Accelerator 2 Program Lithuania 2026
The Accelerator 2 program, financed through Lithuania's Innovation Promotion Fund, provides €20 million in venture capital and grants to innovative startups, with specialized acceleration programs offering comprehensive support including grants, consulting, and training services.
Program Overview
Founded in 2020 at the initiative of the Ministry of the Economy and Innovation, the Ministry of Finance, and INVEGA, the Innovation Promotion Fund is financed from the State budget and the Recovery and Resilience Facility.
Total Fund: €20 million for venture capital instrument
Track Record: 24 startups invested since launch with ~€2.83 million deployed (average ~€120K per startup)
Funding Structure
Accelerator 2 Venture Capital: Investment amounts vary, averaging €120,000 per startup based on historical data
Specialized Acceleration Programs: Approximately €60,000 per startup in grants
Additional Support: Consulting, training, and other professional services included
Focus Sectors
Specialized acceleration programs launched in 2024 focus on three key areas:
• ICT (Information and Communications Technology) - Software, SaaS, platforms
• EdTech (Educational Technology) - Learning platforms, educational software
• GameTech (Gaming Technology) - Game development, gaming platforms
At least 60 startups receive direct support through these specialized programs
Eligibility Requirements
• Stage: Early-stage startups needing funding for business start and product development
• Innovation: Must demonstrate innovative products or services
• Registration: Must be registered and operating in Lithuania
• Sector Alignment: Priority for ICT, EdTech, and GameTech (though other innovative sectors considered)
• Growth Potential: Must demonstrate scalability and market opportunity
What You Receive
Financial Support:
• Grants: ~€60,000 for specialized acceleration programs
• Venture Capital: ~€120,000 average investment (varies by startup)
Non-Financial Support:
• Consulting services for business development
• Training programs for founders and teams
• Mentorship and advisory support
• Network access to investors and partners
How to Apply
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Visit Startup Lithuania: www.startuplithuania.com
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Check INVEGA for current funding opportunities: www.invega.lt
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Prepare pitch deck, business plan, and financial projections
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Submit application during open application periods
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Participate in evaluation and selection process
Contact Information
INVEGA (Program Administrator)
Website: www.invega.lt
Startup Lithuania
Website: www.startuplithuania.com
Ministry of Economy and Innovation
Website: eimin.lrv.lt
Last updated: February 23, 2026
Common Questions
The Accelerator 2 Program Lithuania 2026 provides startups with a comprehensive acceleration package that typically includes mentorship from experienced entrepreneurs and industry experts, access to co-working space and infrastructure, connections to potential investors and corporate partners, business development workshops covering topics from product strategy to fundraising, and potential co-financing or grant funding for product development. The program runs in structured cohorts over several months, culminating in demo day events where participants present to investors. Participation helps startups validate their business models, refine their products, and build the networks necessary for successful growth.
Startups apply during announced call periods through the program's online portal by submitting their business concept, team profiles, current development stage, and growth plans. Selection criteria typically include the innovation level of the product or service, market scalability potential, founding team quality and commitment, and alignment with program focus areas. Applications demonstrating initial market traction such as early customers, a working prototype, or letters of intent from potential partners score highest. Both local and international founders may be eligible, though some programs require incorporation in the host country. The selection process usually involves written evaluation followed by pitch presentations.
The programme targets pre-seed and seed ventures with viable minimum products and preliminary market traction. Committees evaluate team composition, technological differentiation, addressable market size, and scalability potential. International founders residing in Lithuania receive equal consideration, and the programme accommodates applications across enterprise software, biotechnology, and hardware verticals.
Participants receive financial support alongside mentorship from experienced entrepreneurs and venture capital professionals. The programme provides co-working facilities, prototyping workshops, and cloud computing credits. Regular pitch rehearsal sessions prepare founders for investor engagement culminating in showcase events attended by Baltic and Nordic fund managers seeking portfolio expansion opportunities.
References
- €1B for Lithuanian Economy: €20M for Innovative Startups. Startup Lithuania (2024). View source
- Baltic Innovation Fund - ILTE. ILTE (2025). View source
- Startup Lithuania Accelerator Powered by Plug and Play. Startup Lithuania (2025). View source
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