Sep 17, 2018 IN News

Innovation in focus for Lithuania's minister of economy

Last week, we had a noble visit from Lithuania’s Minister of Economy and Innovation, Virginijus Sinkevičius. Together with three colleagues they came to Sweden to seek lessons on innovation and entrepreneurship.

Lithuania is focused on offering a dynamic and innovative business environment and many international companies are currently assembling quality research and innovation teams in the country. The country has a strong and committed governmental support for R&D and a longstanding focus on developing highly educated talents.

The purpose of Mr Sinkevičius visit was to meet some of the leading Swedish technology companies to better understand the trends as well as look at partnership opportunities. We at LumenRadio are proud to be chosen for a visit together with leading companies in Stockholm and Gothenburg, together with Nasdaq and Volvo Trucks.

LumenRadio’s research and development department was in focus during the visit and Michael Karlsson, R&D Manager, explained:

“We are always looking to further strengthen our position when it comes to technology leadership and innovation. It was an honor meeting with Mr Sinkevičius and his team to talk about the future of IoT and hear about their initiatives within our field of technology. It really helps in getting a picture of what possibilities we have.”    

We are most impressed with the long-term vision, competence and passion LumenRadio team demonstrates. The IoT market is expanding rapidly and this company is well positioned to take a lead in secure wireless communication. Lithuania has a lot to offer in embedded software and hardware engineering fields, and we hope to partner in the future.”

said Virginijus Sinkevičius, who has been the minister of economy since 2017.