[{"data":1,"prerenderedAt":135},["ShallowReactive",2],{"naujienos/regional-businesses-use-financial-aid-to-build-crisis-resilience/en":3},{"status":4,"data":5},true,{"image":6,"id":14,"seo":15,"title":12,"date":90,"url":86,"fullUrl":26,"text":91,"excerpt":25,"more":92,"tags":133,"temos":134},{"src":7,"is_svg":8,"ratio":9,"width":10,"height":11,"alt":12,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2022/12/shutterstock-546537448-5-3840x2560.jpg",false,0.6666666666666666,3840,2560,"Regional Businesses Use Financial Aid to Build Crisis Resilience","",7125,{"title":16,"robots":17,"og_locale":23,"og_type":24,"og_title":16,"og_description":25,"og_url":26,"og_site_name":27,"article_publisher":28,"og_image":29,"twitter_card":34,"schema":35,"breadcrumbs":78,"description":13,"language":87},"Regional Businesses Use Financial Aid to Build Crisis Resilience - Inovacijų agentūra",{"index":18,"follow":19,"max-snippet":20,"max-image-preview":21,"max-video-preview":22},"index","follow","max-snippet:-1","max-image-preview:large","max-video-preview:-1","en_US","article","Businesses which faced financial difficulties between 2019 and 2021 are actively interested in a financial grant announced by the Innovation Agency to help them maintain their income and competitiveness. The financial assistance is aimed at micro, small and medium-sized enterprises doing business in Central and Western Lithuania.","https://www.inovacijuagentura.lt/en/naujiena/regional-businesses-use-financial-aid-to-build-crisis-resilience/","Inovacijų agentūra","https://www.facebook.com/inovacijuagentura",[30],{"width":31,"height":32,"url":7,"type":33},"5511","3674","image/jpeg","summary_large_image",{"@context":36,"@graph":37},"https://schema.org",[38,53,55,65,69],{"@type":39,"@id":26,"url":26,"name":16,"isPartOf":40,"primaryImageOfPage":42,"image":44,"thumbnailUrl":7,"datePublished":45,"breadcrumb":46,"inLanguage":48,"potentialAction":49},"WebPage",{"@id":41},"https://www.inovacijuagentura.lt/en/#website",{"@id":43},"https://www.inovacijuagentura.lt/en/naujiena/regional-businesses-use-financial-aid-to-build-crisis-resilience/#primaryimage",{"@id":43},"2022-12-12T08:00:00+00:00",{"@id":47},"https://www.inovacijuagentura.lt/en/naujiena/regional-businesses-use-financial-aid-to-build-crisis-resilience/#breadcrumb","en-US",[50],{"@type":51,"target":52},"ReadAction",[26],{"@type":54,"inLanguage":48,"@id":43,"url":7,"contentUrl":7,"width":31,"height":32,"caption":12},"ImageObject",{"@type":56,"@id":47,"itemListElement":57},"BreadcrumbList",[58,63],{"@type":59,"position":60,"name":61,"item":62},"ListItem","1","Home","https://www.inovacijuagentura.lt/en/",{"@type":59,"position":64,"name":12},"2",{"@type":66,"@id":41,"url":62,"name":27,"description":13,"publisher":67,"inLanguage":48},"WebSite",{"@id":68},"https://www.inovacijuagentura.lt/en/#organization",{"@type":70,"@id":68,"name":27,"url":62,"logo":71,"image":76,"sameAs":77},"Organization",{"@type":54,"inLanguage":48,"@id":72,"url":73,"contentUrl":73,"width":74,"height":75,"caption":27},"https://www.inovacijuagentura.lt/en/#/schema/logo/image/","https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/05/ia-logo-main.svg","1886","786",{"@id":72},[28],[79,82,85],{"url":80,"text":61,"id":81},"/en/",7576,{"url":83,"text":84},"/en/news/","News",{"url":86,"text":12,"id":14},"/en/naujiena/regional-businesses-use-financial-aid-to-build-crisis-resilience/",[88],{"url":26,"code":89,"locale":89,"default":8},"en","2022-12-12","\u003Cp style=\"text-align:justify\">\u003Cspan style=\"color:black\">“First and foremost, we want to help companies, which have lost revenue, restore their solvency in the short term and regain financial stability. Companies will have access to expert advice: plans that will help them optimise their operating costs and thus restore their solvency. If a company’s managers keep thinking that they need the advice and insights of an external business consultant, financial risk management or other expert to improve the company’s performance and solvency, or to optimise costs, this is a great way to part-finance this advice,” said Agnė Vaitkūnienė, Director of the Investment Management Department of the Innovation Agency.\u003C/span>\u003C/p>\n\u003Cp style=\"text-align:justify\">\u003Cspan style=\"color:black\">She said that future project promoters would be able to purchase consultancy services to optimise operational costs such as direct costs of products sold, wages, maintenance of raw materials and equipment, and administrative costs. The measure is very simple and the project implementation plan (PIP) can easily be drawn up and managed by the enterprise itself. Reporting is also straightforward, requiring only the output, i.e. a report drawn up by a business consultant or expert, the conclusion of which includes measures and ways of improving the company's performance (anti-crisis performance management plan, cost optimisation plan, etc.). \u003C/span> \u003C/p>\n\u003Cp style=\"text-align:justify\">\u003Cspan style=\"color:black\">The companies will have 12 months to implement the projects in Central and Western Lithuania. This region covers the whole of Lithuania, except Vilnius County. The maximum amount of funding per project is \u003C/span>\u003Cspan style=\"color:black\">€\u003C/span>\u003Cspan style=\"color:black\">10,000 for the purchase of anti-crisis performance management services and \u003C/span>\u003Cspan style=\"color:black\">€\u003C/span>\u003Cspan style=\"color:black\">5,000 for the purchase of performance cost optimisation services. The total amount available for the implementation of the companies' projects is \u003C/span>\u003Cspan style=\"color:black\">€\u003C/span>\u003Cspan style=\"color:black\">2.5 million. \u003C/span>\u003C/p>\n\u003Cp style=\"text-align:justify\">\u003Cspan style=\"color:black\">Companies that have been in business for at least three years are eligible for funding. Revenue from own production or services is taken into account in assessing the drop in revenue, while revenue from resale is not taken into account.   \u003C/span>\u003C/p>\n\u003Cp style=\"text-align:justify\">\u003Cspan style=\"color:black\">“We look at a number of financial indicators when assessing applications.  To qualify for funding, companies must have annual revenues of more than \u003C/span>\u003Cspan style=\"color:black\">€\u003C/span>\u003Cspan style=\"color:black\">200,000 in 2019 and more than half of their annual revenues must be generated from their own production. We also look at how much the revenues in 2020 and 2021 have fallen compared to 2019. The greater the drop, the higher the competition score. We encourage businesses that have lost income to contact the experts at the Innovation Agency, seek advice, apply and restore their financial stability”, explained Ms Vaitkūnienė. \u003C/span>\u003C/p>\n\u003Cp style=\"text-align:justify\">\u003Cspan style=\"color:black\">The full terms and conditions of the call are available on the Innovation Agency's  \u003C/span>\u003Ca style=\"color:#0563c1; text-decoration:underline\" href=\"https://kc.inovacijuagentura.lt/kcis/finansines-priemones/finansavimo-priemones/labai-mazu-mazu-ir-vidutiniu-imoniu-atsigavimas.html\">website.\u003C/a>\u003Cspan style=\"color:black\"> The deadline for project applications is 20 February 2023. \u003C/span>\u003C/p>\n\u003Cp style=\"text-align:justify\">\u003Cspan style=\"background-color:white\">\u003Cspan style=\"color:#282338\">For those interested in accessing funding under this instrument, the Innovation Agency is organising a special online training on 15 December. Prior \u003C/span>\u003C/span>\u003Ca style=\"color:#0563c1; text-decoration:underline\" href=\"https://kc.inovacijuagentura.lt/events-ext/view/1080\">\u003Cspan style=\"background-color:white\">registration\u003C/span>\u003C/a>\u003Cspan style=\"color:black\">  is required.\u003C/span>\u003C/p>\n\u003Cp style=\"text-align:justify\">\u003Cspan style=\"color:black\">To strengthen the Lithuanian economy, the Ministry of the Economy and Innovation plans to implement measures totalling almost \u003C/span>\u003Cspan style=\"color:black\">€\u003C/span>\u003Cspan style=\"color:black\">1 billion by the end of 2023. Of this, \u003C/span>\u003Cspan style=\"color:black\">€\u003C/span>\u003Cspan style=\"color:black\">365 million are earmarked for business, innovation and investment. \u003C/span>\u003C/p>\n",[93,102,111,125],{"image":94,"title":97,"url":98,"id":99,"text":100,"temos":101},{"src":95,"is_svg":8,"ratio":96,"alt":97,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/05/kosmoso-memorandumas-su-polsa.jpg",0.6669921875,"Lithuania Strengthens Cooperation with Poland and the United States in the Space Sector: Important Memorandums Signed","/en/naujiena/lithuania-strengthens-cooperation-with-poland-and-the-united-states-in-the-space-sector-important-memorandums-signed/",6748,"Lithuania’s space sector continues to strengthen international partnerships and expand cooperation with key players in the global space industry. Innovation Agency Lithuania has recently signed two significant memorandums of understanding – with the Polish Space Agency (POLSA) and the U.S. space infrastructure company Vast. These agreements open new opportunities for Lithuanian businesses, research institutions, and international projects.",[],{"image":103,"title":106,"url":107,"id":108,"text":109,"temos":110},{"src":104,"is_svg":8,"ratio":105,"alt":106,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/03/shutterstock-2539768243-1.jpg",0.7490234375,"Lithuania Ranks First in Europe in the Global Entrepreneurship Index","/en/naujiena/lithuania-ranks-first-in-europe-in-the-global-entrepreneurship-index/",6892,"The latest Global Entrepreneurship Monitor (GEM) 2025/2026 global report shows that Lithuania is the leading country in Europe in terms of the quality of its entrepreneurial environment and ranks among the world’s strongest economies in this field.",[],{"image":112,"title":114,"url":115,"id":116,"text":117,"temos":118},{"src":113,"is_svg":8,"ratio":96,"alt":114,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2026/01/karolina-urbonaite.jpg","Lithuania’s Startup Ecosystem Surpasses €16.4 Billion in Value: Investments Jump 1.7x in 2025","/en/naujiena/lithuanias-startup-ecosystem-surpasses-e16-4-billion-in-value-investments-jump-1-7x-in-2025/",6999,"The total value of Lithuania’s startup ecosystem reached €16.4 billion in 2025, according to the latest Dealroom report initiated by Startup Lithuania, a division of the Innovation Agency. In just one year, Lithuanian startups attracted €220 million in venture capital investments from 77 unique investors. The ecosystem’s growing maturity was further confirmed earlier this year with the addition of a new unicorn to Lithuania’s startup map — Cast AI.",[119,122],{"id":120,"name":121},577,"Growth",{"id":123,"name":124},579,"Innovation",{"image":126,"title":128,"url":129,"id":130,"text":131,"temos":132},{"src":127,"is_svg":8,"ratio":96,"alt":128,"caption":13},"https://web-prod.inovacijuagentura.lt/wp-content/uploads/2025/12/modix-fgf-3d-spausdintuvas-2.jpg","Mission-Driven Innovations: Science and Business Shaping Lithuania’s Future","/en/naujiena/mission-driven-innovations-science-and-business-shaping-lithuanias-future/",6904,"Some important scientific research activities and innovative business-developed products may sound complex – unsurprisingly, as they are developed by people who dedicate their entire lives to these fields. Yet behind these sophisticated terms lie concrete solutions that will eventually make each of our daily lives easier. Where science and business join forces, more accurate disease diagnostics for the health of us and our loved ones are developed, cybersecurity tools are created to protect the country, and climate-neutral production technologies and materials emerge to help preserve our nature and resources.",[],[],[],1780325204811]