DukaFest started out in memory of Dusko Dukic "Duka", a student of Film and TV directing at the Academy of Arts in Banja Luka. The festival was initiated by his friends from the film studies and it was named after him.
The first edition, "DukaFest 2008", was a single all-day retrospective of films made by film students from Serbia and Bosnia and Hercegovina. In 2009, the drama department students at the Academy of Arts, University in Banja Luka founded an citizens' association KROV (an organization for incentive and development of culture and art) and with cooperation of Academy of Arts, organized an international student film festival "DukaFest 2009", which became competitive since that year. The festival is awarding students in the best fiction, the best documentary, the best directing, the best editing and the best cinematography categories.