Encouraging the Development of Innovative Products by Startups or Prototypes of Innovative Products

Project “Encouraging the Development of Innovative Products by Startups or Prototypes of Innovative Products”

Project No. 02-113-J-0001

Short description

During the project, it is planned to select at least 60 potential startups to participate in a specialized EdTech, GameTech, and ICT acceleration program and to receive an incentive (grant) to help startups develop a prototype or an innovative product in these fields.

• EdTech – the field of digital education and educational technologies and innovations.
• GameTech – the field of digital game technologies and innovations.
• ICT – the field of information and communication technologies and innovations.

Project objective

To promote the development of the startup ecosystem by providing an investment (a fixed amount) to joint project implementers, which is necessary to develop a prototype or an innovative product in the EdTech, GameTech, or ICT fields.

Project activities

Providing incentives (grants) for startups to develop a prototype or an innovative product in the EdTech, GameTech, and ICT fields.

Target groups

A startup that is operating or has the potential to operate in the GameTech, EdTech, or ICT fields, and that is registered in the Capital Region during the implementation of project activities.

Result

60 startups from the EdTech, GameTech, and ICT fields selected.

Total project budget

EUR 3,983,391.72, of which Recovery and Resilience Facility (RRF) funds – EUR 3,806,844.93, and funds from the State Budget of the Republic of Lithuania – EUR 176,546.79.

Project duration

2024/08 – 2026/03