What are the benefits?
Early Stage and Development Fund II is intended to invest in the diversified portfolio of innovative micro, small and medium-sized enterprises with high growth potential in the early development stage which are engaged or plan to be engaged in the activities of scientific research and development and innovation in smart specialisation priority sectors. Furthermore, additional business acceleration activities will be offered under this instrument to final beneficiaries.
What companies are eligible?
Micro, small and medium-sized enterprises.
What is the maximum amount?
Upon the completion of the first stage of attracting investment, the total amount of funds available at this Fund makes up EUR 16 million. Early Stage and Development Fund II is funded from the European Regional Development Fund (ERDF). A total of EUR 13.76 million of the public sector co-financing is allocated by UAB Investicijų ir Verslo Garantijos. The remaining amount is contributed by Iron Wolf Capital and other private investors. After the second stage of attracting of investment, the total amount of funds available at the Fund will make up EUR 25–30 million.
How does it work?
Information about the Fund is provided on the website of Iron Wolf Capital at: http://www.ironwolfcapital.com/
Further details on the commencement of the Fund’s activities is available here.