aA
Lithuania is due to sign an agreement with the European Organization for Nuclear Research (CERN) on the establishment of incubators in Vilnius and Kaunas, the only in Central and Eastern Europe.
Lithuania to sign agreement with CERN on incubators in Vilnius and Kaunas
© Reuters / Scanpix

The Lithuanian government on Wednesday authorized Economy and Innovation Minister Virginijus Sinkevicius to sign the agreement. It should be signed in May or June and startups at these incubators should start operating as early as this year.

Lithuania became an associated CERN member only a year ago but will become the tenth country where the CERN will establish business incubators.

According to the Lithuanian government, the CERN incubators in Vilnius and Kaunas will host no more than 5 startups each at the time, and the value of funding for one startup will not exceed 40,000 euros. The funds will come from the EU.

Lithuanian President Dalia Grybauskaite said in Davos in January when she met Fabiola Gianotti, director general of the European Organization for Nuclear Research (CERN), that Lithuania will be the first among associated CERN members to gain unique access to CERN’s newest technologies, data bases and expertise, adding that it's huge recognition of Lithuania's scientific progress.

CERN membership costs around 900,000 euros per year for Lithuania.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.
|Populiariausi straipsniai ir video

Latakas wins competition for Klaipeda Port CEO

Algis Latakas , former production director at Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring...

Leading tech companies in Lithuania: we are displaying crisis immunity

Entrepreneurship and export development agency “ Enterprise Lithuania ” indicates that due to...

Finance Minister: every quarantine week shrinks GDP by 0.5 percent

Economists estimate that every week of the quarantine in Lithuania, introduced to slow the spread of...

Lithuania's Devold says could make 100,000 medical coveralls by late summer

Norwegian-owned Lithuanian textile manufacturer Devold says it could producer around 100,000...

Tax revenue 15 percent short of target in March

The Lithuanian central government's tax revenue fell around 15 percent short of the target in March,...

Top news

Government decided: two more weeks of quarantine

The Lithuanian government on Wednesday extended the existing quarantine for another two weeks but...

Residents ordered to wear facemasks in public flouters face fines

It will be mandatory to wear facemasks in public in Lithuania as of Friday, the country's government...

4th week of quarantine: 912 coronavirus cases in Lithuania

On Wednesday morning Lithuania has already recorded 912 coronavirus cases since the start of the...

Korean in Vilnius: sometimes I feel I’m contained in jar of sardines (1)

It was not an easy two weeks for Lithuanians forced to spend time inside their homes and apartments...

Latakas wins competition for Klaipeda Port CEO

Algis Latakas , former production director at Klaipedos Juru Kroviniu Kompanija (Klaipeda Stevedoring...

|Maža didelių žinių kaina