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Establishment of Business Incubation Centre (BIC) Agreed between CERN and Lithuania

Created: 2019.07.03 / Updated: 2019.07.03 14:39
      Establishment of Business Incubation Centre (BIC) Agreed between CERN and Lithuania
      Establishment of Business Incubation Centre (BIC) Agreed between CERN and Lithuania

      On 3 July, the signing of an agreement on the establishment of business incubators of CERN technologies in Lithuania was completed and the agreement took effect. It has been signed by Mr. Virginijus Sinkevičius, Minister of Economy and Innovation of Lithuania, and Mr. Martin Steinacher, Director for Finance and Human Recourses of CERN.

      Permanent Representative of Lithuania to the United Nations Office and other International Organizations in Geneva Ambassador Andrius Krivas, who attended the signing of the Agreement at CERN, noticed that until now, CERN business incubators existed in nine CERN Member States. Lithuania, an associate member of CERN since 2018, becomes the tenth country to benefit from scientific and business opportunities offered by a CERN BIC. It is the first BIC established in an associate member of CERN.
       
      The BIC will operate in two locations: Vilnius Sunrise Valley and Kaunas  Science and Technology Park. The Lithuanian Business Incubation Centre (BIC) of CERN technologies will be the first in its kind in Central and Eastern Europe. It will, therefore, be important for the development of business and science across the entire region. The BIC will be administered by the Lithuanian Innovation Centre (LIC).
       
      Lithuania was the first Baltic country to become an associate member of CERN. This opened new opportunities to participate in scientific research projects, start innovative businesses and develop national industrial potential. Lithuanian teachers became eligible for CERN training programmes in physics; research associates from Lithuania are be entitled to internship at CERN.

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