Baltic Innovation Fund
The Baltic Innovation Fund is a fund of funds created by Estonia, Latvia and Lithuania and the European Investment Fund (EIF) with a purpose to increase equity investments into the enterprises of the Baltic States. The EIF is investing 52 million euros alongside investments of 26 million euros each from the national agencies of Estonia (KredEx), Latvia (ALTUM) and Lithuania (Invega).
In years 2013 – 2016, BIF will invest 130 million euros into private equity and venture capital funds to which an at least equal amount of investments shall be added by private investors and pension funds. Sub-funds shall invest into enterprises according to the investment policy of each particular fund, but the general targetgroup includes Baltic companies with good international development potential.
The investment process for the BIF will begin in 2013 when EIF will start to process transactions with selected Fund Managers. The period of operation of BIF is 10 years.
Potential fund managers interested in creating sub-funds should contact EIF for additional information. Contact person: Jurate Azelionyte (tel: +352 24 85 81 314, e-mail: j dot azelionyte at eif dot org).
Detailed information is available in the web page of the EIF.
Entrepreneurs interested in investments can refer to to the fund managers of sub-funds.