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Business consulting services offered for startups by Lithuanian Innovation Centre (LIC)

Lithuanian Innovation Centre (LIC) offers comprehensive consulting services for startups, providing support in various areas such as business planning, financing, market analysis, and technology transfer. We help innovative entrepreneurs turn their ideas into successful businesses.

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Business consulting services offered for startups by Lithuanian Innovation Centre (LIC)

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  1. Business consulting services offered for startups by Lithuanian Innovation Centre (LIC) dr. Artūras Mickus, dr. Artūras Jakubavičius, dr. Mantas Vilys,Saulius Kromalcas, Gytis Junevičius. Lithuanian Innovation Centre

  2. Why is this soimportant? “…A small part of the globe, accounting for some 15% of the earth's population, provides nearly all of the world's technology innovations. A second part, involving perhaps half of the world's population, is able to adopt these technologies in production and consumption. The remaining part, covering around a third of the world's population, is technologically disconnected, neither innovating at home nor adopting foreign technologies. …” “A new map of the world”, Jeffrey Sachs, The Economist, Jun 22nd 2000.

  3. Major innovations created by small firms in the 20th century

  4. Small entrepreneurs are responsible for more than half of all innovations during 20 sentury: 67 percent of inventions and 95 percent of radical innovations since World War II; (National Commision on Entrepreneurship White Paper: Embracing innovation – Entrepreneurship and American Economic Growth) Why is this soimportant?

  5. From the idea to commercial implementation passes 3-5 years. And only 1 out of 10 innovations reaches the market. Meanwhile, only 10-30% of new startups survive during thefirst 2-3 years. Why is this soimportant?

  6. Why isso hard for start-ups? • What do they have?: • product - no, • customers - no, • income – no, • … just an idea. • ...and the belief that within a couple of years theywill stand on their ownlegs. “Have you ever thought that you are on the incredible breakthrough threshold? "

  7. Success factors Team; Access to Finance; Time.

  8. Lithuanian Innovation Centre Quick facts founded on 1 February, 1996. Shareholders of LIC: Ministry of Economy ; Ministry of Education and Science ; Lithuanian Confederation of Industrialists. Central office– in Vilnius, branches – in Kaunas, Klaipėda, Alytus, Šiauliai, Panevėžys. www.lic.lt www.inovacijos.lt

  9. INOVEKS Startups (1) • SP „DNR TYRIMAI“.Tick-borne disease (Lyme boreliosis, babesiosis, anaplasmosis, rickettsiosis) identification using PCR techniques in domestic animals and ticks collected from both domestic animals and vegetation in private and public areas. Molecular identification of bacteria, parasite species. Animal paternity testing using microsatelite markers. Identification of genetic diseases in domestic animals. • SP „PROBIOMAS“.Functional food and beverages. Microencapsulation of probiotic bacteria. New product development: functional frozen yoghurts, ice cream, chocolate covered curd bars, gummy candies, chocolate, meat, juices and mineral water.

  10. INOVEKS Startups (2) • SP „ROBOTIZUOTOS ĮRANGOS PROJEKTAVIMAS”.Environmentally friendly robot development that would help users to perform their daily tasks. The robots would be little dependent on external resources. • SP „ABELIA LT“. The idea is to set up a laboratory for the analysis of biological resources to carry out such investigations as heavy metals in water, soil and plants, and volatile organic compounds; dissolved ions in the water setting; total carbon and nitrogen content in soil and liquids. These tests will be carried out not only on scientific grounds, but will be open to the public.

  11. INOVEKS Startups (3) • SP „BIOVALA“.Fitocleaning is a new, low - cost technology that uses unique characteristics of the plants to collect pollutants, promoting their degradation or transformation. Methods of fitocleaning such as fitomining can be economically viable and cleaning products can be obtained by market value. • SP „GALVAIDA“.Biodegradable waste will help create fertilizer; recycled materials will help create the conditions for the production of fertilizers. These fertilizers will be sold or used in perennial fruit crops.

  12. EEN Network – Quick facts 600 local contact points in 54 countries(EU 27, candidate countries, European Economic Area countries, other third countries), 3.000experiencedstaff. 18 teams of experts in different industry sectors from intelligent energy to nanotechnology. Over 11.000 client companies. …leading to more than 16,000 technology transfer negotiations, resulting in 4,000 clients signing ‘deals’ since 1995.

  13. EEN Networkin Lithuania Coordinator: Lithuanian Innovation Centre Kaunas Chamber of Commerce, Industry and Crafts Partners: Kaunas Chamber of Commerce, Industry and Crafts Klaipeda Chamber of Commerce, Industry and Crafts Vilnius Chamber of Commerce, Industry and Crafts LIC All Chambers Technology partnership building Commercial partnership building

  14. The Network: Services • Information, feedback and international business cooperation services; • Innovation, Technology and knowledge transfer services; • Encouraging SME participation to the FP RTD programme.

  15. “Technology marketplace” – matchmaking system. Matchmaking Events. Thematic groups. How do we do?

  16. Technology marketplace Daily updated database available to 3000 technology brokers and 11.000 companies • Designed for efficient exchange of technology profiles • Not only for offers, requests as well • Profiles stored in searchable database • More than 4000 technology offers • More than 1000 technology requests • Automatic matching of profiles www.tech-market.lt

  17. Information instantlyavailable: • Technical details, specification; • Novelty, uniqueness explained; • Stage of development (lab tested, available for demonstration, already on the market etc.); • Patent Rights (applied, patent(s) granted etc.); • Expectation towards cooperation type (technical consultancy, joint further development, license agreement etc.); • Expectations for the partner: • Type of partner sought • Specific area of activity of the partner • Task to be performed by the partner sought www.paramaverslui.eu

  18. Type of the action: • Passive : • Monitor technology profiles (e-mail subscription); • Search for the technology profiles online. • Active: • Propose your solutions to the network; • Insert your offer/request; • Present your offer/request during the matchmaking event.

  19. Matchmaking Events The purpose of the brokerage event is to enhance opportunities for companies to explore and find partners. Usually organized in the framework of the well known fair (CeBit, WMC etc.); face-to-face meetings with the potential partners; Individual agenda for every participant; Highly “condensed’ meetings schedule.

  20. Matchmaking Events. Facts and figures CeBIT 2015: 3300 companies participants 70 countries represented 350 startups participated MWC 2015: • 2100 companies participants • 200 countries represented • 450startups participated • 5000+ Matched meetings

  21. Thank you for your attention!!! Breslaujos str. 3B, Kaunas Tel. (8 ~ 37) 491049 Faks. (8 ~ 37) 49 10 55 El. p. a.mickus@lic.lt www.paramaverslui.euwww.tech-market.lt

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