Three Lithuanian companies will develop new products using technologies developed by CERN. The final of the first call of the Lithuanian Business Incubation Center of CERN Technology (Lithuanian BIC of CERN Technologies) took place on Sep 2, 2020, the selection committee of which decided that all three participants in the final are suitable to develop new products based on CERN technologies and participate in a two-year incubation program. Innovative, progressive, technological companies won the competition: manufacturers of 3D electronic printing tools Cyber POD (acting in a form of small partnership), developers of electronic olfactory technology JSC Volatile Technologies LT and developers of educational software for children JSC PaulaiTech.
More than twenty ideas were submitted for the competition, which started in December last year. In the subsequent selection phase, three finalists were selected, whose projects were identified as the most suitable for adapting the technologies and accumulated competencies developed by CERN. “The victorious start-ups are receptive to the knowledge created by CERN due to their multidisciplinarity. They have found a way to benefit from CERN in developing their innovative ideas. Today, these start-ups have won the opportunity to work closely with CERN specialists and an opportunity to develop products that will have an impact for society,” – says Dr. Adomas Jelinskas, Coordinator of Lithuanian BIC of CERN Technologies.
The startup Cyber POD, established by Einius Okunevičius and Andrius Mironovskis, will revolutionize the 3D printer market by introducing a cheap and user-friendly printer that is capable of printing electronic circuits. Such a printer will reduce the cost and facilitate the work of professional and amateur electronics engineers in creating electronic prototypes. Adomas Malaiška and Lucas Lopez with their start-up Volatile Technologies LT will introduce electronic olfactory technology to the food industry, which will allow food producers to ensure high product quality. Such technology will replace the professional tasters and chemical laboratories currently used in industry. PaulaiTech, established by Monika Paulė and Žymantas Paulas, will introduce an innovative educational app for children to the educational tools market. This app will teach children the formal and natural sciences in a fun and engaging way, presenting information in the context of the CERN laboratory.
The first start-ups of the CERN Business Incubator in Lithuania are very diverse and pragmatic. ” I am really pleased that the first startups in a new program represents such diversity in technology, field of application, different stages of maturity, and more importantly, gender representation. I strongly believe this diversity is a good indicator of the rich entrepreneurial ecosystem in Lithuania. We look forward to working with all first cohort of startups and to our partnership with the Lithuanian startup ecosystem,” – says Ash Ravikumar, Entrepreneurship Development Officer at CERN Knowledge Transfer Group.
Each winner of the CERN Incubator program will settle in the incubator for a period of two years, receiving up to 40 thousand euros financial support and up to 40 hours of free consultation with CERN experts.