Development Funds III
With this financial instrument, the State aims to promote venture capital investments into micro, small and medium-sized enterprises (SMEs) and small mid-caps in Lithuania, to contribute the European Green Deal by promoting sustainable investments, to ensure a balance of venture capital investments, and help to develop the Lithuanian venture capital ecosystem.
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This is translated information. In case of any discrepancies, the original Lithuanian version shall prevail. |
Who is eligible?
- Micro, small and medium-sized enterprises
- Small mid-cap companies
Where to apply?
Purpose of the instrument
This financial product:
- stimulates the development of innovative, sustainable products and services, and contributes to Lithuania's climate change goals;
- helps to expand the country's start-up ecosystem;
- promotes the country's economic potential and international competitiveness;
- increases the interest of private investors and help fund managers to reach their target fund size;
- increases the level of equity and venture capital investment across Lithuania, filling the gap of funding;
- promotes best practice in the venture capital sector, with the State as one of the main, reliable investors in venture capital funds;
- promotes the return of public investment;
- contributes to the creation of well-paying jobs and GDP growth.