startup

De-industrialisation was the most painful for older workers. The employment service has directed these men to do community service at the local water supplier (photo by Dalia Mikonytė)
Society

Creativity and boredom in a Lithuanian town coping with globalisation

December 17, 2015 Daiva Repeckaite 0

Having joined the eurozone this year and successfully advertised its natural and urban wonders, Lithuania has become a new darling of international travel ‘listicles’. Its brushed-up capital, ambitious start-ups and emerging foodie hotspots make many visitors wonder if this is really one of the poorest countries in the European Union. Much of the country’s hardships, however, have been cushioned by de-industrialised peripheral towns – like Alytus. Having lost most of its industries, the town is looking for new, global inspiration. […]

Mantas Radvila
Economy

Lithuanian game developer with 30m users aiming to triple revenue in 2015

August 12, 2015 DELFI EN 0

With over 30 million downloads worldwide of their game development platform, Kaunas-based TutoTOONS is going from strength to strength. Established as a start-up two years ago by two Lithuanian game developers, the company now has 15 staff in Kaunas and Barcelona, and has ambitious plans for further expansion. One of TutoTOONS’s founders, Mantas Radvila, makes no secret of the fact that he had a chance to settle in the US and develop his business there, but chose Lithuania instead. DELFI, a Lithuanian media network, caught up with Mr Radvila to discover the reasons behind this decision, and what the secret of the company’s success is. […]

Economy

Former head of Skype Tallinn: Vilnius is among Top 10 cities for startups

July 28, 2015 DELFI EN 0

The former head of the Skype office in Tallinn, who established a start-up helping other start-ups find the best place to develop their businesses, has noticed that Vilnius distinguishes itself among other European cities for its suitability for developing new business. […]

Darius Maikštėnas
Economy

Lithuanian startup Widerfi enters world’s largest accelerator

May 28, 2015 Lithuania Tribune 0

Widerfi, a startup established in Lithuania and formerly known as Cheap Data Communications, has joined MassChallenge – the World’s largest accelerator, and will compete for 500 thousand pounds and 1 million dollar prizes at the end of the year. Widerfi offers a new mobile internet model for travellers and is the first Lithuanian startup to participate in the accelerator which will be held simultaneously in Boston and London. […]

No Picture
Economy

Lithuanian startups attracted EUR 46m investments in 2014

February 5, 2015 ELTA EN 0

Disproving the widely popular opinion, startups in Lithuania are no longer a sphere for students. The number of entrepreneurs with higher education has doubled in the last two years, while their average age has increased by two years. […]

No Picture
Economy

Top 8 Lithuanian startups to watch next autumn

August 8, 2014 the Lithuania Tribune 0

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. […]