Lithuania allocates 9.9 million euros for 77 AI development projects

Lithuania is set to inject 9.9 million euros into 77 projects focused on developing artificial intelligence solutions, signaling a strong commitment to fostering innovation in the AI sector. The funding, formalized by an order signed by the Minister of Economy and Innovation, Edvinas Grikšas, aims to bolster Lithuanian companies in creating cutting-edge, market-ready AI products.

Minister Grikšas emphasized AI's growing importance as a competitive factor in the modern economy. "These investments will help Lithuanian companies create advanced, market-adapted artificial intelligence products and solutions, strengthen the innovation ecosystem, and promote the development of high value-added technologies in the regions," he stated. The initiative is part of the Economic Transformation and Competitiveness Development Program, specifically targeting small and medium-sized enterprises in their development of AI solutions.

The funded projects span a diverse range of applications. These include an AI-powered patient monitoring system, a solution for early Parkinson's disease risk assessment, an automated system for generating personalized orthopedic insoles, a smart learning platform, and a semantic AI assistant. A significant portion of the projects are geared towards transforming business and industry, with plans to develop smart manufacturing and robotics technologies, autonomous industrial process optimization tools, 3D printer farm management platforms, AI-driven parking systems, and information threat risk management solutions.

Additionally, funding will support projects in age verification, food product recognition, and other advanced technologies designed for broader market accessibility. The initiative is co-financed by the 2021-2027 European Union investment program and aligns with Lithuania's economic transformation plan "3i," aiming to boost AI solution development, commercialization, and the growth of advanced technologies within the country's businesses.

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DI becomes one of the most important factors of competitiveness in the modern economy. These investments will help Lithuanian companies create advanced, market-adapted artificial intelligence products and solutions, strengthen the innovation ecosystem, and promote the development of high value-added technologies in the regions.