Financially sustainable creative incubations units
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Title partner - ktu_regional
Image - Picture ktu_regional
Title General Info

Established as a first business incubator 12 years ago in Kaunas, today KTU Regional Science Park (KTURSP) is the largest partner of science and business cooperation in Lithuania. More than 250 companies have been incubated here with a success rate exceeding 90%.

Today KTURSP integrates more than 90 companies: 35 from IT sector, 23 from High tech sector, 6 consultancies, 5 advertisement & publishing companies and 24 associated members.

KTURSP is an experienced & qualified partner to more than 50 science institutions and business associations from 23 countries.

Main activities in few recent years includes assistance in E-Learning to innovative SMEs, mediation to more than 500 business partnerships, development of Regional Innovation Strategy of Lithuania, facilitation of newly established businesses, connection of different generation activities in innovative and creative space creation as well as coordination of the EU-scale spatial data project and many more.

International partnership (more than 2000 companies) is realised via participation in European and world wide networks and associations: IASP, BASTIC, SPICE group, WAINOVA. National partnership accounts the partnering with business support network, Kaunas Chamber of Commerce, Industry and Crafts, Kaunas Regional Development Agency as well as Lithuanian Confederation of Industrialists.

The further steps into promotion of the Creativity culture are taken: cooperation with EU universities, initiation of EU-scale projects, and participation in a development of Kaunas Science, Study and Business Valley „SANTAKA“.

Title The Region

Lithuania is the largest and southernmost of the Baltic States with 3 mln. Inhabitants
Lithuania is bordered by Latvia to the north, Belarus to the east and south and Poland and Russian Federation (Kaliningrad) to the south and southwest. Forest spread through almost 30 per cent of the country, and rivers, streams and more than 3000 lakes shape the land.

Five national and 30 regional parks preserve this paradise for boating, fishing, hunting, bird watching or horseback riding. The largest river, Nemunas, flows into the Curonian Lagoon separated from the Baltic Sea by the Curonian Spit. This 98 km long bank of sand, dunes and pine trees stretches from Kaliningrad in the south to the seaport of Klaip?da in the north. The Curonian Spit recognised by UNESCO as a part of the world heritage, is one of the most unspoiled natural spots in the whole Baltic Region.

Since Lithuania declared the restoration of its independence on 11 March 1990, it has maintained strong democratic traditions. The Lithuanian head of state is the President, elected directly for a five-year term, serving a maximum of two consecutive terms. The post of president is largely ceremonial; main policy functions however include foreign affairs and national security policy.

Lithuania became a member of the United Nations on 18 September 1991. It is also a member of the European Union, the Council of Europe, Organization for Security and Cooperation in Europe, NATO and its adjunct North Atlantic Coordinating Council.

The litas, the national currency, has been pegged to the euro since 2 February 2002 at the rate of EUR 1.00 = LTL 3,4528.

According to the website, as of 30 October 2011 Lithuania ranks first in the world by the internet upload speed and download speed.

Ethnic Lithuanians make up about four-fifths of the country’s population and Lithuania has the most homogenous population in the Baltic States. Lithuanian is the official language of the country.

Title The City

Kaunas occupies the territory of 157 km2. Kaunas is the second largest city and with nearly 350 thousand inhabitants is one of the most significant cities of Lithuania. It is not only a city of old traditions, but also a large centre of business and industry. It can also lay claim to be a city of young people with over 35,000 students studying at one of the seven universities here.

Kaunas was always fated to become an important historical and cultural city in Lithuania. In 1408, Magdeburg rights were granted to the city of Kaunas by the privilege of Vytautas the Great. During the early 20th century, governed by its first Burgomaster Jonas Vileisis, Kaunas was the home of the Lithuanian Government and the capital city; a period considered by many as the golden age of the city. However, history tells us that even before this date, the city, situated at the confluence of the rivers Neris and Nemunas, experienced many other periods of great prosperity and national importance.

Hundreds of years of cultural heritage is preserved in the historical and architectural monuments, museums, theatres, art galleries and churches of Kaunas. In Kaunas we are proud of the importance that our people have played in contributing towards making the rich cultural, historical, and academic tapestry that is Lithuania.

For business and investors, our city offers friendly, open, and creative space for partnerships and co-operation. We can provide you with clear, practical advice and guidance to doing business here, as well as access to a highly educated and skilled labour force and a large selection of buildings and development parks for you to start and grow your business.
Title Partners
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InCompass Project is funded by the EU’s European Regional Development fund through the INTERREG IVC programme