Established by the Ministry of Economy and Innovation and launched in April 2022, the Innovation Agency is responsible for Lithuania's innovation ecosystem and promoting innovation at all stages of business development – from developing ideas to delivering products to end-users. It will provide start-up and business development advice and international business development opportunities, build business competencies, provide access to finance and networking resources and connect co-creators of business services.
The Agency administers a wide range of business support measures. The focus is on promoting the internationalization of Lithuanian businesses, enhancing export competencies, finding new contacts and expanding the network of partners, and diversifying export markets to increase exports and competitiveness..
The Agency will employ more than 300 staff and have regional offices in 13 Lithuanian cities. It was founded based on the Agency Versli Lietuva and the Lithuanian Business Support Agency (LVPA). It consolidates the functions of innovation activities carried out by the Agency for Science, Innovation, and Technology (MITA).
