Kaunas University of Technology and Practica Capital have signed a co-operation agreement.
Kaunas University of Technology (KTU) and Lithuania-based venture capital firm Practica Capital have signed an agreement to join forces on the development and commercialisation of services and products. The two new partners will also co-invest in early-stage companies.
As part of the agreement, Practica Capital will open an office at KTU’s integrated science, studies and business centre.
Practica is also awarding a scholarship of LTL5,000 ($1,800) to Mindaugas Badokas, developer of Desys. The product is a motion detector for the…