Every day, news of ideas, new innovations and discoveries from the scientific world reaches researchers from different fields of biosciences. The development of such projects takes much longer than one night and requires long and consistent work and effort. After some time and success, scientists starts thinking about creating a business or transferring the technology, but usually does not know where to start and who to turn to first. In many cases, the business process starts with the creation of a genious idea and a business plan.
On this page you will find relevant information related to the creation, development and financing opportunities of a start–up in the biosciences sector. We encourage you to pay attention not only to fixed but also changing financing measures and international projects. All of the relevant information on thisi page is constantly updated.
How to realize the idea before launching the product to the market, we summarized it in the following diagram:
Research and innovation may be financed by the following measures:
| Measure | Purpose | Project duration | Amount of funding | Intensity of funding | Application deadline |
|---|---|---|---|---|---|
| Inostart | Creation and development of innovative enterprises | Start-up projects up to 12 months Recruitment projects for researchers up to 24 months Innovative business development projects up to 18 months | Development of the idea ~ 30-34k EUR. Recruitment of researchers/scientists ~ 51k EUR. Product development ~ 44-52k EUR. | See invitation description | 2023-03-31 |
| Inocheck | Business and Science Cooperation | 12-24 months | Up to 76k EUR. | 25-70% | There are currently no published invitations |
| Eurostars 2 | Support for small and medium-sized enterprises | See invitation description | Up to 300k EUR. | 40-100% | An invitation is planned |
| EIT health | Promoting innovation in the health sector | See invitation description | See invitation description | See invitation description | Annual call |
| Norway Grants | Promoting the small and medium-sized enterprises | Small projects 18 months Major projects 36 months | Small projects: from 10k EUR, up to 200k EUR. Major projects: from 200k EUR, up to EUR 1 million | 25-80% or 35-50% by activity | See invitation description |
| Europe Horizon 2030 | See invitation description | See invitation description | See invitation description | See invitation description | See invitation description |
| IMI | Support for new health technology innovations | See invitation description | See invitation description | See invitation description | See invitation description |
You can find more information about business creation and development in Lithuania: MITA, Versli Lietuva, Investuok Lietuvoje, Startup Lithuania, Inovacijų agentūra