LTC and IBM have signed six agreements on cooperation in the fields of health and nanotechnologies.
Deputy Economy Minister Adomas Ąžuolas Audickas expects that Lithuania and the European Commission will agree on a new financing scheme by the summer, giving the project the much needed momentum.
Tomas Derzanauskas, CEO of LTC, said that more than 90 scientists have already been engaged in the project and that the first patent registration procedure has been started.
The government and IBM signed a agreement on the establishment of the research center in the autumn of 2010. It was said then that 200 million litas (EUR 58 mln) would be provided to the center over five years, or 40 million annually, of which around 130 million litas was to be paid to IBM for patenting and consultations.
