Selection for the Manager of the Risk Capital Financial Instrument Accelerator Fund – Call Reference: 2018/BFF/AF

UAB Investicijų ir Verslo Garantijos (hereinafter referred to as “Invega”) hereby invites potential fund managers to express interest in the management of the new risk capital financial instrument Accelerator Fund of the Ministry of Economy.

The new financial instrument Accelerator Fund will be implemented by Invega which will select two fund managers, each of which will set up two risk capital funds (acceleration and seed stages).

Submission of expressions of interest

The Call for Expression of Interest for Accelerator Fund managers contains all information related to the application process. All documents and information specified in the Call for Expression of Interest must be submitted by the applicants to Invega in the manner provided for in the Call for Expression of Interest.

If you have any additional questions, please do not hesitate to submit them via e-mail to akceleravimas@invega.lt in accordance with the deadlines specified in the Call for Expression of Interest. Questions may be submitted in either the Lithuanian or English languages. The replies to questions will be published in the Lithuanian and English languages on the website of INVEGA at http://invega.lt/lt/duk/akceleravimo-fondas/.

Each Applicant will be notified of further actions planned and decisions taken by INVEGA.

Main deadlines related to the submission of Expressions of Interest

Deadline for Applicants to request clarifications from Invega regarding this Call for Expressions of Interest and the terms and conditions applicable to each fund: 3 May 2018 (inclusive)

Publication of any answers to relevant requests for clarification received within the above deadline: 10 May 2018 (inclusive)

Application deadline: 17 May 2018 (inclusive)

Invitation of the shortlisted applicant(s) to present, and answer questions on their business plans: by 5 July 2018.

About financial instrument Accelerator Fund

The new instrument is aimed at promoting the growth of micro and small businesses, enhancing the level of entrepreneurship in the country and creating a favourable environment for risk capital investments in Lithuania.

This instrument will be implemented from the funds of the Business Financing Fund financed from the European Regional Development Fund (hereinafter referred to as the “Business Financing Fund”). The Accelerator Fund managers selected by Invega will be also expected that they will attract additional funding from independent private investors.

The Business Financing Fund was established by the Ministry of Economy, the Ministry of Finance and Invega on 15 April 2016.

The Call for Expression of Interest for Accelerator Fund Managers LT, ENG*

Disclaimer LT, ENG*

*Please note that in case of any inconsistency between the English and Lithuanian versions of the Call for Expression of Interest for Accelerator Fund Managers, the English version will prevail.

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