Kurkime modernią Lietuvos ateitį kartu
Registruotis
Invest Lithuania
Identification of effective regulatory measures for fostering innovation, creation and development of new technologies
Problem
The 2024 European Innovation Scoreboard (EIS) classifies Lithuania as a moderate innovator, ranking the country 18th out of the 27 countries in the EU. According to Global Innovation Index (GII) 2024, Lithuania is in line with its level of economic development being in the 35th place globally. These rankings show an overall positive outlook for the country. However, Estonia – a fellow country from the Baltic region, ranks 11th and 16th respectively and thus shows that more ambitious results are possible.
The Lithuanian innovation ecosystem seems to do well in many areas necessary to spearhead innovation such as good financing for startups and scale-ups and high unicorn valuations, showing ability to grow well-performing businesses (GII, 2024). However, the more concerning factors are R&D expenditure and the declining number of enterprises introducing innovations, indicated in both EIS 2024 and the Lithuanian Innovation Agency report.
The New European Innovation Agenda, adopted in 2022, sets out to foster innovation through the use of regulatory sandboxes, test beds, living labs and innovation procurement. These measures are aimed at allowing enterprises to test out their solutions quickly, safely and easily (often without all the regulatory burdens) in order to reduce the time to market.
In Lithuania, such measures have also been implemented, with examples such as Lithuanian Bank regulatory sandbox, Energy innovation test bed, Ministry of Transport and Communications 5G sandbox and others that are being developed. It is essential to ensure that these and related measures effectively enhance Lithuania’s enterprise innovation capabilities in order to achieve Lithuania 2050 vision and become regional innovation leader.
Goal
The aim is to identify and recommend how and which regulatory measures would be most effective in enabling enterprises in Lithuania develop innovative products.
Project progress
2024/10/25
Analysis of good foreign practice
2024/11/12
Meetings with private and public sector stakeholders
2024/11/19
Company questionnaire analysis
2024/12/12
Current situation analysis and the case-study analysis to determine regulatory measures needs in the sector of choice
2025/02/14
Discussions of the proposed solution involving business, the public sector, and academia
2025/03/04
Validation of the proposed regulatory package
2025/03/06
Proposing recommendations and ensuring the continuity of the project
Result
