Today, the Lithuanian startup ecosystem, which has been demonstrating rapid development rates for some time and can boast of successful results. According to the “Startup Lithuania” database, the number of innovative businesses registered in Lithuania […]
Last year, the Startup Visa received 178 applications of foreign companies for participation in the programme and business development in Lithuania, or 41 per cent more than in the first year of the programme, a press release from Startup Lithuania states. […]
In 2018, the Lithuanian startup community achieved the record-breaking results, i.e. attracted EUR 70 million in investments from abroad and Lithuanian investment funds. At the same time a legal basis for a better business environment was being developed for innovative Lithuanian business, what will determine a more significant breakthrough of the Lithuanian startup ecosystem next year, a press release from Startup Lithuania states. […]
Today the globe experiences a massive penetration of information technologies and artificial intelligence into the business environment – automated processes or voice command devices are a present-day trend. Lithuanians are also actively heading their way in these fields – according to the latest data of Startup Lithuania, 81 per cent of new startups are established in the IT field at hackathons. […]
During the Hacker Games hackathon that took place in Vilnius last December, the team that created the Mushrooming game were declared the winners in the gaming league. This autumn, the game was nominated as one of the best games in the mobile application category. The Lithuanians managed to stand out in the highly competitive gaming industry by implementing an unexpected and ingenious solution, a press release from Startup Lithuania states. […]
Startup Lithuania, a team of Enterprise Lithuania, a government agency to assist startups in Lithuania, relocates to the biggest startup hub in the Baltics and Nordics, soon to be launched in Vilnius. The decision to move part of the government agency closer to startups themselves clearly represents Lithuania’s aim to emerge as the leading startup-friendly ecosystem in the Baltic region. […]
The innovative fund-of-funds investment initiative – the Baltic Innovation Fund (BIF), dedicated to boosting equity investments made into Baltic enterprises, launched by Lithuania, Latvia and Estonia and the European Investment Fund (EIF), has been increased. The EUR 30 million increase of BIF is expected to translate into an additional EUR 100 million of private equity and venture capital funding available in the Baltic States over the next 5-7 years, Startup Lithuania reports. […]
Forbes has included Lithuania in its list of five places to watch for tech investors. […]
In autumn, some new stars may begin to shine in global startup ecosystem. This year, Enterprise Lithuania, public agency, and community Startup Lithuania are continuing the successful Startup Lithuania Roadshow, which was launched last year. As part of the project, the country’s most promising startups will travel to San Francisco, Tel Aviv, London, Dublin and Helsinki in autumn to look for investments. […]
“A few of the 15 Lithuanian startups I have mentored have a really good prospect of raising funding from international investors,” says Christian Thaler-Wolski, investor and mentor. Last week he came to Vilnius from Germany to teach Lithuanian startups what topics should be covered when talking to investors and how to prepare your best one-on-one pitch. […]
Following a clearance by the Bank of Lithuania, WoraPay, a Lithuanian startup offering mobile payment services, will continue to expand in Central and Eastern European, invest in technology, and add new mWallets and sellers to its payment infrastructure platform, Startup Lithuania informs. […]
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