The main strategic goal of LIC is the increasing of Lithuanian international competitiveness by stimulating innovations in business. This goal is divided into the following objectives:
- To foster capabilities of the companies to develop and implement innovations.
- To accelerate commercialization of achievements of advanced sciences.
- To decrease the risk of innovation implementation.
Lithuanian Innovation Centre activities are organised on the project basis. LIC takes part in various tenders, calls for proposals announced by European Union, other international organisations and Lithuanian Government. Activities are carried out and services provided after the applications is approved and financial support is ensured. Since 1996, LIC have been carrying out more than 45 projects. Through these projects, LIC provides annually on average 5000 services (consultations, trainings, researches, technological missions) for more than 1000 clients (business enterprises and research institutions). LIC provides public (free of charge) innovation support services and promotes innovation culture in Lithuania.
Today, LIC employs a core team – permanent staff of 19 persons, 4 project managers, 9 project consultants, 3 project assistants and 3 people in administration (director, director assistant and financier).
Lithuanian Innovation Centre was established on February 1st 1996 as a non-profit organisation and 1997 was reorganized to public organisation. The first shareholders and founders of LIC were United Nations Development Programme (UNDP), Ministry of Education and Science and Lithuanian Stock Innovation Bank.
The current shareholders of LIC are the Ministry of Economy, the Ministry of Education and Science and the Lithuanian Confederation of Industrialists.
The INNOVAGE project enables Lithuania to address a common and shared problem that received up until now relative little attention: The opportunities for developing eco-efficient smart home solutions for the independent living of the elderly. The role of the Lithuanian Innovation Centre in this INNOVAGE project will be to function as an accelerator for Lithuanian research and businesses.
Firstly, LIC will introduce new topics (smart homes, eco-innovation) to existing businesses and research in Lithuania. LIC will introduce new solutions new business models and new approaches to Lithuania, based on the experience of other project partners and existing cluster in Europe.
Secondly, LIC will in INNOVAGE foster and initiate cluster development activities in the field of smart homes and eco-innovation in Lithuania.
Thirdly, LIC will support existing clusters in the fields relevant to INNOVAGE through creating new links with other cluster initiatives in Europe.