R&D Funding
Research and development is one of the major factors encouraging economic growth and competitiveness. In Lithuania, R&D is done by universities, research institutes and private businesses.
Experimental development, which is also known as applied scientific activities, is systematic work based on the accumulated knowledge of research and practical experience. Its goal is to create new materials, technologies, products and equipment, introduction of new processes, systems and services, or a substantial improvement of the existing ones.
The state funds part of R&D conducted at research organizations and universities. This is done to promote the commercialization of the scientific activities as well as build closer interaction between science and business.
In view of Lithuania's economic and cultural needs, prospective areas of science are identified and promoted, independent development of science is encouraged, and attention is given to adequate professional training of scientists. Young scientists and their creative activities are also taken care of.
Currently, scientific institutions can count on funding from the High Technology Development Programme for 2007-2013, the Programme for Industrial Biotechnology Development in Lithuania for 2007-2010, the National Lituanistics Development Programme for 2009-2015 and the national science programs.
Private businesses engaged in research and development (through creation of new materials and high value-added technologies) are granted corporate tax and other incentives. This practice has existed in many countries around the world.
