Early Stage and Development Fund I
What are the benefits?
Financial instrument Early Stage and Development Fund I is intended to promote the transfer of ideas generated in research and higher education institutions to business (commercialisation) and ensure greater availability of capital to micro, small and medium-sized enterprises developing products in high-technology sectors.
During the implementation of the measure micro, small and medium-sized enterprises will be offered expert assistance in identifying innovative technology ideas having commercial potential, financing and implementation support.
What companies are eligible?
Micro, small and medium-sized enterprises.
What is the maximum amount?
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.
Information on the fund is available on the Open Circle Capital website http://opencirclecapital.lt/