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Economy

Lithuanian start-ups attracted EUR 70 million in investments in 2018, further breakthrough will be determined by environment improvement

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. […]

Economy

Startup idea trends: What direction are modern day innovative entrepreneurs taking?

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. […]

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Economy

What makes Lithuanians stand out in the global gaming industry

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. […]

Vilnius Tech Park
Economy

Boosting local startups globally at Vilnius Tech Park

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. […]

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Economy

Baltic Innovation Fund to make additional funding available for SMEs

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. […]

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Economy

Top 8 Lithuanian startups to watch next autumn

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. […]

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Economy

Christian Thaler-Wolski: Lithuania has 3 years to catch up with startup ecosystems in London or Berlin

“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. […]