Contact Us ×
Call Us
or
CAPTCHA Image
Oops, something went wrong! Check the fields. Thank you for your request. We will get in touch with you within 24 hours to offer you the best investment solutions in Lithuania! Continue browsing
Innovation brochure

A small nation that is big on ideas

As a young vibrant nation defined by its innovative mindset and can do attitude, Lithuania is the perfect home for industries that are looking to drive their ideas forward. With its growing position as a hub for likeminded creative professionals working across a number of sectors, and with the advantage of being a small nation where solutions are quick, networks are instant, and costs more than competitive, we have the right environment for innovation.

What makes Lithuania the perfect destination for your R&D

1. Talent, talent, talent

We work hard to seed and develop our talent, with plans in place to introduce IT education from as early as 1st grade. And with the continued committed establishment of links between business and education, we are perfectly positioned to provide companies with the bright minds they need.

2. Infrastructure

We are committed to creating the right infrastructure for R&D; that is why since 2007 we have invested more than €376 million into making this a reality. What’s more, as a small nation we have the ability to quickly create and consolidate lasting networks that facilitate and nurture innovation.

3. Cost competitiveness

Not only do we have the talent and the infrastructure you need, we also have a cost competitive edge. If you are looking at setting up a team for your R&D, you’ll see we offer one of the best quality to cost ratios in Europe. And when it comes to lab space and office premises, you will have no problem finding what you require for a price that’s just right.

4. Governmental backing and Financial Support

Support for R&D and the tech sectors is a national priority. So much so that between 2006-2013 Lithuania spent 411 million EUR to develop its R&D infrastructure and science valleys. The country is also quick to respond to industry needs and keen to foster collaboration. You’ll find generous financial support available – expenses for R&D are fully deductible 3 times, while corporate tax can be reduced by up to 50%.

Here are some of the other financial incentives that are available:

  • Up to 25% off investment to R&D infrastructure
  • Up to 50% off R&D activities
  • Up to 50% off employee training
Innovation brochure

A small nation that is big on ideas

As a young vibrant nation defined by its innovative mindset and can do attitude, Lithuania is the perfect home for industries that are looking to drive their ideas forward. With its growing position as a hub for likeminded creative professionals working across a number of sectors, and with the advantage of being a small nation where solutions are quick, networks are instant, and costs more than competitive, we have the right environment for innovation.

What makes Lithuania the perfect destination for your R&D

1. Talent, talent, talent

We work hard to seed and develop our talent, with plans in place to introduce IT education from as early as 1st grade. And with the continued committed establishment of links between business and education, we are perfectly positioned to provide companies with the bright minds they need.

2. Infrastructure

We are committed to creating the right infrastructure for R&D; that is why since 2007 we have invested more than €376 million into making this a reality. What’s more, as a small nation we have the ability to quickly create and consolidate lasting networks that facilitate and nurture innovation.

3. Cost competitiveness

Not only do we have the talent and the infrastructure you need, we also have a cost competitive edge. If you are looking at setting up a team for your R&D, you’ll see we offer one of the best quality to cost ratios in Europe. And when it comes to lab space and office premises, you will have no problem finding what you require for a price that’s just right.

4. Governmental backing and Financial Support

Support for R&D and the tech sectors is a national priority. So much so that between 2006-2013 Lithuania spent 411 million EUR to develop its R&D infrastructure and science valleys. The country is also quick to respond to industry needs and keen to foster collaboration. You’ll find generous financial support available – expenses for R&D are fully deductible 3 times, while corporate tax can be reduced by up to 50%.

Here are some of the other financial incentives that are available:

  • Up to 25% off investment to R&D infrastructure
  • Up to 50% off R&D activities
  • Up to 50% off employee training

Key sectors

NEW PROCESSES, MATERIALS AND TECHNOLOGIES

Lithuanians have a long history when it comes to industrial innovation. With developmental experience dating back to the invention of the laser, our technology and skills are at the forefront of this field. And with photonics playing an essential role in scientific development across a number of industries, from laser physics and optical technologies, through to electronics, robotics and nanoengineering, we are perfectly placed to drive scientific innovation wherever it is needed. What’s more, as a country we are committed to preparing the right talent for innovation. To this end, we are fostering strong collaborative links between industry and academic institutions to further strengthen STEM fields within our education system. Through this approach, we are able to provide businesses with the skilled
specialists they need.

What we do and who we do it for:

  • Mechatronics, robotics and electronic engineering (Kitron, Jotron, Blue Ocean Robotics, Elinta)
  • Photonics and applied physical sciences (Light Conversion, Integrated Optics, Brolis Semiconductors, Standa)
  • Material science and nanoengineering (BOD group, Nanoavionics, Neurotechnology, Biocircle)

Did you know that Workshop of Photonics is developing new laser glass processing technologies in co-operation with the US market leader in extra-resistant glass, Corning Incorporated, whose Gorilla Glass product is found in over 4.5 billion smartphones worldwide?

HEALTH TECHNOLOGIES AND BIOTECHNOLOGY

Our life sciences industry has been skyrocketing over the last two decades, doubling in value in the last five years alone. And it’s not difficult to see why. Lithuania’s life sciences industry is now regarded as one of the most advanced in Central and Eastern Europe, witnessing 22% annual growth within the biotechnology, pharmaceutical research and production sectors. And its reach is truly global; 86% of produce from the pharmaceuticals sector is exported to over 60 countries. With their passion for innovation, can do attitude, and drive to deliver results above and beyond what is expected, our talent has the right mindset to thrive in this field.

And we are fast developing Lithuania as a hub for Regenerative Medicine. Vilnius’ new state-of-the-art facilities have been designed to bring together stem cell researchers and physicians with the aim of fast-tracking stem cell based therapies and advanced therapy pharmaceuticals and medical devices.

What we currently do and who we do it for:

  • Biotechnology, biopharmacy and chemistry (Thermofisher Scientific, TEVA, Biome, BIOK, Biotechpharma)
  • Medical technologies and engineering (Probiosan, Vittamed, MOOG, Intersurgical)

Did you know that that Thermo Fisher Scientific’s World Excellence Center for Molecular Biology is located in Lithuania?

INFORMATION AND INTERNET TECHNOLOGIES

As one of Europe’s most tech-savvy and innovative countries, Lithuania is home to true pioneers in the IT sector. The country’s burgeoning startup community has attracted over $100 million in investment in recent years, and their driving talent is bolstered by the presence of some of the biggest global names in the business: Nasdaq, Uber, Wix, Revel Systems and others. Lithuania boasts some of the fastest and most affordable internet connections in Europe, plus an IT fluent population ranked 4th globally for their IT skills. That’s why it is a rising star in Europe in the IT sector.

What we currently do and who we do it for:

  • Games and e-content development (Nordcurrent, Game Insight, Bored Panda, Gameshow)
  • Fintech (Barclays, Paysera, Transfer-go, Mokipay)
  • Digital economy products and services (e-marketing, analytics and intelligence, e-commerce) – (Trafi, Trackduck, Vinted, Adform)
  • Software solutions (Unity, Treatwell, Uber, Wix.com)

Did you know that Lithuania is home to Pixelmator, a powerful image editor that was Apple‘s best iPad app in 2014.

FUTURE FOCUS - SUSTAINABLE TECHNOLOGIES

From Lithuania’s agricultural roots comes a strong commitment to the environment and an appreciation of the earth’s resources. That is why – from sustainable food production and crop protection, through to plant and animal genetics, renewable energy and waste management – innovation and sustainability have always gone hand in hand in Lithuania. And a strong culture of university-industry collaboration means new breakthroughs are developed to their full potential. For example, DuPont Pioneer, the world’s leading developer and supplier of advanced plant genetics, has acquired usage rights from Vilnius University for a unique guided Cas-9 genome editing technology.

What we currently do and who we do it for:

  • Agri-innovation and food technologies (Amilina, Naujoji Rūta, Linas Agro, Auga)
  • Future energy and environmental engineering (ViaSolis, BOD Group, Solet Technics, Arginta Engineering)

Useful Links

Related content
News
Subscribe