Investicijų ir verslo garantijos (INVEGA) invites interested parties to submit comments on the draft Call for Expression of Interest and Terms and Conditions for new risk capital instrument “MILInvest” planned by the Ministry of National Defence.
Please submit your comments no later than Wednesday 24 February 2021 by email firstname.lastname@example.org. Comments may be submitted in either the Lithuanian or English language.
The final Call for Expression of Interest is intended to be published in March 2021 in English language. The final Call for Expression of Interest may differ in part to this draft version published for comment.
This new risk capital instrument is aimed at promoting experimental development and innovative activities in the defence and security sector in Lithuania by providing investments in emerging and viable high-tech companies in the Lithuanian defence and security sector. The instrument shall offer pre-acceleration program, acceleration programs and equity as well as quasi-equity investments in viable businesses in the defence and security sector.
This financial instrument will be financed by the Defence Investment Fund. Fund manager selected by INVEGA will be expected to raise additional funding from independent private investors.
The Defence Investment Fund was established on 8th December 2020 by the Ministry of National Defence and INVEGA and is financed from the State budget.