UAB ILTE — Investments for the Lithuanian Economy (formerly INVEGA)

Funds Lithuanian strategic sectors through investments in innovation and enterprise competitiveness across manufacturing and technology.

UAB ILTE, formerly INVEGA, is Lithuania's national development bank and the country's 100% state-owned promotional institution under the Ministry of Finance. The rebrand landed in 2024, but the legacy INVEGA name still appears in some fund names and corporate entities.

Its core instruments are loans, guarantees, and venture capital co-investments, with a small layer of grant-like support such as loan write-offs and fee compensation. The institution works directly, through ILTE Group subsidiaries, and through financial intermediaries, and its capital base is substantial at EUR 515,438,066. The thematic focus is high-value-added projects in innovation, sustainability, energy efficiency, agriculture transformation, defense, and infrastructure.

ILTE is better read as a development finance platform than as a grantmaker. The named routes in the record include Loans START, Loans Perspective, and Promotion of Securities Listing on the Stock Exchange, with EU co-funding woven through many products via structural funds and the Recovery and Resilience Facility. That makes it relevant for businesses that can service finance and want patient capital, guarantees, or equity support rather than an ordinary grant competition.