Where the money is committed
This programme commits its whole allocation to one programme area.
Programme· LT-INNOVATION · 2014–2021
Business Development, Innovation and SMEs
Increased value creation and sustainable growth
Programme objective, as agreed.
Allocation
€14m
Allocation by financial mechanism: Norway Grants 100%.
- EEA Grants None
- Norway Grants €14m
Funded by Norway Grants
€17m 118% of allocation
Contracted in signed projects
32
Projects signed
1
Donor programme partners
1
Documents published
| Programme area | Allocation | Share |
|---|---|---|
| Business Development, Innovation and SMEs PA01 | €14m | 100.0% |
Who runs it
Responsible bodies
- Programme operator
- Innovation Agency
- National focal point
- Investment Department, Ministry of Finance
- Short name
- LT-INNOVATION
- Type
- Programme Agreement
Donor programme partners
Institutions from Iceland, Liechtenstein and Norway working on this programme.
Bilateral ambitions
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.
Conditions in the programme agreement
2 concerns were recorded against this programme when it was agreed.
- The Ministry of Economy and Innovation 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.
The 32 projects
€17m of awarded grant.
Signed per year
- 17 2021
- 3 2022
- 12 2023
- Smallest grant
- €165k
- Median
- €394k
- Largest
- €2m
| Largest projects | Signed | Grant |
|---|---|---|
| Innovative green energy generation and storage solutions for e-transport Soli Tek R&D | 7 July 2021 | €2m |
| Development of a less polluting, automated facade system integrated into building management systems Staticus | 16 July 2021 | €1.7m |
| Establishment of a closed loop automotive waste management system in Lithuania Terra recycling | 14 May 2021 | €1.1m |
| Development of an innovative complex predictive maintenance system EA-Predictive Energy Advice | 31 August 2021 | €834k |
| Development of financial management model for solar parks Inion | 1 September 2021 | €822k |
| SMART FALCON - autonomous data collection platform AISPECO, UAB | 7 October 2021 | €812k |
| JSC “Scorify’s” R&D activities for development of a new innovative factoring risk assessment system Scorify | 21 October 2021 | €787k |
| IT innovation: development of AI based management system Nacionalinis švietimo centras | 14 October 2021 | €787k |
Implementation status is not published for this funding period, so projects are shown by awarded grant and signature date rather than by progress.
Documents and calls
Published against this programme.
| Type | Document | Version date | Version |
|---|---|---|---|
| Programme Agreement | Programme agreement LT-INNOVATION | 5 June 2024 | 16.0 |