Sunrise Valley Science and Technology Park Fosters Innovative Business in Lithuania

7.7M eur of investment attracted, 211 companies and 134 startups nurtured and 33 international projects with budgets up to 2.5M eur implemented to date are just some of the achievements of our Lithuanian Member Sunrise Valley Science and Technology Park (SVSTP).

Located in Sunrise Valley campus – one of the leading Lithuanian knowledge, studies and business centres – SVSTP promotes entrepreneurship, sustainability and digitalization in the region.

Close cooperation with universities and open access centres on the campus is the backbone to support SMEs in R&D and tech transfer. The online magazine “Board Banda”, with a monthly audience of 100 million readers worldwide, “Deeper” with its first Lithuanian Apple Store featured product, the multi award company “Oxipit” developing AI solution for analysis of X -RAY images are just a few of the successful businesses started at Sunrise Valley Science and Technology Park.

The annual sustainable business pre-accelerator programme “Futurepreneurs” and nthe ational competition of Climate KIC initiative “Climate Launchpad” organized by SVSTP generates over 20 business ideas and has taught more than 700 young people the principles of sustainable business. SVSTP has a network of active mentors, it is a member of Lithuanian Business Angel Network (LitBAN), and it offers incubation services leads to a well-grounded start of new entrepreneurs.

Since becoming CERN business incubator in the Baltic States in 2019, SVSTP is projected for supporting an even bigger growth of innovative businesses. Smart city hackathon “Hack4Vilnius” and being co-founders of Social innovation cluster are just two examples of its many other activities focused on boosting entrepreneurship and innovation in the region.

SVSTP is the initiator and facilitator of CleanTech Cluster Lithuania, bringing together the major players in cleantech industries in Lithuania. Currently, 38 businesses are members of the cluster, with a large number focusing on renewable energies. A cluster member “Ignitis Group” stands behind a 1 MW solar power plant opened near Elektrėnai (Lithuania). The event marks the launch of the world’s first remote solar platform, “Ignitis Saulės Parkai” (“Ignitis Solar Parks”), which is available to all households in the country.

Since 2017, SVSTP is the coordinator of Sunrise Valley Digital Innovation Hub, operating as one-stop-shop to support digitalisation of SMEs. Together with leading DIHs in Latvia, Estonia, Finland, Sweden and Norway, the team is developing and piloting a digitalization support model in the frames of Interreg Baltic Sea Region (BSR) project “Innocape”. It will result in tools and methods to support digital transformation of SMEs as well as the network of digital innovation hubs around the BSR. In autumn 2020, the consortium will launch Digital maturity assessment tool and Digitalisation competence map, followed by a series of workshops for SMEs and a virtual BSR hackathon. Upcoming plans include becoming a European DIH and securing even stronger support for digitalization in the region.

See areas for cooperation? Connect with them:


vorheriger Artikel nächster Artikel