Groups of applied scientific work:
Direction of applied research:
|Applied research in teaching innovation and technology||· Digitisation of teaching (technology-based learning);
· Teaching innovation (project-based learning, experiential Team Academy);
· Competency research.
|Applied business research||· Applied business development research;
· Market research;
· Research on marketing strategies;
· Logistics process/service development.
|Applied research in computer science||· Research on technology and human interaction;
· Artificial intelligence solutions for higher education;
· Financial technology and blockchains.
|Applied research in humanities||· Research on linguistic strategies and linguistic expressive devices;
· Research on the application of the English language in business communication.
Finding clients for a newly established company, where the employees are students, is not such an easy task, so when Team academy students Haroldas Barauskas, Mantas Lapinis and Kasparas Mišinas realised that they had their first major client, their joy was endless. “iSnacks” is the name of the company that trusted the students’ skills and dedication. It is a company that provides self-service shops and vending machines. It approached the students with a list of specific jobs and an estimate.
“After taking the list, the whole team sat down and went through each item, checking what we needed to do and how, as well as whether we could do it at all. This was one of our more serious projects, because we had to do more than one task. We realised that everyone would have to do their part, so the work had to be divided up and we had to clearly agree among ourselves,” recalled student Mantas Lapinis.
The tasks that awaited the team included creating a website, designing self-service shops, promoting the service, designing layouts, taking photographs, etc.
UAB „Saulės grąža“
For this company, Vilnius Business College students carried out a market research project. At the client’s request, they researched solar energy companies based in England and Ireland.
We interviewed Deiminta Noreikienė, “Saulės grąža“ Marketing Manager. What did she expect before hiring students for the project, what results did she get and what surprised her?
Watch it down below!
Development of INO-PAY, a payment platform based on innovative technologies
“Systems Integration Solutions”, which develops financial technologies, together with its project partner – Public Institution “Vilnius Business College” – has started to implement the project “Creation of an Innovative Technology-Based Payment Platform INO-PAY” under the measure “Experiment” of Priority 1 of the Operational Programme for Investment of the European Union Funds, for the period 2014-2020 of “Promotion of Research, Experimental Development and Innovation”. The project is co-funded by the European Union Structural Funds, the company and the partner. The total project budget is EUR 805 493,93. The European Regional Development Fund allocation for the project amounts to EUR 498 298.57.
The project will carry out research and experimental development activities to develop the world’s first Blockchain technology, a platform combining Request-to-Pay standardisation and eDelivery solution. The solution under development will fundamentally change the way payment data is transmitted and managed. INO-PAY will not only reduce the cost of financial transactions for companies but will also ensure the convenience and security of financial payments, the ability to track financial transactions and verify their content, the ability to manage payments, thus controlling cash flow, and the visibility of all the documents related to the payment.
The INO-PAY solution also reflects global trends (as well as long-term national challenges): promoting innovation in the financial system is one of the strategic directions of the European Commission (including Lithuania). The product developed under the project will also contribute to the competitiveness of Lithuanian and European businesses – the innovative platform will be available not only to Lithuanian users, but also to users in other EU countries.
The project is expected to be implemented within 24 months.
More information about the project:
Development and Commercialisation of a Support System for Knowledge and Achievement Assessment Based on Artificial Intelligence Miscanthus-20
Vilnius Business College together with its partner – “Miskantas” – has started the implementation of the project “Development and Commercialisation of a Support System for Knowledge and Achievement Assessment Based on Artificial” under Priority 1 of the Operational Programme of European Union Funds for 2014-2020 “Promotion of Research, Experimental Development and Innovation” under the measure “Promoting the Commercialisation and Internationalisation of R&D Results”. The project is funded by the European Union Structural Funds. The budget of the project is EUR 99 953,64 (EUR 99 953,64 from the European Regional Development Fund).
The project will carry out experimental development activities to develop, test and evaluate the final prototype and pilot version of an AI-based knowledge and achievement assessment support system. The system to be developed by Vilnius Business College and partner researchers will be the world’s first knowledge and achievement support system automating both closed and open-ended question assessment, going beyond the assessment of achievement in a specific subject area and providing feedback to both the test taker and the test subject.
The idea of the project is in line with both global and national objectives – promoting innovation in education and the development of innovative products based on artificial intelligence is one of the strategic directions of the European Commission (including Lithuania). The product developed within the project will also contribute to the competitiveness of Lithuanian and European businesses – the innovative system developed in cooperation between research and study institutions will be commercialised after the implementation of the project and will become available not only to Lithuanian consumers, but also to consumers in other European Union countries.
The project is expected to be implemented within 15 months.
More information about the project:
Dr. Alytis Gruodis, Chair of the Research Ethics Compliance Committee of Vilnius Business College (Research Fellow, term of office 2022.08.23-2025.08.23)
Applied Business: Issues & Solutions is a new international journal published by Vilnius Business College and Marius Jakulis Jason Fundation. Open journal in English will be published twice a year and will cover publications on these topics: applied business solutions, business process modelling, programming for FinTech, education innovation (EduIno) technologies, advanced programming.
Applied Business: Issues & Solutions is available online only and is dedicated for both academic and general public.
“In the published articles, the business will find applicable ideas that are still being developed or are already successfully operating elsewhere. The academic community now has a possibility to publish publications of applied nature, in which an interdisciplinary symbiosis of informatics, management, economics, education and communication has been realized.
By the way, articles in English can be submitted not only by academics, but also by any active person with something to say. It is important that he has interesting ideas, has the ability to evaluate and is able to share insights,” stressed the editor of the journal, dr. Alytis Gruodis.
Click here if you want to read the articles:
You can reach journal by pressing this link: http://applied-business-solutions.eu/