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Lithuanian innovation growth: among those highest in the EU

Date

2013 03 27

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Based on the data of the Innovation Union Scoreboard 2013 published by the European Commission yesterday, Lithuania has made a great progress in the field of innovation. Though previously attributed to modest innovators, Lithuania now belongs to  the group of moderate innovators along with Italy, Spain, Portugal, Czech Republic, Greece, Slovakia, Hungary and Malta.

According to Vice-Minister of Economy Marius Skarupskas, the results of the Innovation Union Scoreboard 2013 show that the average innovation growth rate in Lithuania is one of the largest among the 27 EU Member States and stands at 5%, which is the second best result after Estonia. However, the gap is still too big for rapid growth to be sufficient to catch up with the average of the EU countries in the short run. 

The gap between Lithuania’s growth rate and the EU average in the field of innovation is mainly determined by the insufficiently open and not quite attractive research system, small number of patent applications and third country doctoral candidates as well as insufficient extent of investments in R&D. 

‘When implementing the measures aimed to promote innovation under the Programme of the Government we plan to establish the Innovative Economy Council to improve cooperation between business and science and thus encourage more rapid implementation of research results, prepare a scheme to promote the establishment and development  of new innovative companies and to encourage entrepreneurship among young researchers, as well as develop mechanisms aimed to promote the creation and implementation of green innovation in Lithuanian companies,” said the Vice-Minister of Economy. 

The Innovation Union Scoreboard published by the EC highlights the following strengths of Lithuania: the areas of human resources, finances and support. Lithuania overtakes many EU countries or is close to the EU average according to the following indicators: the number of residents who have attained tertiary and secondary education, non-R&D innovation expenditure, public R&D expenditure and the level of cooperation between innovative small and medium-sized companies with other companies.

Every year the European Commission publishes the Innovation Union Scoreboard providing a benchmark of the innovation performance by the 27 EU Member States and Croatia, Serbia, Macedonia, Turkey, Iceland, Norway and Switzerland, based on the analysis of twenty five indicators.

Sweden, Germany, and Denmark are leading in the field of innovation.