The funding of EUR 53 million for industrial digitisation projects

Date

2020 10 15

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On the initiative of the Ministry of the Economy and Innovation 124 Lithuanian industry digitisation projects receive EUR 53 million of funding. Under the EU ‘Industry Digitisation LT’ investment instrument, the national industrial enterprises will be able to more effectively assess the need for the digitisation of production processes and install equipment to increase productivity based on the recommendations of the technology audit.

‘Lithuanian industrial enterprises are fully aware of the necessity and benefits of digitisation: an opportunity not only to optimise technological processes, but also to create more innovative, marketable and competitive products. This is illustrated by the number and quality of applications received under the EU ‘Industrial Digitisation LT’ investment instrument. Given the popularity of this measure and the number of applications received, the Ministry of the Economy and Innovation decided to increase the amount of funding significantly. We hope that this will further accelerate the digital transformation of the Lithuanian industry,’ says Jekaterina Rojaka, Vice-Minister of the Economy and Innovation.

The funding requested by micro, small and medium-sized enterprises was significantly higher than the amount of EUR 15.35 million indicated in the calls for the measure. Therefore, the Ministry of the Economy and Innovation additionally allocated more than EUR 38 million to these Lithuanian industrial enterprises.

Under the EU ‘Industrial Digitisation LT’ investment instrument EUR 26.71 million was allocated for the implementation of 80 projects by micro and small enterprises and EUR 26.22 million ­for 44 projects of medium-sized enterprises.

Under this instrument, Lithuanian industrial enterprises plan to introduce various digital technologies: company resource management systems, robotics technologies, expeditious production management systems, smart sensors, etc. Industrial enterprises will also develop 3D printing, cloud computing, information switching networks, Internet of Things systems and artificial intelligence solutions.

In addition, industrial enterprises plan to introduce digital technology solutions: digital engineering, vertical/horizontal integration, smart care and service, digital jobs and cyber security solutions.