UAB INVESTICIJŲ IR VERSLO GARANTIJOS (INVEGA) is launching a call for expressions of interest in order to identify financial intermediaries (a Fund Manager or Financial Intermediary) to establish and manage the implementation of a risk capital fund (or funds) focused on investing in Micro and small-sized enterprises and implement Accelerator Programmes for the Final Recipients.
The Financial instrument implemented by the Business Financing Fund, a fund-of-funds established as part of the Operational Programme for the EU Funds’ Investments in 2014-2020. The principal purpose of the Fund shall be to promote the risk capital market and facilitate access for MSEs in Lithuania to long term equity and quasi-equity financing and provide Accelerator Programmes consistent with the Ex-ante Assessment. The implementation of the Fund shall aim to increase the level of competitiveness of Lithuania by supporting the establishment of new enterprises and improving overall business productivity.
This Call for Expression of Interest has been prepared for financial intermediaries wishing to apply to be selected as the Fund Manager (the Applicant) for the Fund and outlines the terms and conditions applicable to the selection of the Fund Manager. Applicants should express their interest by completing and submitting an Expression of Interest in the manner provided for in this Call for Expression of Interest.
More information and documents can be found at http://invega.lt/en/venture-capital/invitation/accelerator-fund/