The Institute for Scientific Research and Development was established in 2012 in Ulcinj. Initially, a group of intellectuals and scholars from Ulcinj started the establishment with the support of Novi Sad scientists. Legally known as a Judicial Person, it has been established as a joint-stock company that is open to all researchers, especially from Ulcinj, creating the premise for faster growth and development of its municipality, as well as for the region. Many young people from Ulcinj will be able to improve in their community and with less cost than moving to larger cities of their country or beyond.
The main goal of the Institute is to strengthen training and scientific research in social fields. The Institute is mainly follows business economic research (business enterprises) and is focused on some main areas such as:
The economic field
The area of law
Mathematical, statistical and information sciences
Social sciences
Areas of training and retraining of staff for the economy
Fields of publishing activity and librarianship
The Institute's program aims to enhance scientific research, foster cooperation with other institutions, and facilitate the transfer of knowledge and technology. Its funding sources include national and international conferences and publications, contributing to the development of Ulcinj municipality and generating additional income.