The financial instrument Co-investment Fund for Transport and Communications is implemented from the financial resources of the Cohesion Fund. The instrument will be managed by Invega together with UAB Kofinansavimas, a subsidiary of Invega established for the management and efficient implementation of venture capital funds. The instrument will be implemented through the existing limited partnership Koinvesticinis Fondas.
What are the benefits?
This financial instrument is aimed at promoting the establishment of SMEs developing mobility services and products, intellectual transport systems (ITS) and innovative transport technologies reducing CO2 emissions produced by the transport sector.
What companies are eligible?
Micro, small and medium-sized enterprises (SMEs).
What is the maximum amount?
The Ministry of Transport and Communications allocated a total of EUR 4 million from the Cohesion Fund for investments in micro, small and medium-sized enterprises.
How does it work?
Together with private investors, the Co-investment Fund will invest in micro, small and medium-sized enterprises, which have not allocated their profits. Investments will be made only in potentially viable projects that can generate the target return on investment and ensure easily predicted exit from investments.
Private investors, including venture capital funds or at least three teams of business angels, will be investment initiators able to keep a regular flow of proposals to invest in prospective companies to the fund manager.
The Fund will participate as a silent investor in companies in which investments will be made. The relevant provision will be included in shareholder agreements concluded with private investors and will be negotiated with private investors on a case-by-case basis.
More information for private investors or companies eligible for funding is provided on the website of UAB Kofinansavimas: http://www.koinvest.lt/Atnaujinta 2019-09-16