Business valleys: The organisation and management of the valley development


The development of integrated science, studies, and business centres (valleysThe organisation and management of the valley development. The Concept emphasises the science and business collaboration this is evident in the following valley development goals. The Commission of the Valley Development was formed in 2007 by the order of minister of Education and Science and minister of Economy in order to coordinate the realization of valley development. Its functions are as follows. In the 2007 Conception was stated that the carrying out of valley programs will be coordinated by Valley boards (separately in every valley), but they were not formed.


The concept of establishment and development of integrated science, studies, and business centres (valleys) (hereinafter – The Concept) was verified in 2007. It states that the valley is a science research, studies, and receptive to knowledge business potential (the whole of subjects), which is concentrated in one territory, has a common or interrelated infrastructure, and purposefully contributes to the creation of knowledge society and knowledge economy and the strengthening of Lithuanian economic competitiveness.

The Concept emphasises the science and business collaboration; this is evident in the following valley development goals:

To provide a favourable environment for transferring the scientific knowledge and technologies into business;

To set up centres for inducing interaction between science research, science and studies, and receptive to knowledge business.

The Commission of the Valley Development was formed in 2007 by the order of minister of Education and Science and minister of Economy in order to coordinate the realization of valley development. Its functions are as follows:

To assess the visions and draft programs of valley development;

To submit proposals to the Ministry of Education and Science (MES) and Ministry of Economy (ME) on preparation of valley development visions and valley development programs.

  • Business & Entrepreneurship Individual works
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  • 3 pages (1101 words)
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Business valleys: The organisation and management of the valley development. (March 17, 2018). https://documents.exchange/business-valleys-the-organisation-and-management-of-the-valley-development/ Reviewed on 18:33, June 23 2021
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