The Minister of Economy and Innovation, Aušrinė Armonaitė, has appointed the members of the Board of the new Innovation Agency Lithuania for a four-year term of office. The Board will be composed of seven members: three delegates from government departments and four independent members.

She says: ‘To move towards a high-value economy and to transform the economic system of Lithuania as a whole, we have taken bold steps by reorganising the entire public sector innovation ecosystem and establishing the Innovation Agency. Today, we have further strengthened it by bringing together a true team of professionals who will help envisage the strategic steps towards building a next generation public sector organisation and growing globally competitive and innovative businesses’.

The four independent members of the Board of Directors are: Justina Klyvienė, Founder and Managing Partner of the innovation laboratory Future Leadership; Agnė Paliokaitė, Founder and Head of the research institute Visionary Analytics; Paulius Vertelka, Head of Google Public Policy for the Baltics; and Žilvinas Pakeltis, an experienced international development manager with over 20 years of experience in multinational and domestic companies.

The three members from government departments are: Vice-Minister Eglė Markevičiūtė (Ministry of Economy and Innovation), Vice-Minister Egidijus Meilūnas (Ministry of Foreign Affairs) and Vice-Minister Gintautas Jakštas (Ministry of Education, Science and Sport).

The Board of Innovation Agency Lithuania will consider and submit proposals to the general meeting of shareholders on the long-term strategy, strategic directions and action plans, as well as on other actions needed, for example to achieve Agency’s objectives and to increase the efficiency of Agency’s activities.

Innovation Agency Lithuania, which was launched in early April, is responsible for the Lithuania’s innovation ecosystem and for promoting innovation at all stages of business development. Agency is responsible for providing entrepreneurship, export and innovation promotion services to businesses and will administer a range of business support measures with a total value of more than EUR 500 million over the next few years.

Innovation Agency Lithuania was established on the basis of Enterprise Lithuania and the Lithuanian Business Support Agency (LBSA), and by consolidating the functions of innovation activities previously carried out by the Science, Innovation and Technology Agency (SITA).

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