The Hub focuses its activities within the Life Science and ICT sectors which were identified as having unique synergies between
Israel and Lithuania
Lithuania’s life sciences industry has sky-rocketed over the last two decades and is now regarded as one of the most advanced in Central and Eastern Europe (CEE). Lithuania is perfectly located at the heart of Europe, with world class ICT infrastructure and a dedicated, highly qualified talent pool. Globally recognized brands such as TEVA, Thermo Fisher and Valeant pharmaceuticals now call Lithuania home.
Israel's thriving life sciences industry is world-renowned for its groundbreaking innovations, ingenuity and creativity. It is home to about 1,000 life science companies, with an average 40 new companies being formed each year. Multinational companies including J&J, Perrigo, GE Healthcare and Phillips Medical, together with local companies such as Teva, Given Imaging, Insightec, Medinol, and others have been at the forefront in the development and marketing of life-changing medical devices, treatments and medications.
Information and Communication Technologies
Lithuania has the largest ICT industry in the Baltic States with world-leading broadband speeds and the most advanced ICT infrastructure in the CEE. Lithuania has secure its leading position as a regional centre of excellence for smaller software and gaming start-ups, and larger ICT operations. IT services have been among the fastest growing industries in Lithuania during the past few years. This substantial growth in the Lithuanian IT services exports resulted from growing foreign investments in Lithuanian IT sector. With tech-savvy talent pool, business friendly environment and record in technological excellence, Lithuania offers the perfect "cost competitive" go to market for all companies in search of quality ICT competencies and services.
Israeli companies have traditionally been at the forefront of the global ICT. Over 66 years of innovation in civilian and military applications have resulted in the emergence of several world-renowned Internet, IT and communications powerhouses in Israel, along with hundreds of smaller tech companies and over 1,000 active Israeli communications start-ups. Companies such asVocalTec, Comverse, NDS and Alvarion have changed the face of global communications: voice over IP, voicemail, conditional access, instant messaging and Mobile WiMAX are all attributed to Israeli research and development.