KAUNAS REGIONAL INNOVATION CENTRE (KRIC) is a public non profit organisation aiming to promote innovation and entrepreneurship, technology transfer from research to business, and development of innovative companies in Lithuania.

KRIC is the first innovation centre in Lithuania that was established in 1994 as a department of Kaunas University of Technology. In 2003 KRIC was reorganised and became an independent public institution, founded by Kaunas County Governor‘s Administration and Kaunas University of Technology (KTU) Regional Science Park (former KTU Regional Business Incubator). In 2010 Ministry of Economy of Lithuanian Republic overtook the founder’s duties from Kaunas County Governor‘s Administration due to its reorganisation.

Having over 10 years of experience in monitoring innovation in science institutions, marketing new technologies, matching technology demand and supply, KRIC aims to activate technology transfer and business processes in the region. Thus the main activities of KRIC involve stimulating SMEs participation in national and international programs of innovation and SMEs support, organising various projects and events as well as providing training and technical support to improve their innovation management skills. KRIC is one of the two innovation centres currently operating in Lithuania that provide innovation support services to SMEs and play the an important role of intermediary between science and business.