British Alien Technology Transfer, funding advisory firm plans to open office in Vilnius Tech Park, Lithuania. It is going to be their first office in Central Eastern Europe.

Alien Technology Transfer is an independent public funding advisory that specialises in project financing, project management, and concept and business model development for innovative products and companies. Each year they raise over €40 Million on behalf of its clients.

The company has ambitious plans for its unit in Lithuania. “Our current goal is to bring 40 – 50 innovative start-ups to Lithuania per year between 2016 and 2020, and this target is sure to increase annually with every successful project“, explains Alessandro Rufo, Founder and CFO of Alien Technology Transfer. “When choosing a location for our first office in the region, we conducted a thorough analysis. This process revealed the clear competitive advantages Lithuania has to offer in terms of taxation, pricing, and labour costs.”

According to Mr Rufo, the company is hugely excited not only about the prospects in Vilnius in general, but also specifically about setting up in Vilnius Tech Park. The park is one of the largest and most complex start-up ecosystems in the region. “Vilnius Tech Park offers us excellent opportunities to foster strong relationships with future innovators.”.

Alien Technology Transfer also plans to offer exclusive services and support for current and future Vilnius Tech Park members. For overseas companies who chose to set up in the Tech Park, the company will offer free incorporation in Lithuania and free support for the development of their commercialization strategy.