EU Projects

UAB “Videoprojektai LT” is implementing a project partially financed by the European Union

UAB “Videoprojektai LT” is currently implementing a European Union-funded project titled “Development of Creative Infrastructure of UAB ‘Videoprojektai LT’” No. 13.1.1-LVPA-K-309-01-0027 (hereinafter – the Project).
Since its establishment in 2015, the company has been providing virtual event production services, creating video projections and visual graphics.

In order to address the issue related to the production of single-use decorations and the lack of necessary equipment required to provide and sell high-quality AR (augmented reality) content creation services, UAB “Videoprojektai LT” is initiating the Project.
During the Project, the company plans to acquire new-generation 4K resolution laser projectors and a multifunctional processor, which will not only expand the range of services provided but also significantly reduce the amount of waste generated from the disposal of physical decorations. In addition, the use of energy-efficient technology will help reduce energy consumption and create opportunities to develop both new and recurring products that are more sustainable and environmentally friendly.
Through the use of digital technologies, the company will be able to provide high-quality services and contribute to a sustainable circular economy and digitalization.

This Project is partially financed by the European Regional Development Fund under the 2014–2020 European Union Funds Investment Operational Programme, Priority 13 “Promoting actions to overcome the crisis caused by the COVID-19 pandemic and preparing for an environmentally friendly, digital, and sustainable economic recovery”, Measure No. 13.1.1-LVPA-K-309 “Incentives to improve the infrastructure of cultural and creative industries companies”.
The total value of the Project amounts to EUR 201,189.00, of which EUR 119,400.00 is a European Union grant and EUR 81,789.00 is the company’s own contribution.
Project implementation began on August 1, 2022, and will be completed on August 31, 2023.