Analytics, Education and Science, Good for Business, Investments, Lithuania, Technology

Based on the figures of Statistics Lithuania, most of R&D funding was allocated to higher education sector, 54.8% or LTL 628 million (EUR 182 million). Meanwhile, business sector received 25.4% or LTL 292 million (EUR 85 million) and government sector received 19.8% of funds or LTL 228 million (EUR 66 million).

R&D foreign funding in 2013 compared with 2012 increased by 24.6% or by LTL 84 million (EUR 24 million). Most of foreign financing came from the European Union funds redistributed via the state budget – LTL 305 million (EUR 88 million) or 71.7% of the total foreign funding.

In 2013 R&D spending accounted for 0.95% of GDP. In higher education and government sector this figure stood at 0.71% (in 2012 – 0.65%), whereas in business sector at 0.24% (the same as in 2012).