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For several decades, Norwegian business has been willing to choose Lithuania. The trend observed today shows that the companies of our country are also moving more and more boldly from the individual to the cooperative model, and it is in this Scandinavian country that investment is being sought.

It has been technology and communications that helped the society to stay operational and effective during the Covid-19 pandemic. During and afterwards, an increase in digitalization can be seen when speaking about work no matter if seen from a worker’s or an employer’s perspective.

Science, Innovation and Technology Agency (MITA) invites Lithuanian companies, who implement new information and communication technology solutions to participate in the Norway Grants program and receive an investment up to 1 million EUR. “The COVID-19 pandemic is not only a huge challenge, but also a unique opportunity for businesses to develop and market their digital services and products.

Lithuanian-Norwegian business cooperation aims to exchange experience, establish useful business relations and implement mutually beneficial projects. Bilateral partnerships open up opportunities for easier access to new markets, and cooperation often leads to new ideas for product development.

Interest in exploring and comparing the current situation of the welfare technology sector in Lithuania and Norway was triggered by the EEA and Norway Grants 2014-2021 Blue Book, where it is introduced as one of possible focus areas to be chosen under the Programme ‘Business Development, Innovation and SMEs’.

It is no secret that Norway is one of the ten greenest countries in the world. According to the United Nations' Good Country Index, Norway is the global leader in contributing to climate change mitigation. Innovative local businesses are developing green products and technologies and investing in businesses abroad, hereby making an important contribution to this result. What drives the sustainability of Norwegian business

Soon the call for proposals under a Green industry innovation, including bio economy, focus area of the Norwegian Financial Mechanism programme “Business Development, Innovation and SMEs“ will be open.

Norwegian wool producer Devold is implementing an unprecedented R&D project together with Factobotics, robotics company from Lithuania. An innovative Overhead robotic system will increase efficiency of sewing processes. The new solution is planned to be scaled and offered to other manufacturing companies.

Four out of five Lithuanian companies are still dominated by linear economy based on intensive use of raw materials and energy, and resulting in large amounts of waste. Uninterrupted need for resources creates dependence on imports, increases prices of products and services to the consumer, and reduces Lithuania's international competitiveness. Experts agree that there is potential to change the situation, but, in order to beco

The programme agreement for the Lithuanian Business development, Innovation and SMEs programme was signed on 27 September 2019