What we do
The EIF in 2020
Coronavirus: The EIB Group’s initiatives to address its economic consequences
Pan-European Guarantee Fund – EGF
Institutional investors
Equity products
AI Co-Investment Facility
Climate & Infrastructure Funds
Technology Transfer
European Angels Fund (EAF) - Co-investments with Business Angels
Venture capital
The Social Impact Accelerator (SIA)
Lower mid-market
Mezzanine Facility for Growth
EFSI Equity instrument
Single EU Equity Financial Instrument
COSME - Equity Facility for Growth
InnovFin Equity
Private equity secondary market transactions
EIF-NPI Equity Platform
ESCALAR Programme
Debt products
New ESIF ERDF Guarantee Fund initiative in Greece
EFSI Private Credit Programme
AGRI Guarantee Facility
AGRI Italy Platform Uncapped Guarantee Instrument
Credit enhancement
Cultural and Creative Sectors Guarantee Facility (CCS GF)
ENSI - Securitisation Initiative
Erasmus+ Master Loan Guarantee Facility
Skills & Education Guarantee Pilot
EREM debt products
Single EU Debt Financial Instrument
Documentary Finance Facility – Bulgaria
The SME Initiative
The SME Initiative Bulgaria
The SME Initiative Finland
The SME Initiative Italy
The SME Initiative Malta
The SME Initiative Romania
The SME Initiative Spain
Inclusive finance
EaSI Financial Instruments
EaSI Capacity Building Investments Window
EaSI Guarantee Instrument
EaSI Funded Instrument
European Progress Microfinance Facility
Entrepreneurs supported through Progress Microfinance
European Fund for Strategic Investments (EFSI)
How does EIF contribute to EFSI
How to apply for EFSI financing
Regional Development - Country and sector-specific initiatives
Fons d’Inversió en Tecnologia Avançada (FITA) Catalonia
Dutch Future Fund (DFF)
Dutch Alternative Credit Instrument (DACI)
PORTUGAL BLUE: a new initiative for blue economy investments
JEREMIE Greece Reflows – Business Angels’ Co-Investment Equity Instrument
German Corona Matching Facility (CMF)
Portugal Growth programme
Croatian Growth Investment Programme (CROGIP)
AGRI Italy Platform Uncapped Guarantee Instrument
ALTER’NA – ESIF EARFD Nouvelle-Aquitaine
Baltic Innovation Fund 1 (BIF 1)
Baltic Innovation Fund 2 (BIF 2)
Central Europe Fund of Funds (CEFoF)
Croatian Venture Capital Initiative (CVCi FoF)
Competitiveness Fund-of-Funds for SMEs in Romania
The Cyprus Entrepreneurship Fund (CYPEF)
Deep and Comprehensive Free Trade Area Initiative East Guarantee Facility (DCFTA)
Dutch Growth Co-Investment Programme
Dutch Venture Initiative (DVI-II)
ESIF Fund-of-Funds Greece
EAFRD FoF Portugal
EAFRD FoF Romania
The ERP-EIF Facility
ERP-EIF Co-Investment Growth Facility
The LfA-EIF Facilities
The German Future Fund (GFF) - EIF Growth Facility
INAF – French National Agricultural Initiative
ESIF Energy Efficiency and Renewable Energy Malta
Regional Fund-of-Funds Romania
ESIF Fund-of-Funds Czech Republic
The Silesia EIF Fund of Funds
La Financière Région Réunion
The EIB Group Risk Enhancement Mandate (EREM)
Greater Anatolia Guarantee Facility (GAGF)
G43 - Anatolian Venture Capital Fund Project
InvestBG Equity Instrument
Romania Recovery Equity Fund of Funds
JEREMIE Romania Reflows – Equity Instrument
Luxembourg Future Fund (LFF)
Mezzanine 'Fund of Fund' for Germany (MDD)
Polish Growth Fund of Funds (PGFF)
Portugal Venture Capital Initiative (PVCi)
Scottish-European Growth Co-Investment Programme
Slovene Equity Growth Investment Programme (SEGIP)
Swedish Venture Initiative (SVI)
Turkish Growth and Innovation Fund (TGIF)
Western Balkans Enterprise Development & Innovation Facility (WB EDIF)
EAFRD FoF Greece
Irish Innovation Seed Fund (IISF)

Qoorio: social learning network


“There are so many people in the world, yet we tend to interact mostly with our immediate network. That’s usually up to 100 people. This network defines us. It has a huge impact on us as human beings. So we asked ourselves: Can we use technology to allow people to overcome this boundary of the immediate network and reach out to anyone in the world? Particularly when they have a challenge, don’t know how to act next, learning from someone who’s not in the immediate network could be a big advantage,” explains Justas Janauskas, co-founder of Qoorio.

Co-founders Justas, Ronaldas and Gabija launched Qoorio in June 2019 in Vilnius. “The business model is essentially based on knowledge sharing. You can create your profile on the platform, highlighting your expertise and offer paid meetings to share your knowledge. As simple as that. It’s like a network-market place for gaining and sharing knowledge.”

The platform is working very well with people in the field of entrepreneurship, venture capital, investing, fund-raising and marketing: “I think entrepreneurs are generally very open to new ideas and keen to learn from others,” Justas says. “A young entrepreneur setting up his business, for example, has his mind on a number of things. You need to figure out so many things by yourself, but that takes time, and you can do it much faster by consulting someone, to discuss and learn.” The platform, which is community-driven, also allows reviews, so that experts can build up their profile.

Launching the business was not straightforward, as he recalls, “In reality, it was way more complicated than we expected. Much more nuanced. You just cannot create a great company overnight. A great idea is one thing, but turning it into a successful business is more complicated.”  An equity investment from Change Ventures, a venture capital firm backed by the EIF under the EU’s Investment Plan for Europe, helped the start-up take shape: “I approached Change Ventures for fundraising. We needed a push, particularly to boost our research and product development. It helped us build a team and today we employ 15 people.”

The main challenge for Qoorio now is to expand successfully. “We’re now looking at how to ensure the concept spreads organically, by itself. We need to crack the question of how to make this widespread, how to get it to really take off,” he explains.

Company:  Qoorio (Lithuania)

Type of business: ICT

EIF financing: InnovFin Equity, EFSIBaltic Innovation Fund - BIF

Financial intermediary: Change Ventures

For further information about EIF intermediaries in Lithuania, please refer to: https://www.eif.org/what_we_do/where/ltu


We use cookies to give the best browser experience on our website. or change cookie settings.

Note: Following the recent withdrawal of the United Kingdom from the European Union, we are updating the relevant EIF.org pages.


Copyright ©

 European Investment Fund   – The European Investment Fund is not responsible for the content of external internet sites.