Edinburgh Napier and Scottish based Baltic specialists Cormack Consultancy Baltic (CBB) have joined forces to launch a new business incubator aimed at helping technology businesses from the Baltic States access the UK markets.
The group plan to open a similar facility in Lithuania in the coming weeks to support Scottish businesses looking to work in the Baltic markets. The incubator will be based at the Institute for Product Design & Manufacture in Livingston, and will offer office space and a range of support services to Baltic companies wanting to operate in the UK market.
Professor Ian Hunt from the Institute for Product Design & Manufacture said: “The transition from national to international business is an exciting and challenging step. The Institute has been working in the Baltic States with Cormack Consultancy Baltic for a number of years, and we understand there are potentially world beating technologies there and we want to help those companies internationalise their businesses through working and developing partnerships in the UK. We also know that there will be equally exciting opportunities for UK companies looking to develop R&D and internationalise through the Baltic States, tapping into the major new Lithuanian ‘Valley’ initiative. The creation of the Scottish Baltic Enterprise Centres (BSEC) is a first step to cementing the business relationship between Scotland and Latvia and Lithuania.”
The new incubator Centre was officially opened by Professor Robin Mackenzie, Vice Principal Commercialisation on 28 April 2011 and was attended by Mr Daumantas Lapinskas the Vice Minister of the Ministry of Economy in Lithuania who welcomed the creation of the incubator, saying: ‘I am delighted to support this initiative. We see close links with the UK and Scotland in particular as very important to the development of the Lithuanian economy, and we hope that these incubators will foster closer business co-operation.”