DELFI / Kiril Čachovskij
“This new trial measure will encourage private investments into the ideas of young businesses with potential to help them reduce their initial risk and accelerate their successful growth. We invite business representatives to give us their comments and suggestions on how to implement this measure,” said Minister of Economics Evaldas Gustas.
According to Gustas, the new fund will receive €11 million in funds that have been returned or will be returned to the INVEGA fund, which is also run by the ministry. The new measure will be controlled by a newly formed daughter company owned by Investicijų ir Verslo Garantijos (INVEGA).
Together with private investors, the fund will invest into small business with retained earnings that were registered no more than 5 years ago. Private investors, which will be able to be venture capital funds or teams of no fewer than three angel investors, will be investment initiators who will be able to suggest potential company investments to the fund’s managers.
While Prime Minister Gintautas Paluckas does not take issue with the statements made by the…
Lithuanian economists are surprised to see our country's economic growth: the Estonian economy has been…
"The fate of Nemuno Aušra (Dawn of Nemunas) in the coalition has been decided; they…
Airvolve, a Lithuanian dual-purpose aeronautics company, has successfully completed its first round of testing and…
The world is becoming smaller, more intertwined, and increasingly fragmented, with many of the previous…
In recent years, Vilnius, the vibrant capital of Lithuania, has experienced a culinary renaissance. While…