Are you a startup, registered in Lithuania for no longer than 5 years? We have some great news for you!

There is a new funding measure for you to cover costs of your trip to foreign events. We are waiting for your applications until the 17th of November via email paraiskos@inovacijuagentura.lt.

F.A.Q.s:

What’s the purpose of the measure?

To promote the internationalisation of Lithuanian startups, the establishment of contacts with foreign investors and/or potential partners, clients, as well as competence development by reimbursing the costs of participation in foreign events.

What is the total amount allocated to the measure?

EUR 165,000

From which budget is the measure financed?

From the State of the Lithuania budget.

Which events are funded?

• International, i.e. taking place abroad;
• High-tech and/or startup related;
• Relevant to the field in which the applicant operates;
• Must take place in a foreign country that is not included in the list of countries not recommended for travel, as listed on the official website of the Ministry of Foreign Affairs of the Republic of Lithuania https://keliauk.urm.lt/.
• Must take place in the period between 1 January and 31 December 2023
• A maximum of two foreign events held/to be held in 2023 per startup may be funded.

Who can be an applicant?

• Startup, i.e. a startup company registered in Lithuania, which has been registered in the Register of Legal Entities for no more than 5 years.

Which costs are eligible?

Travel costs incurred and paid in 2023, according to the fixed rates:

• The cost of event tickets or registration fees for two (2) representatives of the startup.

How many times can the same applicant receive a grant per call?

• Two grants to attend different events in different foreign countries, but the total amount of the grants cannot exceed EUR 3,000 per startup.

How is the selection process carried out?

The selection process is continuous. Applicants can apply as soon as they have incurred the costs and can justify them even if the event has yet to take place.

Until when can I apply?

Until 17 November, 11:59pm.

Does the event have to have taken place and the costs incurred at the time of application?

The 2023 foreign event can be both ongoing at the time of application and yet to take place in the future (e.g. in a month other than the month in which the application is being submitted), but the costs (e.g. flight bookings, event ticket costs) must have already been incurred at the time of the application.

What documents must accompany the application?

1. Single company declaration
2. Documents (programme/agenda, invitation, travel tickets, photographs or other documents supporting travel and participation) to support travel and participation in a foreign event. 
3. Documentation supporting the cost of the ticket/registration fee for the foreign event (foreign event tickets, payment documents, receipts, invoices and/or other supporting documents).  
4. Product/service pitch deck. 
5. Copies of documents confirming the deferment of payment of taxes, interest, penalties, if the applicant is subject to the circumstances referred to in Point 28 of the Procedure (the payment of taxes, interest, penalties has been deferred in accordance with the procedure laid down by the legislation of the Republic of Lithuania, or there is an ongoing tax dispute in respect of these taxes, interest, penalties). 
6. Other information.

Find more information about the funding measure and forms for the application in the Open Call here (in Lithuanian) >>