The Klaipėda University Future Support Fund has been founded and will officially start after the completion of the registration procedure. The founders of the Fund set an ambitious goal: to make it an endowment fund in the next couple of years. Nine business entities operating in Klaipėda Region became the founders and shareholders of the Klaipėda University Future Support Fund:…
On 27 October 2020, a time capsule will be buried in the foundations of the new SMK University of Applied Social Sciences campus to mark the start of the second stage of construction for Baltic Tech Park. SMK, Baltic Tech Park and the Lighthouse Innovation Infrastructure Fund are developing a joint initiative aimed at becoming a breakthrough for Klaipėda City,…
The founders of Baltic Tech Park are implementing an ambitious vision – in August 2020, a project to construct the Baltic Maritime Digital Innovation Hub was approved. Part of the financing will come from EU funds. This year marks the start of the construction of the Baltic Maritime DIH where a 2000 sq. m area will house 3D printing, robotics,…
Today, the public authorities are actively announcing various aid packages to support businesses. While most of these measures are actually well-intentioned, they may not be sufficient to address the long-term insolvency issues. Solving liquidity problems with loans creates a higher debt burden for businesses, which will not just go away in the future. Therefore, such government measures push problems further…
One year ago, one of the largest coworking spaces with an integrated co-living space opened its doors in Klaipėda. This project is a part of the Baltic Tech Park technology valley that is being developed. At the end of January, as Light House celebrated its first birthday, the developers announced the start of the second phase of the project. LIGHT…
The Lighthouse Alternative Fund, which is managed by the investment management company Lighthouse Asset Management, has acquired the construction company Viremida and changed its name to Lighthouse Contracting. The shareholder change was registered in the Centre of Registers in July of this year, and the company’s name was changed in September. Until then, Viremida had been equally owned by Viremidos…
Lighthouse Asset Management UAB, the first investment management company to be licensed by the Central Bank of Lithuania and owned by Klaipėda residents, has announced the second event for Klaipėda investors this year: Wednesday, 20 November, 2:00 PM Are the investors in Klaipėda ready for collective investing? Large investment projects require both significant resources and various abilities. Therefore, the most attractive…
Lighthouse Asset Management, an investment management company licensed by the Central Bank of Lithuania, has established their first investment fund called the Lighthouse Alternative Fund, which will offer mezzanine financing for the development of real estate projects. The fund managers revealed that they will first focus on financing projects in the Klaipėda Region. “Currently, there is plenty of money in…
Today, we are faced with a very unique economic situation. The interest rates are reaching historic lows and the banks have record amounts of money, but the possibilities for businesses to access financing is often quite limited. Extremely low interest rates are offered for the most common investment instrument in Lithuania – deposits – while the commercial banks’ margins for…
