The territory has been granted the status of an economic project of national importance.
Vilnius city council has established the VCIIP and determined that it will be operating until 2066.
Northtown Technology Park and Vilnius city municipality has signed the operating agreement of VCIIP.
The operator of VCIIP acquires the right to sign agreements with the investors.
VCIIP operator Northtown Technology Park changed it’s name to Northtown Vilnius.
Reaching the goals established in the resolution of the government of the Republic of Lithuania.
Signing contracts with the investors (23.92 ha).
Developing the VCIIP from 23.92 ha to 38 ha.
Developing the cooperation model between VCIIP innovative enterprises and supporting the favourable business environment to ensure the development of high value added products and growth of investment.
Vilnius City Innovation Industrial Park vision
– to mobilize investors developing innovative activities in the Park, in order to create conditions promoting the growth of innovative companies by reducing the costs of new product development and commercialization, using the resources necessary for the innovation, the value chain network, and the opportunities given by science and business clusters.
Vilnius City Innovation Industrial Park goal
VCIIP aims to strengthen Lithuanian innovation system and excel high-tech competitiveness by creating a functional R&D infrastructure and communications, thus increasing the attractiveness of the Park for foreign investment and innovative companies.
VCIIP development goals:
- To mobilize resources for innovation
- To create a value chain network
- To cluster science and business
- To develop park operator’s functions
Results to be achieved by the end of 2022:
Reach investment value of 7,253,362.
Establish 6 clusters.
Create 1000 job openings.
Attract 20 innovative SMEs.
Establish 2 research and study institutions or their branches.
Build 2,000 sq. m. business incubator.
Prepare and equip 3 ha and 1,000 sq. m. of public spaces.
Develop 2-3 new innovative products, technologies or obtain patents in line with the international level.
The territory is developed on the basis of the development strategy of the Vilnius City Innovation Industrial Park for 2016-2022.