The annual Butterfly Innovation and Business Forum was designed to deepen the understanding of current innovation opportunities, improve the performance of the region’s innovation efforts and assist the development of regional innovation ecosystem. The Forum focuses on showcasing successful practices, start-ups and innovative companies from the region and provides an opportunity for networking.

Following the first Butterfly Innovation and Business Forum held on 16-17 December 2021 in Skopje, the Regional Cooperation Council launched the Butterfly Innovation Award, as a way to display the efforts of the regional innovation community.