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The funds for the measure "Intellect LT+" have been doubled

Ministry of Economy of Republic of Lithuania doubled – from 60.66 million Lt to 121.17 million Lt – the EU structural  funds for the third call by the measure "Intellect LT +".


Application deadline has not changed, they are accepted until May 31.


Applicants requested funding amount exceeded the maximum budget assigned for this measure. The average requested funding amount of the third call – 2.1 million Lt. Minister of Economy  Rimantas Zylius stated that the interest in this instrument and the pursuit to increase the economic growth led to double the amount of funding that more companies were able to invest in scientific research and technological development.


LBSA Director Diana Vilyte also welcomes the increased amount of support and expects clear cooperation between science and business, innovative and meaningful projects.


Currently there are 32 applications registered, which claime for 67.3 million Lt of EU Structural Funds. According to LBSA already submitted projects, Lithuanian companies are planning to create or renovate the facilities of scientific and technological development in laser technologies, bakery and confectionery industry equipment, microbiological sewage and water treatment, information systems for the management of public sector, orthopedic appliances and other fields.


Source: LBSA