JSC Danspin produces yarn which is successfully exported to carpet manufacturers in Britain, the U.S., and China. The yarn, teaselled and spinned in Lithuania, is used to weave carpets for homes, offices, hotels, cruise ships, airplanes, and so on. ProBaltic Consulting has assisted in development of an investment project and, thus, to successfully attract EUR 11 million of foreign investment in the company's production and human resource development in Lithuania. Consultants of ProBaltic Consulting have provided professional help in all phases of the project, starting from idea generation to implementation.
During seven years of our cooperation with ProBaltic Consulting, we have been constantly informed of funding opportunities available to us. The company was successfully expanded into foreign markets thanks to seven successful projects developed in collaboration with ProBaltic, with a value over EUR 15 million. ProBaltic team has quickly and effectively solved all the project financing related issues.
EU support will be allocated to foreign investors, carrying out R&D activities, creating or expanding infrastructure of the company in this field, implementing innovations.
More possibilities for access to finance have projects, which during their implementation and three years after the completion are planning to attract more private investment in R&D and innovation in the smart specialization areas.
Max. amount of support - EUR 6 500 000
Supported activities - creation of non-technological innovation and (or) implementation in production processes and (or) services through adoption of the product process or service standards, while supporting introduction of innovative management methods and management systems .