A memorandum of strategic cooperation between the University of Montenegro and Five Group was signed today at the Rectorate of the University of Montenegro. This formalized a partnership focused on the advancement and application of cutting-edge technologies, particularly in the areas of advanced software solutions, information technology, mechanical engineering, robotics, VR/AR technologies, and artificial intelligence.

The memorandum was signed by the Rector of the University of Montenegro, Prof. Dr. Vladimir Božović, and the Executive Director of Five Group, Mr. Božidar Raković.

“This memorandum is not just a symbolic act of cooperation, but the beginning of a concrete and strategically significant partnership that will enable the implementation of advanced technological projects and open up new opportunities for students and academic staff,” stated Prof. Dr. Vladimir Božović during the signing ceremony.

The University of Montenegro will provide its resources and expert support to ensure the successful implementation of technological projects and will encourage cooperation between its units and Five Group. On the other hand, Five Group will provide the University with access to state-of-the-art technological resources, raising the level of joint research and development.

“This partnership with the University of Montenegro represents an important step for us in integrating the academic community into real-world industrial projects. It enables us to harness the exceptional capacities that the University possesses,” emphasized Mr. Božidar Raković.

The signing was also attended by the founder of Five Group, Mr. Ivan Šoć.

“Signing this memorandum with the University of Montenegro, the country’s leading research institution, marks a crucial step toward the development of advanced technological solutions across various fields. It will directly contribute to overall societal progress. This partnership opens the door to innovation and research that will bring tangible benefits to the community, leveraging shared resources and expertise to achieve goals of broader societal significance. We look forward to the projects that will emerge from this document, believing that together we can create a better future for all,” said Mr. Šoć.

This memorandum is expected to contribute to innovation and improvements both at the University of Montenegro and within Five Group, as well as in the wider community, thereby advancing technological development and education.