirety. All companies show positive financial performance before and after the investment in the innovative project. 51% of the FITR portfolio i.e 326 supported companies are startup companies mostly founded by young people.