Inovaciju Agentura Vsi

What Inovaciju Agentura Vsi does

Inovacijų agentūra (Lithuanian Innovation Agency) is a public institution (Viešoji įstaiga) operating under Lithuania's Ministry of Economy and Innovation. It functions as a national business growth platform that supports Lithuanian enterprises across the full lifecycle — from initial ideation through scaling and international expansion. Services are delivered free of charge and include innovation consulting, export advisory, training programs, business missions, funding facilitation, and partner-matching. The agency serves startups, SMEs, large industrial companies, and researchers, with over 25,000 business representatives using its services annually.

Its core portfolio is organized as a set of branded programs and digital platforms rather than proprietary technology products. Key offerings include ExportLAB (international market research), Rinkų informacijos centras (market intelligence and partner search), InoMokymai (SME training), InnoHUB Lithuania (Silicon Valley market access program), StartUp Visa, Verslo diagnostika (business diagnostic tool), Verslo e-gidas (entrepreneurship platform), B2Lithuania (exporter matching), Startup Lithuania, GovTech Lab, Miltech Sandbox (defense tech testing), SpaceHub LT, and the ESA BIC Lietuva business incubator. The LitAI AI factory (130 million EUR) and Data Pilot 2.0 (real-world health data) represent its most recent infrastructure-scale initiatives, positioned as Baltic-region-defining AI and data assets.

The agency's business model is non-commercial: it is funded by Lithuanian state budget allocations and European Union structural and recovery funds, and does not generate commercial revenue from its service delivery. Pricing for all services to businesses is zero. Strategic significance is instead measured by the volume of public funding it administers — including 88+ million EUR across mission-based science and innovation programs, 62.81 million EUR allocated to four industrial projects in the Kaunas region, and the 130 million EUR LitAI infrastructure project co-financed with EuroHPC. Its GTM is sales-led through direct consulting, training, events, and an international network of Lithuanian commercial attachés abroad.

Name

Inovaciju Agentura Vsi

Legal name

Viešoji įstaiga Inovacijų agentūra

Website

https://www.inovacijuagentura.lt

Company type

Private

Operating status

Operating

Short description

Inovacijų agentūra is a Lithuanian public institution under the Ministry of Economy and Innovation that delivers free innovation consulting, funding facilitation, export support, and training to over 25,000 Lithuanian startups, SMEs, large enterprises, and researchers annually, funded by state and EU sources.

Ownership category

akta.pro rank

Product category

Government Innovation Services

NAICS

Management, Scientific, and Technical Consulting Services (5416), Professional, Scientific, and Technical Services (54)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Education Systems & Skills Technical Assistance (BPADAEAI)

akta.pro secondary industries

Trade, Export Controls & Customs Compliance (BPAHAFAN), Development Cooperation & Foreign Aid Administration (BPAIAIAG)

Keywords

• Innovation consulting
• Export assistance
• Business funding programs
• Startup incubation
• Innovation ecosystem

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Public Institution - No Commercial Revenue: Inovacijų agentūra is a public institution (Viešoji įstaiga) funded by the Lithuanian government and European Union. The agency provides free services to businesses including consulting, training, funding facilitation, and networking. The agency does not generate commercial revenue from its services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Inovacijų agentūra is a Lithuanian public institution that operates as a one-stop business growth platform, providing free consulting on innovation and exports, facilitating access to EU and state funding programs, organizing training and business missions, and connecting Lithuanian startups, SMEs, researchers, and large enterprises with partners domestically and abroad. It also administers specialized incubators (e.g., ESA BIC Lithuania) and platforms covering sectors such as life sciences, GovTech, space technologies, industry, defense, and exports.

Product overview

Inovacijų agentūra (Lithuanian Innovation Agency) is a public institution serving as a comprehensive business growth platform. The organization offers a diverse portfolio of interconnected services structured around five core areas: innovation support, financing search, contact/partner search, product/service export, and business requirements assessment. The platform operates through multiple branded initiatives including ExportLAB, Rinkų informacijos centras (RIC), InoMokymai, and InnoHUB Lithuania in Silicon Valley for international market access. Specialized thematic platforms address specific sectors: Startup Lithuania for the startup ecosystem, GovTech for public sector innovation, Miltech Sandbox for defense technologies, SpaceHub LT for space sector development, and Mentoriai for mentorship matching. The agency also manages funding programs including the Finansavimo priemonių vedlys tool, and provides diagnostics through Verslo diagnostika and Verslo e-gidas platforms. Recent strategic initiatives include LitAI, a national AI factory infrastructure project, and Data Pilot 2.0 for health data applications. The organization serves as the central coordinator for Lithuania's innovation policy implementation, supporting over 25,000 business representatives annually.

Differentiator

Problem solved

Functional benefit

Brands

• Startup Lithuania: Platform for Lithuania's startup ecosystem providing news, startup database, and ecosystem information
• InnoHUB Lithuania
• ExportLAB
• SpaceHub LT
• Miltech Sandbox
• Rinkų informacijos centras (RIC)
• Verslo diagnostika
• B2Lithuania
• GovTech Lab
• Socialinis verslas

Products and services

• ExportLAB International market research program for high-tech and mid-tech companies that helps them prepare export strategies for foreign markets.
• Rinkų informacijos centras (RIC) Data-driven international expansion platform for high-tech and mid-tech businesses providing market intelligence and contact/partner search services.
• InoMokymai Training program for very small, small, and medium-sized enterprises seeking to grow strategically and strengthen leadership competencies.
• InnoHUB Lithuania Silicio slėnyje (InnoHUB Lithuania in Silicon Valley) Agency project implemented in Silicon Valley that helps innovative Lithuanian businesses access US market networks, investors, and the technology ecosystem.
• Startuolių vertinimas (Startup Evaluation) Service for state aid-administering institutions requiring Inovacijų agentūra's startup evaluation, or for economic entities needing startup status assessment.
• StartUp Visa Program for innovative startups from third countries that allows promising founders to obtain a national visa for starting a business in Lithuania.
• Kontaktų paieškos paslauga „Orbis" (Contact Search Service „Orbis") Contact and partner search service for businesses seeking to expand internationally and find potential business partners abroad.
• Finansavimo priemonių vedlys (Funding Instruments Guide) Tool that consolidates all available Lithuanian and EU funding opportunities in one place to help businesses quickly find suitable financing.
• Verslo diagnostika (Business Diagnostics) Diagnostic tool for SMEs providing a quick assessment of business performance and identification of areas for improvement.
• Verslo e-gidas (Business e-Guide) Online guide and resource platform for those planning to start a business, recently established businesses, or those wanting to improve entrepreneurial skills.
• B2Lithuania Platform for Lithuanian exporters seeking foreign partners, providing tools to present themselves and connect with international business contacts.
• Startup Lithuania Comprehensive platform for the Lithuanian startup ecosystem containing news, startup database, event information, funding opportunities, and ecosystem resources.
• GovTech Lab Government technology platform fostering public-sector innovation by connecting government needs with technology solution providers.
• Miltech Sandbox Platform supporting defense and security technology innovation, providing a testing environment for dual-use defense technologies.
• SpaceHub LT Initiative responsible for space ecosystem development, competitiveness enhancement, and space policy implementation in Lithuania.
• ESA BIC Lietuva European Space Agency business incubator in Lithuania that helps grow promising national space startups, providing mentorship and resources.
• Bendradarbystės centrai „Spiečius" (Spiečius Co-working Centers) Network of co-working centers across Lithuania providing shared workspace and support services for entrepreneurs and startups.
• Mentoriai (Mentors Platform) Platform connecting entrepreneurs with business mentors, providing personalized guidance for those planning to start or recently establishing a business.
• LitAI (Dirbtinio intelekto gamykla / AI Factory) National AI factory — the sole AI infrastructure of this scale in the Baltic states, dedicated to developing and applying advanced AI solutions in business, science, and the public sector.
• Data Pilot 2.0 Initiative using real-world health data to build evidence that matters for healthcare innovation and decision-making.

Quantifiable outcome

• Over 25,000 business representatives served annually
• +2 more outcomes

Named customers1 record

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• NASA (Artemis Accords)coreStrategic or Co-development Partner · 15 May 2024Lithuania signed the Artemis Accords coordinated by NASA, establishing cooperation in safe and sustainable space exploration. Lithuania became the 40th country to sign, committing to responsible space activities.
• European Space Agency (ESA) - ESA BIC LietuvacoreStrategic or Co-development PartnerPartnership with European Space Agency to operate ESA Business Incubator in Lithuania, supporting the growth of space technology startups in the country.
• VILNIUS TECHcoreStrategic or Co-development PartnerCollaboration with VILNIUS TECH university on explosion-resistant materials research as part of the 'Smart and Climate Neutral Lithuania' mission. Scientists conduct advanced testing in university laboratories.
• Ekonomikos ir inovacijų ministerija (Ministry of Economy and Innovation)coreStrategic or Co-development PartnerClose cooperation with the Ministry of Economy and Innovation on industrial investments, innovation policy implementation, and EU-funded programs.
• InnoHUB Lithuania - Silicon Valley ProgramcoreStrategic or Co-development PartnerAgency project implemented in Silicon Valley helping Lithuanian innovative businesses access US market, investors, and technology ecosystem.
• Kauno technologijos universitetas (KTU)minorStrategic or Co-development PartnerPartnership with Kaunas University of Technology for international market research programs targeting high-tech and mid-tech companies.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• CzechInvest: Czech investment and business development agency under the Ministry of Industry and Trade. Directly comparable in offering business consulting, innovation funding administration, and internationalization services to Czech companies.
• Innovation Norway: Norwegian state's instrument for innovation and development, providing funding, advisory, and networking services to Norwegian businesses. Similar national innovation agency model with comparable funding administration and ecosystem mandate.
• Business Finland: Finnish national innovation funding agency providing innovation funding, internationalization services, and investment promotion. Operates the same public-agency model of consulting, funding facilitation, and ecosystem building that Inovacijų agentūra uses in Lithuania.
• Vinnova: Sweden's innovation agency funded by the Swedish government to invest in research and innovation. Direct functional analogue with comparable mandate of funding programs, ecosystem development, and innovation policy execution.
• Austria Wirtschaftsservice (aws): Austrian federal promotional bank providing funding and consulting for Austrian businesses, especially innovative SMEs. Comparable structure as a state-owned innovation support vehicle administering public funding instruments.
• PARP (Polish Agency for Enterprise Development): Polish government agency implementing enterprise development, innovation, and EU funds distribution. Directly comparable in administering EU structural funds for SME innovation and business support, similar to Inovacijų agentūra's domestic functions.
• Enterprise Lithuania: Lithuania's national investment and business development agency operating under the Ministry of Economy and Innovation. Closely comparable mandate to Inovacijų agentūra within the same country, with overlapping business support and export promotion functions.

Regional players

• Enterprise Estonia (EAS): Estonian governmental foundation providing business support, export promotion, and innovation financing. Comparable public-agency structure serving businesses in a neighboring Baltic state with similar funding mechanisms and EU instruments.
• Latvian Investment and Development Agency (LIAA): Latvian national agency for investment, export, and innovation support under the Ministry of Economics. Regional peer operating the same public-agency model across the Baltic states with similar EU-funding-driven programs.

Broad incumbents

• British Business Bank: UK government-owned development bank supporting SME finance and innovation. While broader in financial scope than Inovacijų agentūra, it shares the public-mandate model of intermediating government-backed capital to innovative businesses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Inovaciju Agentura Vsi