The institution is a state institution established in 2012. Its main objectives are to promote the long-term development and competitiveness of the Lithuanian film sector and to participate in shaping effective national film policy. The institution administers state funds for national film production, organizes funding competitions for film projects, advises filmmakers and supervises the use of funds. It is responsible for promoting film culture, preserving the heritage of Lithuanian cinema, and attracting investments into the film industry.