Accelerator 2
Accelerator 2 is a venture capital instrument designed to promote innovation activity though investment into promising micro and small business startups.
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This is translated information. In case of any discrepancies, the original Lithuanian version shall prevail. |
Who is eligible?
- Individuals who have business ideas and eager to develop them. They will be able to participate in the pre-acceleration programme.
- Micro and small businesses.
How does it work?
The venture capital financial instrument “Accelerator 2” will include:
- The pre-acceleration programme for generating ideas and forming teams. Mentoring services will be provided to teams for the development of ideas, product or service development, and financial assistance will be provided to the selected programme participants.
- The acceleration program consisting of training, lectures, consulting on company formation, law, fundraising, sales and other issues. The programme will strengthen businesses, grow competencies and further develop products and businesses, as well as provide initial venture capital investments for micro and small enterprises (SEs).
- The venture capital investments for micro and small (SE) enterprises in the pre-seed and seed stages.
Following the selection of the two financial intermediaries, each will set up two venture capital funds – the Pre-seed Fund, which will carry out pre-acceleration and acceleration programmes and initial venture capital investments, and the Seed Fund, which will carry out venture capital investments.
Where to apply?
Please contact the fund managers:
Founded in 2020 at the initiative of the Ministry of Economy and Innovation, the Ministry of Finance and ILTE, the Fund is financed from the State budget and Recovery and Resilience Facility.
The two financial intermediaries selected by ILTE will also attract funds from independent private investors.