Lithuania presents life science and business potential in „Kowledge for Growth“, Belgium
Lithuanian life sciences delegation is continuing its intensive meeting and sector promotion trip across Europe and on May 18 R. Andziukeviciute – Buze, Vice-minister Economy, and other members of the delegation joined the policy makers and businessmen from numerous countries at „Knowledge for Growth“ conference in Belgium.
This high-level networking event attracts decision makers from biotech, pharma and medtech as well as investors, universities, topnotch research institutes, policymakers and competence providers.
The forum in Ghent is focusing on the impact of large data generation on R&D and business in life sciences. Certainly Lithuania has a lot to offer as a valuable member of life sciences community and the leading country in the region.
Lithuania’s life sciences industry has been skyrocketing over the last two decades and is now regarded as one of the most advanced in Central and Eastern Europe, demonstrating 22% annual growth within the biotechnology and pharmaceutical research and production sector, and around 90% of the production being exported. The success of Lithuanian biotechnology industry starts with the well-developed educational system involving 17 academic institutions and 15 most competent R&D centers. With the pool of 18 000 researchers and specialists and almost 200 companies operating in the life sciences area, the country is on the fast track of becoming one of the top high tech innovation centers in Europe. In the period of 2011-2016 the amount of employees in the sector increased by 25%. To support this, 400 mln EUR investments into five research valleys is secured by the Government of Lithuania.