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international investments in high SMEs with high
ization growing SMEs, will growth potential is
provide development of limited.
innovations in Baltics
and will promote the
development of the
venture capital market.
3. Knowledge Private R&D Loans for JSC “Single Providing investments Yes Timing 50 million 20 million Even with a good
and the digital SMEs Development Institution” in all forms (loans, 2016 -2017 EUR EUR and economically
economy growth guarantees, mezzanine) viable business plan
and attracting SMEs have a
additional co-funding limited
SMEs with economic opportunities to
viable projects will be acquire funding
able to grow and from market. It is
become more due to higher risks,
competitive. insufficient
collateral, credit
history, SMEs
operating history,
unstable cash flow.
4. Knowledge Private R&D Financial JSC “Single To boost new Yes Timing 85 million 10 million Even with a good
and the digital instruments Development Institution” technologies, access to 2016 -2017 EUR EUR and economically
economy for finance to innovations viable business plan
innovations loans should be SMEs have a
provided. limited
opportunities to
acquire funding
from market. It is
due to higher risks,
insufficient
collateral, credit
history, SMEs
operating history,
unstable cash flow.
5. Knowledge Public R&D Infrastructur Non-governmental The primary aim of the Yes Timing 130 10 million Barriers:
fornization
and the digital Private R&D e orga – the project is to increase (National 2015-2020 million EUR Lack of funding for
economy research, Society “Baltic Institute competitiveness of Develop The EUR the infrastructure
education of Research, Technology Baltic countries and the ment Society (This which promotes
and and Innovation – BIRTI” Baltic Sea region by Plan ofBIRTI isincludes innovation and
innovation (the creati clusterng environment Latvia established funding for cooperation
of smart“BaltSmartTech”) where innovations and for 2014 with the between the
technologies new businesses in- 2020) members developme research institutions
in fields of engineering from nt of (1) and the industry.
ization growing SMEs, will growth potential is
provide development of limited.
innovations in Baltics
and will promote the
development of the
venture capital market.
3. Knowledge Private R&D Loans for JSC “Single Providing investments Yes Timing 50 million 20 million Even with a good
and the digital SMEs Development Institution” in all forms (loans, 2016 -2017 EUR EUR and economically
economy growth guarantees, mezzanine) viable business plan
and attracting SMEs have a
additional co-funding limited
SMEs with economic opportunities to
viable projects will be acquire funding
able to grow and from market. It is
become more due to higher risks,
competitive. insufficient
collateral, credit
history, SMEs
operating history,
unstable cash flow.
4. Knowledge Private R&D Financial JSC “Single To boost new Yes Timing 85 million 10 million Even with a good
and the digital instruments Development Institution” technologies, access to 2016 -2017 EUR EUR and economically
economy for finance to innovations viable business plan
innovations loans should be SMEs have a
provided. limited
opportunities to
acquire funding
from market. It is
due to higher risks,
insufficient
collateral, credit
history, SMEs
operating history,
unstable cash flow.
5. Knowledge Public R&D Infrastructur Non-governmental The primary aim of the Yes Timing 130 10 million Barriers:
fornization
and the digital Private R&D e orga – the project is to increase (National 2015-2020 million EUR Lack of funding for
economy research, Society “Baltic Institute competitiveness of Develop The EUR the infrastructure
education of Research, Technology Baltic countries and the ment Society (This which promotes
and and Innovation – BIRTI” Baltic Sea region by Plan ofBIRTI isincludes innovation and
innovation (the creati clusterng environment Latvia established funding for cooperation
of smart“BaltSmartTech”) where innovations and for 2014 with the between the
technologies new businesses in- 2020) members developme research institutions
in fields of engineering from nt of (1) and the industry.
