EU investment projects

Ikarai, UAB implements a project partially funded by the European Union

Ikarai, UAB is currently implementing the project “Development of export markets of Ikarai, UAB by participating in exhibitions and certifying production” financed jointly with the European Union, no. 02-036-K-0023 (hereinafter—the Project). Since 2016, the operating company has been an international-class modern manufacturer of liquid fertilizers, demonstrating a strong track record in the industry. Ikar technologies are effective liquid fertilizers unique in their formula, with one of the best agronomists’ teams and professional technological solutions.

In order to fully utilize its potential and introduce new products to foreign markets, Ikarai, UAB initiates a project during which it plans to promote the company’s internationalization and expansion into foreign markets by participating in international exhibitions and certifying and registering the company’s products – liquid fertilizers. The products developed by Ikarai, UAB the registration and certification of which is provided for in this Project, must meet international requirements, be certified, registered, and obtain permission to be introduced to the market and exported to foreign countries. Therefore, in order to gain a foothold in the Asia-Pacific market and ensure the expected export income, product registration, and certification are mandatory to provide the export and sales of these products in the mentioned markets. In addition, during the Project, it is planned to participate in 8 international exhibitions, presenting the innovative and high-quality products produced by the applicant not only on the Asian and Pacific Ocean but also on the European market. After obtaining the necessary certificates and registrations and participating in international exhibitions while presenting the products produced to foreign markets, the company will diversify export markets, expand trade volumes, and reduce the risks arising from the implementation of export development plans on an international scale.

It is financed according to the activity “Implementing measures promoting the growth of export competitiveness” of the progress measure of the economic transformation and competitiveness development program of the Ministry of Economy and Innovation of the Republic of Lithuania, the manager of the 2022-2030 development program, the activity “Promoting the activities of the internationalization of SME activities and the identification of new export markets (Central and Western Lithuania region) ” description and the rules of project administration and financing set out the conditions and procedure.

The total value of the project is EUR 113,273.00.

It is financed with the funds of the 2021-2027 EU funds investment program – EUR 56,270.00.

The applicant’s funds – EUR 57,003.00.

The project is implemented from 2023. November 22 until 2026 December 16.

Ikarai, UAB is implementing a project partially funded by the European Union

Ikarai, UAB is currently implementing the European Union funded project “Implementation of E-commerce Solutions for More Efficient Business Process Management” No. 13.1.1-LVPA-K-861-01-1051 (hereinafter referred to as the Project). Ikarai, UAB is an international-class modern manufacturer of liquid fertilisers. Ikar technologies are efficient and unique liquid fertilisers, one of the best agronomist teams, and professional technological solutions. In response to the COVID-19 pandemic and planning for the company’s expansion, it was decided to initiate a digital transformation of the company, develop an e-shop, and implement integrations with existing e-solutions. It should be noted that before starting the project, the company had very limited e-solutions, and most processes were managed manually. Installing a new e-shop with integrated solutions will save up to 40% costs and time spent by the company on non-automated work, speeding up normal business processes and achieving higher productivity.

The project’s total value is 57,200.00 Euros, of which 42,900.00 Euros is a European Union grant and 14,300.00 Euros is the company’s contribution. Project activities started on the 17th of February 2022 and will be completed on the 16th of February 2023.

Ikarai, UAB is implementing a project partially funded by the European Union

Ikarai, UAB is currently implementing the European Union funded project “Investment in creating and applying a company’s design and marketing innovation” No. 13.1.1-LVPA-K-861-01-0276 (hereinafter referred to as the Project). Ikarai, UAB is an international-class modern manufacturer of liquid fertilisers.

Currently, Ikarai, UAB, produces products based on Ikar fertiliser production technology. One of the essential tasks of Ikarai, UAB in both the short and long term, is to respond to the rapidly developing fertiliser production market trends. To enter the new sales markets, Ikarai, UAB initiated the project “Investments in the Creation and Implementation of Design and Marketing Innovations in the Company”, during which the company plans to create a new, unique 10-litre liquid fertiliser package. The uniqueness of this packaging will allow the company to reach new markets and increase the range of Ikar products by 30-35%.

This Project is co-financed by the European Regional Development Fund under the Priority 13 of the European Union Funds Investment Operational Program 2014-2020 “Promoting and Preparing for a Crisis Caused by the COVID-19 Pandemic for Green, Digital and Sustainable Economic Recovery” No. 13.1.1-LVPA-K-861 measure “Creative Checks COVID-19”. The project’s total value is 49,570.00 Euros, of which 37,177.50 Euros is a European Union grant and 12,392.50 Euros is the company’s own contribution. Project activities started on the 5th of January 2022 and will be completed on the 31st of December 2022.

Ikarai, UAB is implementing a project partially funded by the European Union

Ikarai, UAB is currently implementing the European Union-funded project “Investments in the Production of Measures Necessary to Combat COVID-19” No. 03.3.1-LVPA-T-859-01-0045 (hereinafter referred to as the Project). Ikarai, UAB is an international-class modern manufacturer of liquid fertilisers. Currently, Ikarai, UAB, produces products based on Ikar fertiliser production technology. To modernise the production base, promote innovations in production, increase labour productivity and efficiency product quality, meet the needs of business partners and the market and contribute to the production of products to combat COVID-19, Ikar UAB initiated the project “Investments to Production of Necessary Tools to combat COVID-19”, during which a modern and innovative technology for the production and bottling of disinfectants will be acquired and implemented in the production process, which will allow the production of disinfectants. This Project is co-financed by the European Regional Development Fund under Priority 3 of the European Union Funds Investment Operational Program 2014–2020 “Promoting the Competitiveness of Small and Medium-Sized Enterprises” No. 03.3.1-LVPA-T-859 measure “COVID-19 products LT”. The project’s total value is 131,340.00 Euros, of which 124,773.00 Euros is a European Union grant and 6,567.00 Euros is the company’s own contribution. Project activities started on the 24th of February 2021 and will be completed on the 8th of April 2021.

Ikarai, UAB is implementing a project partially funded by the European Union

Ikarai UAB is currently implementing a project financed by the European Union “Investments in enhancing the internationalisation of the company by exporting certified products” No 03.2.1-LVPA-K-802-04-0021 (hereinafter referred to as the “Project”). The company, which has been in operation since 2016, is an internationally renowned modern manufacturer of liquid fertilisers. Ikar Technologies is a company with a team of top agronomists and professional technological solutions for the production of effective liquid fertilizers unique in their formula.

In order to fully exploit its potential and to introduce new products to foreign markets, Ikarai UAB initiates a Project to promote the company’s internationalisation and expansion into foreign markets by certifying and registering the company’s products – liquid fertilisers. The products developed by Ikarai UAB, the registration and certification of which is foreseen in this project, are characterised by their innovative character and high quality. Therefore, in order to be able to gain a foothold in the African and European markets and to secure the export earnings, the registration and certification of the products is mandatory in order to ensure the export and sale of these products in the markets concerned. By obtaining the necessary certifications and registrations, the company will diversify its export markets, expand its trade and reduce the risks arising from the implementation of its export expansion plans internationally. This Project is partly financed by the European Regional Development Fund under the Instrument “Expo Certificate LT” of the Operational Programme for the Investment of European Union Funds 2014-2020, Priority 3 “Promotion of the Competitiveness of Small and Medium-sized Enterprises”, No. 03.2.1-LVPA-K- 802. The total value of the project amounts to EUR 79 795,53 of which EUR 39 897,76 is the European Union grant and EUR 39 897,77 is the company’s own contribution. The project activities started on 19 July 2022 and will be completed on 31 August 2023.