"Focusing investments on research and experimental development is a sign of a progressive and innovative state. Therefore, by listening to the demand of investors and increasing the budget of the call for proposals, this funding will encourage them to contribute to the development of research in our country. This will create new jobs, as the investors implementing the projects will employ researchers and scientists," said Aušrinė Armonaitė, Minister of the Economy and Innovation.
The largest number of funded projects was in the field of information and communication technologies - 12, health technologies and biotechnologies - 3, and new production processes, materials and technologies - 2. The largest amount of funding for a project is almost EUR 2 million.
"Investors who have received funding will mainly develop artificial intelligence and related solutions. Other projects will focus on advanced applications for personal and public health. These projects also strengthen cyber security, develop smart transport systems and the Internet of Things, produce safe food and develop sustainable agro-biological resources," said Iveta Paludnevičiūtė, Chancellor of the Ministry of the Economy and Innovation.
TUI Invest was open to foreign investors - micro, small and medium-sized enterprises (SMEs) and large companies working in partnership with SMEs. Applications were evaluated by the Innovation Agency.
The objective of the call is to promote high value added foreign direct investment: R&D and cooperation and technology transfer in the field of innovation between large companies and micro, small and medium-sized enterprises operating in the region of Central and Western Lithuania.
The TUI Invest measure is implemented within the framework of the European Union Investment Framework Programme for the period 2021-2027.
