The main goal of BASTIC has been to bring and keep together the corresponding institutions in the three Baltic States, remaining in the same time as informal as possible. Organisationally BASTIC accepts the principles and goals of the International Association of Science Parks, as well as those of the SPICE Group and European Business and Innovation Centres Network. The most outstanding events organized by BASTIC are annual international conferences on innovation “BALTIC DYNAMICS”. This tradition was incepted in 1996 and the conference venue is rotated in the following order: Estonia, Lithuania and Latvia.