Vito Annual report 2022

The year 2022 is economically marked by an unseen inflation of 9.59 % and the energy cost has tripled. Yet VITO is again able to present a positive financial end result. VITO continues to grow in budget and staff. The relevance of VITO’s research is reaffirmed by the high success rate in acquiring new research projects, the start of 4 new spin-offs and new license agreements with industry in Belgium and abroad based on built VITO knowledge.