Knowledge Factory – the largest IT event in the region has opened its doors in Podgorica, at the University of Donja Gorica, as a central event of the Open Science Days in Montenegro. Knowledge Factory was opened by the Deputy Prime Minister of Montenegro for Economic Policy and Minister for the Information Society, Prof. Dr. Vujica Lazović. He said that the level of computer literacy in Montenegro is below the European standards, but there is a good basis for further development of information technology. He said that the number of computer and internet users is large, stating the necessity of changing the way they are used. IT economy affects all aspects of country functioning, and intense technological development as well as accepting the inevitability of economic and social progress is determining the overall development of Montenegro as a modern state.