Baltic Innovation Group is a worldwide organization with the base camp in Alytus, Lithuania. The establishment is working with activities in the Baltic Sea Region what's more, is the administrating Innovation Circle Network
The Baltic Innovation Fund (BIF) is a Fund-of-Fund activity propelled by the EIF in close co-operation with the Governments of Lithuania, Latvia and Estonia in 2012 to help value speculations made into Baltic Small and Medium estimated endeavors (SMEs) with high development potential.
BIF speaks to an EUR 52 million venture by EIF with every Baltic Government submitting EUR 26 million through their individual national offices (INVEGA in Lithuania, KredEx in Estonia and Altum in Latvia (beforehand LGA). Huge part of the assets submitted by national organizations are returned assets from before Structural Fund financed budgetary instruments under JEREMIE system, now being reused.
BIF will put EUR 130 million into private value and funding stores concentrating on the Baltic States amid 2013-2016 through an 'asset of assets' procedure to pull in extra private back and execute the best market measures for value putting resources into organizations. This trans-national procedure gives a genuine chance to encourage build up the Baltic Private Equity and Venture Capital market and to animate job and aggressiveness in the locale. BIF is proposed to fabricate an adjusted arrangement of funding and private value speculations with a venture concentrate on the Baltic States. The parity will cover the parts of instrument center, vintage and a properly broadened number of fundamental exchanges.Read More»