UAB Velocity Mobile secured €836K under the Eksperimentas LT instrument with ProBaltic Consulting — one of Lithuania’s largest recent experimental development grants — to develop and test next-generation mobility technology.
| Client | UAB Velocity Mobile |
|---|---|
| Field | R&D, mobility technology |
| Instrument | Eksperimentas LT |
| Grant amount | €836,015 |
| Services provided | R&D application drafting, budget model, project administration |
Challenge
Large-scale experimental development is the most expensive phase of product creation: prototypes, testing, iteration. The company needed substantial non-dilutive funding while preserving its ownership structure.
Solution
ProBaltic Consulting prepared the R&D application: technological novelty, TRL trajectory and an experimental development cost model that held up under competitive evaluation.
Results
- €836K non-dilutive R&D grant;
- A full experimental development cycle funded;
- Next-generation mobility technology developed and validated.
Planning a similar project?
ProBaltic Consulting has prepared projects worth more than €250 million since 2007, securing over €90 million in non-dilutive grants. Learn about our services or contact us for a free eligibility assessment.