The EU4Tech team has developed a proposal for a Proof of Concept (PoC) financial instrument for the Western Balkans countries that has been discussed widely by the participants in the workshop. A PoC financing can facilitate the validation (prototype, demonstrator, proof of market, etc.) and assessment of commercialization options for technologies developed within Public Research Organizations (PROs) and micro-enterprises/SMEs. The objective of providing PoC financing is to provide financial support to researchers to help them in successfully converting good research into good business. PoC funding is currently at a modest stage of development in the region.