The registered projects have a wide spectrum of good ideas – electronics or information technologies, as well as creation of software and innovative application of already existing products. More than a half of the students, who participated at the consultations and events, organised by VGTU and NTP, are the authors of the presented projects.
The best projects with the most promising ideas are selected by a special commission: Doctor Jelena Stankevičienė, Dean of Faculty of Business Management of VGTU, Professor Artūras Jakubavičius, Project Manager of Lithuanian Innovation Centre, Audrius Zabotka, General Director of ,,Investments and Business Guarantees“, Benas Adomavičius, Board Member of “Credit info Lithuania“ and Sigitas Besagirskas, Director of the Department of Economy and Finances of the Confederation of Lithuanian Industrialists.
According to the organisers of TSIB, almost seventy per cent of all ideas, presented for the project, correspond to the definition of the technologically innovative ones, though the suggested ways of their practical application are different enough. Some applicants presented a business plan or prototype of a product under creation, others needed more consultations for the conception and development of their ideas or planning.
The aim of the TSIB is to promote cooperation between universities, science and technology parks and formation of joint expert teams, assisting students to purify their business ideas as well as establish and develop innovative technological enterprises. During the project it is expected to establish fifty advanced and creating high value added enterprises all over Lithuania, using the European Union structural funds‘ support of 9,6 million Litas.
The project TSIB is organised by the Agency for Science, Innovation and Technology together with the partners – eight universities and eight science and technology parks.