Business Development, Innovation and SMEs

Key facts

Programme Operator:
Agency for Science, Innovation and Technology
Programme ID:
LT-INNOVATION
Programme Donors
IN
Date of approval:
Total amount:
€14,402,000
Norway Grants fund:
€ 14,402,000

Currently available funding

More information

Programme Summary

Objective

Increased value creation and sustainable growth

Programme summary

This Annex sets out the operational rules for the Business Development, Innovation and SMEs programme (hereafter – the programme). The programme agreement is based on the Memorandum of Understanding on the implementation of the Norwegian Financial mechanism 2014-2021 between the Republic of Lithuania and the Kingdom of Norway (hereinafter – MoU), the concept note and comments made by the Financial Mechanism Committee (hereafter – FMC). Commitments, statements and guarantees, explicit as well as implicit, made in the concept note, are binding for the Programme Operator unless otherwise explicitly stipulated in the annexes to this programme agreement.

The Programme Operator is the Lithuanian Agency for Science, Innovation and Technology (hereafter – MITA). The Donor Programme Partners is Innovation Norway. The Ministry of Economy and Innovation of the Republic of Lithuania is Programme Partner. The programme shall support the outcome “Increased competitiveness of Lithuanian companies within the focus areas Green Industry Innovation, including bio economy, and ICT” by way of at least two calls for proposals and two Small Grant Schemes (SGS).

The three calls for proposals and the first two Small Grant Schemes (SGS 1 and 2) will support a wide range of project initiatives aimed at improving the economic performance of Lithuanian enterprises in order to contribute to increased value creation and sustainable growth. The third Small Grant Scheme (SGS 3) will support initiatives for the development of business and management skills.

Programme Concerns

The Ministry of Economy of Lithuania shall be Programme Partner and shall be actively involved in and effectively contribute to the development and implementation of the programme.

The programme shall address the following focus area: green industry innovation, including bio economy. Two additional focus areas can be agreed in the concept note phase.

Bilateral Ambitions

€ 125 000 shall be allocated to the programme from the fund for bilateral relations. This does not prevent the Joint Committee for Bilateral Funds from allocating additional funds to the programme.

Information on the projects funded by the EEA and Norway Grants is provided by the Programme and Fund Operators in the Beneficiary States, who are responsible for the completeness and accuracy of this information.