INVEGA is a financial entity incorporated by the State. The main objectives of the operations of the entity are as follows: provision of financial services and implementation and administration of financial and other support measures for SMEs.
|What companies are eligible?||Where to apply|
|Entrepreneurship Promotion Fund 2014—2020 (EPF2)||Micro and small companies, natural persons working under the business license or self-employed whose status conforms to the SME status under the SME law.
Individuals who intend to set up a business and/or recently established entrepreneurs (up to 1 year since the entity’s registration).
|Applications are required to be submitted to the credit unions, members of the Lithuanian Central Credit Union (LCCU).|
|„Startuok“||SMEs that comply with the SME status defined in the SME Law, and:
that have been operating for the period not exceeding three years from the day of registration of an enterprise or self-employment;
that are implementing the projects of social impact and that have been operating for the period not exceeding five years from the day of registration of an enterprise or self-employment.
|The application for loan shall be addressed to INVEGA. It shall be submitted together with the supporting documents via the application submission system.|
|Crowd Funding Loans Aviete||Small and medium-sized enterprises operating in Lithuania.||Further information about the conditions and opportunities under the measure Aviete is available at crowd funding platforms FinBee and Nordstreet.|
|Alternatyva Instrument – Alternative Lending for Businesses||SMEs that comply with the SME’s status under the SME Law whose activities, according to a financial intermediary’s assessment, are sustainable and the planned cash flows are sufficient to fulfil their obligations.||Financial undertakings granting Alternatyva loans under the de minimis aid rules|
|Open Credit Fund 2||Small and medium-sized enterprises.||In order to use the financial instrument under the Open Credit Fund 2, enterprise or entrepreneur is required to apply, firstly, to the credit institution with which a cooperation agreement was formed. Currently, soft loans under Open Credit Fund 2 are provided by Citadele bank and Medicinos bankas. Medicinos bankas provides leasing transaction services as well.|
|What companies are eligible?||Where to apply|
|Guaranteed Leasing||Business start-ups, small and medium-sized enterprises.||INVEGA can provide leasing guarantees to the leasing companies|
|Business start-ups, small and medium-sized enterprises, large companies.||INVEGA can issue guarantees for loans granted by the credit institutions|
|Who is eligible?||How does it work?||What is the maximum amount?|
|Micro and small enterprises.||Information on the Fund is available on the websites||The funding amount allocated by European Regional Development Fund (ERDF) equals 13.47 million euros. In total, together with private investors, The Accelerator Fund amounts to 16.36 million. euros|
|Micro, small and medium-sized enterprises.||Micro, small and medium-sized enterprises can apply for investments directly to Business Angels Co-Investment Fund, managed by Verslo angelų fondo valdymas, Ltd, consisting of Arvydas Strumskis, Daiva Rakauskaitė and Jacek Blonski. Enterprises will be able to attract investments up to EUR 600.000 from the fund itself with an additional investment from business angel, which in total shall not be less than 50 % of the total investment size.||Business Angels Co-Investment Fund is funded by the European Regional Development Fund (ERDF). The preliminary funding amount allocated by the State equals EUR 10.23 million.
|Co-Investment Fund||Micro, small and medium-sized enterprises (SMEs) registered in the Republic of Lithuania.
|CoInvest Capital http://www.koinvest.lt/.||The maximum investment amount is up to 1.6 million euros.|
|Co-Investment Fund for Transport and Communications
|Micro, small and medium-sized enterprises (SMEs).||CoInvest Capital http://www.koinvest.lt/.||The maximum investment amount is up to 1.6 million euros.|
|Co-Investment Fund II||Micro, small and medium enterprises.||CoInvest Capital http://www.koinvest.lt/||The Ministry of Economy and Innovation earmarked for the investments made by the fund EUR 9,28 million from Business Financing Fund funded by the European Regional Development Fund.|
|Early Stage and Development Fund I||Micro, small and medium-sized enterprises.||„Open Circle Cpital“||It is estimated that the fund will invest the total of €20M. INVEGA will invest €13.8M in total of INVEGA funds, allocated for re-investing from previous ventures.|
|Early Stage and Development Fund II||Micro, small and medium-sized enterprises.||Information about the Fund is provided on the website of Iron Wolf Capital at: http://www.ironwolfcapital.com/
Further details on the commencement of the Fund’s activities is available here.
|Upon the completion of the first stage of attracting investment, the total amount of funds available at this Fund makes up EUR 16 million. Early Stage and Development Fund II is funded from the European Regional Development Fund (ERDF). A total of EUR 13.76 million of the public sector co-financing is allocated by UAB Investicijų ir Verslo Garantijos. The remaining amount is contributed by Iron Wolf Capital and other private investors. After the second stage of attracting of investment, the total amount of funds available at the Fund will make up EUR 25–30 million.|
|MILInvest||The newly established Defence Investment Fund will invest in innovative companies in the field of defence and security.||More information|
A. Goštauto st. 40 A, LT-03163 Vilnius, Lithuania
Company code: 302454111
VAT number: LT100005125012
Monday – Friday 8.00 – 17.00
Lunch break 12.00 – 13.00
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