Board of the Innovation Agency has been approved


2022 06 20

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The Minister of the Economy and Innovation Aušrinė Armonaitė has appointed members of the Board of the new Innovation Agency for a four-year term of office. The Board will be composed of 7 members, including 3 delegates and 4 independent members.

"In order to move towards a high-value economy and to transform the economic system of Lithuania as a whole, we have taken bold steps reorganising the entire public sector innovation ecosystem and establishing the Innovation Agency. Today, we have further strengthened it by bringing together a team of real professionals who will help chart the strategic steps towards building a next generation public sector organisation and growing a globally competitive and innovative businesses," says Aušrinė Armonaitė, Minister of the Economy and Innovation.

Justina Klyvienė, the Founder and the Managing Partner of Future Leadership Innovation Lab, Agnė Paliokaitė, the Founder and the Head of the Research Institute Visionary Analytics, Paulius Vertelka, Head of Google Public Policy for the Baltics, and Žilvinas Pakeltis, an experienced international development manager with over 20 years of experience in multinational and domestic companies, have been elected as independent members of the Innovation Agency's Board after winning a competition.

The Ministry of the Economy and Innovation delegated Vice-Minister Egle Markevičiūtė to the Innovation Board, the Ministry of Foreign Affairs delegated Vice-Minister Egidijus Meilūnas, and the Ministry of Education, Science and Sport delegated Vice-Minister Gintautas Jakštas.

The Board of the Innovation Agency will consider and submit proposals to the General Meeting of Shareholders on the long-term strategy, strategic directions and action plans, as well as on actions needed to achieve the Agency's objectives and to increase the efficiency of the Agency's activities, etc.

The Innovation Agency launched in early April is responsible for Lithuania's innovation ecosystem and for promoting innovation at all stages of business development. The Agency is responsible for providing entrepreneurship, export and innovation promotion services to business, and will administer a range of business support measures with a total value of more than EUR 500 million over the next few years.

The Innovation Agency was established on the basis of the Versli Lietuva Agency and the Lithuanian Business Support Agency (LVPA), consolidating the functions of innovation activities previously carried out by the Agency for Science, Innovation and Technology (MITA).