SCIENCE AND TECHNOLOGY PARKS IN LITHUANIA Lithuania – perfect location Excellent infrastructure  The European Union has recognized Lithuania as the prime transport centre in the region linking the EU with the East  Crossroads of international transport routes – two EU-priority transport corridors  International airports (located in Central, Eastern and Western Lithuania) with direct routes to most European cities  Northernmost and only ice-free seaport on the eastern shore of the Baltic Sea – Klaipėda State Seaport MITA Agency for Science, Innovation and Technology (MITA) We are Lithuanian innovation funding agency Our services: • Consultations • Partners search • Organizations of specific events • Public funding The main activity areas of MITA International programmes: National programmes: • FP7, Horizon 2020 • High Technology Development Programme • Eureka • Industrial Biotechnology • Eurostars Development Programme • CIP Other national initiatives: • Innovation vouchers • Intellectual property rights • Clusterization • Technology transfer • Coordination of Science and Technology Parks, Open Access Centers Mission, objectives and goals of Science and Technology parks (STPs) in Lithuania • Mission – promotion of the development of High-tech sector in industry • Objectives: – Increase industrial competitiveness – Promote a co-operation amongst science and industry/business – Create new jobs – Develop the innovative culture in Lithuania • Goals: – Modernisation of technologies in industrial sectors – Development of favourable business environment for innovative companies – Raise of foreign and local investment funds – Retention of scientific potential Financial support measures “Idėja LT” – Technical feasibility “Inoklaster LT” – Cluster management, development of studies internal and external relations, methodological and information “Intelektas LT” – R&D activities in help companies “Inoklaster LT+” – Joint Cluster R&D and training infrastructure “Intelektas LT+” – R&D facilities in companies (labs, research IPR – Patent Expenditures can be centers, etc.) compensated up to 100% for International patent (payment in advance is available) Non financial support for business (subsidies for development of innovation&business support services) “Inogeb LT-2” – “Inogeb LT-1” – public investments into development support for innovation services of STP, technological business providers (STP, innovation centres, incubators infrastructure in Valleys etc.) Financial engineering:  Risk capital funds  Micro-credits  Guarantees  Business angels  Compensation of loan interest Fiscal incentives for R&D  Over 2.5% of GDP are earmarked to R&D and innovation Investments in development and over next 2 years; improvement of R&D infrastructure  R&D costs deducted 3 times from income for the tax Funds allocated to R&D activities, preparation of surveys and period during which they were incurred, if the performed feasibility studies, marketing, R&D works are related to the usual or intended activities training, etc. 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 entitles the companies to reduce the taxable profit down by 50%. Industrial network 412 ha greenfield territory 534 ha greenfield territory 9 industrial parks: greenfield territory from 8 to 220 ha