EIMIN Will Provide Additional Funding for Business Digitisation Projects

The Ministry of the Economy and Innovation continues to invest in building a digital Lithuania. Following a particularly strong interest from Lithuanian businesses in digital solutions for e-commerce, the Ministry has increased the planned allocation of EUR 12 million. It will allocate more than EUR 18 million in investment to all 545 projects that have been positively evaluated.

“We are strengthening the market of e-commerce and services, which is why we launched a EUR 12 million call for business last year. The number of received applications shows that businesses are very interested in this measure. We looked for opportunities to fund all the projects that were positively evaluated, thus, we allocated an additional amount of EUR 6.43 million. These investments are paying off, as businesses that are turning to cyberspace and digitalisation become stronger, more innovative and more resilient to challenges,” says Aušrinė Armonaitė, the Minister of the Economy and Innovation.

The selection of projects was carried out by the Innovation Agency. The projects will be implemented by 254 micro enterprises, 231 small enterprises and 60 medium-sized enterprises.

“The funding will enable more than half a thousand businesses to deploy digital solutions for e-commerce transactions, configuration and visualisation of services and products. This will make it easier to trade online both nationally and internationally and will increase the visibility of businesses,” says Iveta Paludnevičiūtė, the Chancellor of the Ministry of the Economy and Innovation.

“The Digitalisation of SMEs call is extremely popular and needed for Lithuanian SMEs. As many as 90% of the successful applicants did not have an e-shop, the funding will encourage businesses to start online trading, thus, contributing to the growth of their sales revenue. As 89% of the successful companies are micro and small enterprises, the financial incentive to move to a higher level of digitalisation is really relevant for them”, says Sigita Skrebė, the Head of the Business Productivity Unit at the Innovation Agency.

The largest number of projects will be implemented in Kaunas County, i.e. 215. 170 projects will be funded in Vilnius County, 56 in Klaipėda, 28 in Šiauliai, 20 in Panevėžys, 15 in Alytus, 13 in Utena and 12 in Marijampolė. 8 projects will be implemented in Telšiai and Tauragė counties.

By sector of activity, the largest number of projects are in computer programming, specialised construction activities, metal and wood products, building construction, advertising and market research, and human health.

The “Digitalisation of SMEs” measure is implemented under the Programme for the European Union Funds’ Investments 2021-2027.