Linas Sabaliauskas, attorney-at-law and partner of TRINITI, a Baltic alliance of law firms, writes that in the near future venture capital markets in the Baltic States are going to expand even more rapidly, providing new opportunities and opening new possibilities to the players of the private equity and venture capital markets.
Venture capital has become more and more relevant and its importance tends to grow in the Baltic States. One of the main reasons which stimulates venture capital growth is the support of the governments of the Baltic States and the European Union.
There is no doubt that venture capital is beneficial for the local economy because of its stimulation of the development of IT, biotechnology, clean tech companies, creation of new job positions as well as new sources of tax revenues for the state. For this reason European Union and member states support and finance the establishment of the venture capital funds.
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