Close Menu
The London News
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Vimeo
    The London News
    Subscribe Login
    • Tech
    • Fitness & Health
    • Business
    • Finance
    • Food & Drink
    • Lifestyle
    The London News
    • Terms & Conditions
    • Privacy Policy
    • Advertise With Us
    Home»Business»Global Impact: Lithuania’s Innovation and Collaboration Drive Life Sciences Success
    Business

    Global Impact: Lithuania’s Innovation and Collaboration Drive Life Sciences Success

    EditorBy Editor1 September 2023No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Lithuania has, in recent years, increasingly raised its profile as innovative life sciences hub. Attracting international giants such as Thermo Fisher Scientific, the country has been making headlines worldwide due to its mix of strong local talent pool, high quality scientific research and public investments in the field. New mini documentary highlights Lithuania’s commitment to creating life sciences solutions of the global scale.

    The Lithuanian government has set out an ambitious goal – a 5% GDP contribution by 2030 – for the industry that proved its worth during the pandemic and continues to flourish amid intense international competition. Not only does it have ambition though, but it is steadily progressing towards its realization. Every year the sector grows by 30 per cent – a figure that few other countries in Europe can be proud of.

    “Lithuania’s life sciences sector contributes heavily to the growth of economy, generating around 2.7 per cent of GDP. The industry is supported by the government and all stakeholders from academia, business and government are invited to discuss the key areas that Lithuania wants to foster as a country”, – says Karolina Karl, Head of Life Sciences Team at Invest Lithuania.
    The close cooperation between actors of the ecosystem is one of the reason for success for the mutual benefit of all members and stakeholders. Creative collaboration takes place in Lithuania’s innovation ecosystem in a variety of ways, including coming up with ideas to solve problems and finding innovative ideas or technologies to do so.

    “We are proud to build global solutions right here, in Lithuania, as the industry knows no borders. It is a power of innovation and collaboration to address challenges that impact humanity on a global scale”, says Aušrinė Armonaitė, the minister of economy and innovation.
    According to Daumantas Matulis, the head of Life Sciences Center at Vilnius University, Lithuania’s life sciences industry still has a huge potential for further growth. It is mainly because of the strong scientific research base in universities – that are also a source of high-level specialists in the field – developed infrastructure and successful collaboration between business and science.

    Currently, more than 100 life sciences companies are operating in Lithuania. Among them is Caszyme – a name that receives increasingly more recognition internationally. Founded in 2017, Caszyme quickly became the rising star of Lithuania’s biotech industry with its focus on developing new technology based on Crispr for gene editing. As the industry propels forward, fueled by cutting-edge research, infrastructure, and successful partnerships, Lithuania remains resolute in its dedication to shaping a brighter future through the life sciences.

    Featured Photo by Justina Pakalnytė on Unsplash

    • Editor
      Editor
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleBeing a broker can lead to burnout and abusive behaviour
    Next Article When the menopause hurts
    Editor
    • Website

    Related Posts

    Sybron to open Midland distribution centre

    25 July 2025

    Doors 2 Floors to welcome customers as location re-opens following refit

    23 July 2025

    Cleanology launches fifth annual fundraiser to fight hygiene poverty

    22 July 2025

    Click it Flooring In design collaboration with Batley Multi Academy Trust

    15 July 2025
    Our Picks

    Purition Expands Range with Three New Products for Strength, Recovery and Everyday Nourishment

    30 July 2025

    Zapp announces the most expensive spirit ever listed for on-demand delivery in the UK: the £13k Beluga Epicure Series II by Lalique

    29 July 2025

    Sign up for Door’s 2 Floors #walk2help to raise money for Forget Me Not Children’s Hospice

    29 July 2025

    Self-proclaimed misogynist influencer Andrew Tate is beyond salvation, but his misguided followers can still find happiness with women, according to a world leading relationship guru.

    29 July 2025
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Our Picks

    Breath, Story, and Nature: Artist-Led Workshop in Holland Park Celebrates Love Parks Week

    28 July 2025

    An Icon, Reimagined

    15 July 2025

    Walthamstow’s hometipple welcomes award-winning chef Marie Mitchell

    11 July 2025
    Subscribe to Updates

    Subscribe to Updates

    Get the latest creative news from The London News

    Facebook X (Twitter) Instagram Pinterest
    • Terms & Conditions
    • Privacy Policy
    • Advertise With Us
    © 2025 by The London News.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.