DPT PRAMONEI LT+: PROJECTS ARE SUCCESSFULLY COMPLETED; EU INVESTMENTS ARE PAID OFF
Launched six years ago, this measure is one of the few where projects financed by these funds have been completed and EU investments have been paid off. Sixty-five applications were received during the two previous calls, and thirty-seven projects were selected through a tender with a total value of EUR 41 million. The investments under the ‘DPT pramonei LT+’ measure amounted to EUR 15.3 million and the remaining portion was the companies’ own contribution.
‘The transformation of traditional industry through robotisation of processes and the production of innovative products using nanotechnologies means both faster processes and significantly higher efficiency. This has been demonstrated by businesses that have introduced high-impact technologies and continue to modernise under other EU instruments’, says Agnė Vaitkūnienė, Director of Investment Management Service and Acting Director of the Innovation Agency.
According to Vaitkūnienė, the measure ‘DPT pramonei LT+’ was implemented smoothly; all consulting and practical assistance to project implementers was promptly provided by the specialists of the Innovation Agency (formerly the Lithuanian Business Support Agency [LBSA]), therefore both donors and beneficiaries were satisfied with the results.
Modern ropes, new medicinal products
‘The LBSA has become an icebreaker for the development of Printela. If it wasn’t for the agency’s support, we probably wouldn’t have carried out our first major digitisation project in 2018’, admits Valdas Bukšnys, Head of UAB Printela.
In 2017, the company initiated a project to invest in modern digital printing technology. After receiving EUR 1.4 million in funding under the measure ‘DPT pramonei LT+’, Printela purchased a flexible packaging production line, which had not been used in Lithuania before, consisting of a digital printing unit, and laminating and cutting machines.
UAB Duguva, which is based in Rokiškis, has invested EUR 87,000 in the project and started producing ropes, the advantages of which are related to the properties of extremely high molecular density polyethylene. Due to their extremely high strength, lightness, durability, low elasticity, resistance to water, acids, alkalis, ultraviolet rays and many other chemicals, they are safer and less polluting.
Two projects under the measure ‘DPT pramonei LT+’ were implemented by UAB Novameta, a manufacturer of non-standard stainless-steel equipment for professional kitchens. With a grant of EUR 1.3 million, the company has developed a complex, advanced system consisting of robotics, modern equipment with innovative features and a new internal structure. Laser machines for pipe cutting, sheet cutting and metal folding were also purchased. The company recognises that without EU financial support, the company’s ability to acquire modern equipment would be financially more difficult to bear.
The biotechnology company UAB Froceth, which manufactures advanced therapy medicinal products individually tailored to each patient, has acquired industrial biotechnology equipment, which has allowed it to expand the range of products under development, start mass production and thus expand its activities.
ESEMDA, VEIKA, Terekas, TRATE and other companies have also successfully benefited from the funds of the ‘DPT pramonei LT+’ measure and have adopted advanced technologies with the aim to expand and be competitive and, in some cases, unique in the market.
Support – like a ticket to the future
According to Sigita Skrebė, Head of Business Productivity Projects Division of the Innovation Agency, the measure has encouraged companies to bring innovative products to the market, which has not only contributed to the companies’ progress, but has also given consumers the opportunity to buy new products.
‘It is good to note that high-impact technologies are being applied in a wide range of areas, from the production of braided ropes or windows to composite materials or high specificity recombinant proteins’, comments Skrebė.
Thirteen metal product manufacturing and processing companies, five machinery and equipment manufacturing companies, four plastic processing companies, three electronic manufacturing companies and two wood processing companies received funding under the now-expired measure. Funding was also provided to companies manufacturing pharmaceuticals, orthopaedic appliances, games and toys, non-domestic cooling and ventilation equipment, ropes and nets, paper and board products, and components for wind farms.
*The Innovation Agency was established on the basis of the Lithuanian Business Support Agency (LBSA) and the Agency Versli Lietuva, and by consolidating the functions of innovation activities performed by the Agency for Science, Innovation and Technology (Mokslo, Inovacijų ir Technologijų Agentūra – MITA).