Three Lithuanian companies start cooperating with Taiwan

On Wednesday, Lithuanian developer of the internet of things Teltnoika IoT Group, solar panel manufacturer SoliTek and biotechnology startup Oxipit held an event presenting the start of cooperation with Taiwan.

SoliTek will receive a EUR 8 million credit line from the Export-Import Bank of the Republic of China (Eximbank), whereas Taiwanese venture capital firm Taiwania Capital will provide Oxipit EUR 3.5 million from its USD 200 million investment fund for investing in Central and Eastern Europe.