The overall ovjective of the Challenge to Change 3.0 project is to contribute to increasing competitiveness and sustainable socio-economic development in Bosnia and Herzegovina. One of the main characteristics of the Challange to Change 3.0 project is its open, competitive application process, which provides grant beneficiaries with a one-time and limited supportion grant to overcome the uncertainties that inhibit innovation, research and development, investment and new approaches. The Challange to Change 3.0 project will support innovative projects of business entities through the introduction of new products, services or processes that may lead to significant changes, not only to marginal improvements.