The Growing Desire of Business to Cooperate with Institutions of Higher Education
In July 2014 the end of the call for applications under the European Union (EU) structural funds Inočekiai LT measure ended. Within two months, nearly 950 applications were received from small and medium businesses that wanted to get innovation vouchers and with them to purchase services from research and academic institutions. Applications requested EU funding amounting to more than 14.6 million LTL. Support for innovation vouchers is provided for applied research, technology development, and technical feasibility studies.