MITA

In many countries, clusters promote economic growth and employment. Clusters attract new technologies, qualified personnel, and investment in research. Co-operation between groups of enterprises, which allows reducing the cost of acquiring knowledge or technologies, creates more learning opportunities, allows the allocation of risk and costs of research and applied activities, encourages flexibility, and also helps to reduce the time of leading new products or processes to the market is becoming an increasingly important condition of succeeding in competition... At present time, 46 cluster initiatives are identified in Lithuania. Some of them are still at the embryonic stage or are presented only by groups of enterprises whose gathering was sparked by the desire to take advantage of the EU structural funds. Only a quarter of the identified clusters are being formed naturally, in developing new products or services through long-term co-operation and seeking to gain a bigger market..

Primary location: Vilnius