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EU projects

Monimoto certifies quality companies products

UAB “Monimoto” in order to create a positive image as a quality and international manufacturer of relevant products, which allows it to strengthen its position in existing export markets and enter new export markets from 2019 September implements the project “Certification of “Monimoto” products” (No. 03.2.1-LVPA-K-802-03-0008) according to 2014–2020 data. European Union funds Priority 3 of the investment operating program “Promotion of Small and Medium Business’ competitiveness ” executive measure No. 03.2.1-LVPA-K-802 “EXPO LT Certificate”, funded by the European Regional Development Fund.

The main goal of the said project is the certification of companies produced and planned to export products. During the project, the products manufactured by the company will be certified in order to maintain and strengthen positions in current export markets, enter new markets with high quality products.

The project is expected to maintain a competitive advantage by delivering quality products to export markets, the sales of which will significantly contribute to the increase of export revenues.

The company will receive support of up to 35.760,00 euros to implement this solution and invests up to 35.760,00 euros in the company’s own funds.

Development of intelligent movable property tracker

UAB “Monimoto” signed an agreement with the Lithuanian Business Support Agency for the project “A new generation of search engine for movable property, operating in the 5G network and using development of alternative positioning technologies” in July 2020. Project activities
launched in June 2020 prior to the signing of the project financing agreement.

Within the framework of the project, UAB Monimoto strives to create innovative intellectual protection for movable property. A system that is extremely reliable, easy to use and saves space. For this purpose research and development work will be carried out to achieve research, product mockup and prototyping, its laboratory and field testing, and production of trial batches.

The project is funded within 2014-2020. European Union funds investment shares Priority 1 of the Program “Promotion of Research, Experimental Development and Innovation” executive measure No. 01.2.1-LVPA-K-856 “Experiment”.

Project title: “Next generation movable property search system operating in the 5G network and
using alternative positioning technologies ”.

The executor of the project is Monimoto UAB.

The total project cost is 618 325.68 euros.

Financing of the project – 302,547.80 euros.

Start of the project on 2020-06-01.

Completion of the project – 2022-07-15.

The project is funded by the European Regional Development Fund.