As a regional leader attracting investors in a variety of innovative fields, Lithuania has all the right attributes to support dynamic MedTech companies for rapid growth. It boasts a deep pool of STEM talent, and support for research is ongoing and future-focused.
On 19 September, the City of Kaunas hosted Baltic MedTech, the first medical technology conference held in the Baltics. The conference provided participants with first-hand insight into why the Baltics in general and Lithuania in particular are quickly becoming a hub for this rapidly developing sector.
The invitation-only event provided a great opportunity for each attendee to network with top decision makers and thought leaders from prominent healthcare and technology companies and research institutes. With its life sciences and technical universities famous for their cross-border products and relatively untapped MedTech potential, Kaunas seemed like the obvious choice to host the event.
Mindaugas SinkeviA?ius, Lithuaniaa��s Minister of Economy and MedTech speaker who delivered a welcome address at the conference, sees a lot of potential for Lithuania in this sector, stating, a�?The MedTech industry is playing a key role in Lithuaniaa��s economy. We are committed to fostering strong partnerships in the field of scientific research between universities and businesses, and to continue developing Lithuaniaa��s talent pool. This will not only allow us to create medical technologies that are used worldwide, but also to develop systems that will become the future of the healthcare industry.a�?