Lithuania boosts innovative business funding by 30 million euros

Lithuania is bolstering its support for innovative enterprises with a significant injection of funds into the "Perspektyva" financial instrument. The Ministry of Economy and Innovation, in partnership with the Ministry of Finance and the national development bank ILTE, has agreed to add an additional 30 million euros to the program.

This new funding brings the total allocated to "Perspektyva" to 183.5 million euros. The initiative is designed to provide crucial financial backing for businesses that demonstrate innovation and growth potential, thereby fostering economic development and competitiveness within the country.

The "Perspektyva" program is a key financial tool aimed at stimulating businesses through targeted financial measures. By increasing its capital, the Lithuanian government signals its commitment to nurturing a vibrant ecosystem for startups and established companies looking to scale through innovative approaches.