ILTE Fund of funds "Innovation Promotion Fund"

The aim of the Innovation Promotion Fund is to promote research, experimental development, innovation activities and to create long-term preconditions for ensuring promotional funding in these areas. 

The fund provides financing for companies that create added value, increase labor productivity, grow the number and variety of innovative products, their sale and export. 

Most of the funds are intended to be allocated to investments for modernization of business processes, automation of production processes and the introduction of digitization technologies as well as technologies that stimulate the production of sustainable products. 

The project is allocated EUR 20 million from the Recovery and Resilience Fund. Implementation period: 2022-2029.