LITHUANIA: LITHUANIA: Marius Skarupskas Vice-Minister of Economy of the Republic of Lithuania

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1 LITHUANIA: LITHUANIA: INNOVATIVE AND INNOVATIVE SMART AND SMART Marius Skarupskas Vice-Minister of Economy of the Republic of Lithuania Tbilisi, 15/05/2015

2 Lithuanian Innovation Development Programme for the year Knowledge Business Networking Innovative public sector - Support for internships in foreign R&D centres; - Support for internships in NASA; - Development of industrial PhD programmes; - Support for the creation of new knowledge and commercialization of the research results, etc. - Improvement of innovative business environment; - Support for business investments in R&D; - Support for direct foreign investments in R&D; - Facilitatating the development of new innovative startups; - Support for patenting inventions, etc. - Support for strengthening local and international clusters; Promotion of valley s R&D infrastructure and the development of competence centres; - Support for participation in international RDI initiatives, etc. - Development of demand-side policy instruments (innovative public procurement, pre-commercial procurement) 2

2014-2020 investment priorities for Lithuania Energy and sustainable environment Agricultural innovation and food technologies Transport,

3 investment priorities for Lithuania Energy and sustainable environment Agricultural innovation and food technologies Transport, logistics and ICT New production processes, materials and technologies Health technologies and biotechnologie s Inclusive and creative society 3

Innovation infrastructure Valley Technology park Innovation investment zone Santaka valley: Sustainable chemistry and

Agrobiotechnology Bioenergetics and forestry Food technology, safety, and health Innovation investment zone (10 ha) Santara

(6,90 ha) Marine Valley: Marine environment Marine technology Innovation investment zone (14,18 ha) Sunrise valley: Laser and

4 Innovation infrastructure Valley Technology park Innovation investment zone Santaka valley: Sustainable chemistry and biopharmacy Mechatronics and related eletronic technology Future energy technology IT and ICT Nemunas valley: Agrobiotechnology Bioenergetics and forestry Food technology, safety, and health Innovation investment zone (10 ha) Santara valley: Biotechnology Innovative medicine, biopharmacy Information and communication technology Innovation investment zone (6,90 ha) Marine Valley: Marine environment Marine technology Innovation investment zone (14,18 ha) Sunrise valley: Laser and lighting technologies Materials science and nanotechnology Semiconductor physics and electronics Civil engineering Innovation investment zone (24,37 ha)

projects Innovation budget for 2014-2020 1,3 billion euros equity instruments, debt

5 Business friendly environment: financial incentives Corporate profit tax incentives for R&D fully deductible expenses x3 corporate profit tax can be reduced up to 50% Investment projects Innovation budget for ,3 billion euros equity instruments, debt instruments, guarantee instruments, grant for Compensation of Interest FI instruments for ( 313 m) 5

6 Lithuanian talent at a glance Lithuania is among the top 5 EU countries with the highest ratio of young people / Eurostat, 2013 Young 1st in the EU for mathematics, science and technology graduates per capita / Eurostat, st in CEE for quality of math and science education / WEF Global Competitivenes Report, Highest ICT literacy in the EU 97% of students obtaining ICT skills in secondary schools / Digital Agenda for Europe 2x EU average of young people studying Engineering, Manufacturing and Construction / Eurostat, % chose continuous learning and development opportunities as the Educated most important factor when choosing an employer / If Annual Survey, 2012 Near 100% proficiency in English among young professionals / European Commission, Europeans and Their Languages 2012 #5 in the EU for population speaking at least 1 foreign language and #7 for at least 2 foreign languages / European Commission, Europeans and Their Languages 2012 Fluent Loyal Average employee turnover rate in international Shared Service Centers is 7-8% / Strategic Staffing Solutions, % of population aged would like to work for an international company / If Annual Survey, 2012 R&D orientated: 10th in the world for R&D personnel per capita / IMD, % year on year rise in R&D expenditure since 2005 / Lithuanian Statistics,

7 Let s talk Lithuania Home for innovation Talented labor pool Business friendly environment and cost-effective business development Concentrated Research Infrastructure 7

SCIENCE AND TECHNOLOGY PARKS IN LITHUANIA

SCIENCE AND TECHNOLOGY PARKS IN LITHUANIA Lithuania perfect location The European Union has recognized Lithuania as the prime transport centre in the region linking the EU with the East Crossroads of international