Established in 2002, the TERA Tehnopolis is a joint-venture of the Josip Juraj Strossmayer University of Osijek, the City of Osijek and the Osijek-Baranja County. The activities of the Centre especially focuses on the development of knowledge-based economy implementing significantly improved technologies (products, services and processing), and the commercialization of publicly funded research conducted by the Josip Juraj Strossmayer University of Osijek and the protection of intellectual property. Every year, more than 500 companies or individuals who plan to start business contacts TERA regarding various business issues.