What are the benefits?
Financial instrument Venture Capital Fund is intended to promote the transfer of ideas generated in research and higher education institutions to business (commercialisation) and ensure greater availability of capital to micro, small and medium-sized enterprises developing products in high-technology sectors.
During the implementation of the measure micro, small and medium-sized enterprises will be offered expert assistance in identifying innovative technology ideas having commercial potential, financing and implementation support.
What companies are eligible?
Micro, small and medium-sized enterprises.
What is the maximum amount?
It is estimated that the fund will invest the total of €20M. INVEGA will invest €13.8M in total of INVEGA funds, allocated for re-investing from previous ventures.
How does it work?
Information on the fund is available on the Open Circle Capital website http://opencirclecapital.lt/