Research & Development
With a pool of 18 000 R&D personnel Lithuania has developed a network of 5 R&D valleys specializing in laser, nanotechnologies, semiconductor physics, electronics, engineering, biotech, energy, environment, ICT and agriculture and awaiting to give an impetus for innovations by businesses. The valleys are based in the capital city Vilnius, in Kaunas - the 2nd largest city and industrial centre, and the non-freezing seaport Klaipėda.
Valleys
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Network of R&D centres in 3 largest cities
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Specialization in different scientific reasearch areas
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Great concentration of talent
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Sufficient supply of new office space
| Santara Valley (Vilnius) |
ICT & Life Sciences Centre Centre of Innovative Medicine Nature Research Centre |
| Sunrise Valley (Vilnius) | Centre of Physical and Technological Sciences |
| Santaka Valley (Kaunas) |
National Open-access Centre of R&D Centre of Sustainable Pharmacy and Health Technologies National Open-access Centre of Future Energy |
| Nemunas Valley (Kaunas) | Centre of Agriculture and Forest Sciences |
| Maritime Valley (Klaipėda) | National Centre of Marine Sciences and Technologies |
Advantages of R&D valleys in Lithuania
- Access to skills and networking – Concentration of scientists, researchers, developers and university academia, close collaboration of knowledge-intensive businesses with science and study institutions, opportunity to be co-located with other companies in the same sector (clusters) and region
- Research excellence – Open access labs, R&D projects supported by EU/state, application of research results in industry and business
- High-quality infrastructure and premises – Infrastructure for research, innovation and new technology development and comfortable conditions to establish new technology-oriented businesses – offices, labs, business incubators.
- Internationalization – Increased international competitiveness
Incentives for new technologies and R&D
Scientific research and experimental development (R&D) costs deducted 3 times from income for the tax period during which they were incurred, if the performed R&D works are related to the usual or intended activities of the entity that generate or will generate income or economic benefit.
Super-accelerated depreciation - acquisition price of fixed assets used in the R&D activities can be written-off within two years
Investments into substantial technological improvements will entitle the companies to reduce the taxable profit down by 50%.
Success stories: MOOG, Thermo Fisher Scientific, IBM etc. More success stories
