About Baltic Innovation Fund
The Baltic Innovation Fund (BIF) is a Fund-of-Fund initiative launched by the EIF in close co-operation with the Governments of Lithuania, Latvia and Estonia in 2012 to boost equity investments made into Baltic Small and Medium sized enterprises (SMEs) with high growth potential. BIF represents a EUR 52 million investment by EIF with each Baltic Government committing EUR 26 million through their respective national agencies (INVEGA in Lithuania, KredEx in Estonia and Altum in Latvia (previously LGA). Significant part of the resources committed by national agencies are returned resources from earlier Structural Fund financed financial instruments under JEREMIE framework, now being reused.