Funding Support
Driving Innovation Through Strong Financial Support
Key Fundings
Our journey is powered by the support of leading EU and regional funding programs, accelerators, competitions and a pre-seed angel investment.
100 000 €
ALGAMAT
In ALGAMAT, Vetik is exploring how to further valorize the seaweed biomass remaining after liquid biostimulant extraction. The project helps us identify new uses for these side streams and move closer to full, zero-waste utilization of Furcellaria lumbricalis.
Funded by FutureFoodS.
44 600 €
SEADEEP
In SEADEEP, Vetik is testing seaweed cultivation in the Baltic Sea and new ways to monitor biomass growth. The project helps us assess how Furcellaria lumbricalis can be sourced sustainably at scale.
Funded by Horizon Europe.
60 000 €
LEADER Support
Support provided through Saarte Koostöökogu under the LEADER project grant scheme 2023–2027.
Objective: to build the technical capacity needed for production start-up.
Result: production has started.
Co-funded by the European Union.
283 000 €
AlgaeProBANOS
Accelerating algae product development. European Union’s Horizon Europe programme and Environmental Investment Centre (KIK).
25 000 €
European Maritime and Fisheries Fund
PRIA support for equipment acquisition under Measure 3.3 of the 2014–2020 European Maritime and Fisheries Fund Operational Programme.
75 000 €
Pre-Seed investment
Angel investor Risto Vaikjärv
100 000 €
TACO Algae
Value Chain Optimization of Furcellaria lumbricalis. H2020 BlueBio ERA-NET COFUND.
60 000 €
Beamline Accelerator
Business development and scaling production for deeptech startups. NextGen EU, Environmental Investment Centre and Ministry of Climate.
30 000 €
EIT Climate-KIC Accelerator
Accelerator for climate-positive entrepreneurship. Stage 1 and 2. European Institute of Innovation and Technology (EIT).
8 000 €
Baltic Impact Accelerator
Scaling up companies addressing three key pillars: Profit, Planet, and People. European Regional Development Fund.
50 000 €
KET4CP
Key Enabling Technologies for Clean Production. European Union’s Horizon 2020.
137 000 €
Regional Competence Centre
Development grant in collaboration with Plantvalor comptetence centre, Tallinn University and As Est-Agar. European Regional Development Fund.
20 000 €
Prototron
Grant from the Prototron competition to build the colorant prototype (shared first prize among 287 startups
7 500 €
Blue Bio Value Accelerator
Advancing commercialization in the blue bioeconomy through a 7-week program in Portugal. The Oceano Azul Foundation and the Calouste Gulbenkian Foundation.
12 600 €
Baltic Blue Biotech Alliance
Early-stage support for developing marine bio-solutions. Interreg Baltic Sea Region programme (European Regional Development Fund).
4 000 €
Innovation voucher
Enterprise Estonia grant. European Regional Development Fund.
