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2014.11.17 09:06

New science and business incubator opens in Kaunas

DELFI EN | The Lithuania Tribune2014.11.17 09:06

On Friday, taking part in the opening of the KTU (Kaunas Technology University) Science and Technology Centre and Technological Business Incubator, Prime Minister Algirdas Butkevičius stressed that funds properly invested in science and technologies always bring great returns.

On Friday, taking part in the opening of the KTU (Kaunas Technology University) Science and Technology Centre and Technological Business Incubator, Prime Minister Algirdas Butkevičius stressed that funds properly invested in science and technologies always bring great returns.

He said that he expected that the possibility to perform one's professional practice at the new modern laboratories, supervised by acknowledged scientists and researchers, would be an important reason for young and talented high-fliers to choose studies in Lithuania.

"Studies in Lithuania have revealed that research and technology funding made the greatest impact on the development of competitive economy during the previous financial period of the European Union. Which in turn helped businesses to get engaged more actively in biotechnology, IT and communications technology, future energy and other advanced areas," the PM said.

Butkevičius also stressed that the Government will continue to increase support to research projects and experimental development, paying particular attention to energy efficiency projects.