The overall goal of the LTC 2020 project is to contribute to strong sustainable growth in the region’s small and medium-sized technology companies by transferring and applying valuable competences from the university as well as initiating R & D work and other innovation processes in companies. The aim of the project is to develop and consolidate LTC to become a technical innovation and competence centre that greatly equips the small and medium-sized technology companies in the Linnaeus region by meeting their needs for expertise and research resources. LTC will consist of a hub at Linnaeus University in Växjö and at least four strategically placed physical nodes/innovation environments that successfully promote skills development, collaboration, renewal processes and innovations at technology companies in the Linnaeus region. Operations at LTC will also mean important method development for Lnu in the work with external relations. LTC can ultimately serve as the good example for other faculties that need to develop active and fruitful corporate relationships.