News

Record-breaking forces of Lithuanian laser professionals to be at the world's largest laser photonics exhibition
2019-06-21

Record-breaking forces of Lithuanian laser professionals to be at the world's largest laser photonics exhibition

On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most important laser industry event “Laser World of Photonics 2019“ in Munich. The Lithuanian National stand will cover an area of 313 square meters, and will house 18 Lithuanian laser companies.

Lithuania moved up to the 29th position in the World Competitiveness Ranking
2019-05-30

Lithuania moved up to the 29th position in the World Competitiveness Ranking

This year Lithuania is in the 29th position in the World Competitiveness Ranking compiled by the Swiss International Institute for Management Development (IMD). Compared to the previous year, Lithuania moved 3 positions higher upwards in the ranking leaving behind its neighbouring countries – Estonia (the 35th position, was 31st), Latvia (the 40th position, was 40th), Poland (the 38th position, was 34th).

New trends in the start-up ecosystem: the unicorns' aspiration is replaced by sustainable business
2019-05-14

New trends in the start-up ecosystem: the unicorns' aspiration is replaced by sustainable business

The question when the first unicorn with over 1 billion of US dollars in value will appear in the country raises speculations for some time in Lithuanian start-up ecosystem. And even though there are many, not the one, candidates in Lithuanian system of innovative business, an example of a successful start-up, as noted by Anders Lentell, one of the speakers at the event “Startup Fair”, Swedish investor and founder of technology start-up DynaByte, is not just a unicorn label.

Good News for Startups: Barriers Will Be Reduced to Attract Talent from Abroad
2019-04-29

Good News for Startups: Barriers Will Be Reduced to Attract Talent from Abroad

Lithuania will be launching ‘Startup Employee Visa’, a procedure for attracting, retaining and integrating foreign talents that will reduce barriers for the highly qualified professionals that startups need to come to Lithuania. This was established by the memorandum signed today by the Ministry of Economy and Innovation, the Ministry of the Interior and the Migration Department.

Startup Fair becomes an important impulse for start-up development
2019-04-23

Startup Fair becomes an important impulse for start-up development

Last year, at the international start-up conference Startup Fair, Oxipit“, a start-up operating in the field of medicine, was recognized as the best and most potential start-up. Then “Oxipit” was only making its first steps, but today it already boldly moves along the path to a practical medical system around the world. The search for the best start-up will also take place this year at the event Startup Fair on May 30th and 31st.

Foreign start-ups are increasingly choosing Lithuania
2019-04-17

Foreign start-ups are increasingly choosing Lithuania

From smart mattresses that help tracking and improving sleep quality to production of green energy – foreign start-ups with such innovative ideas are becoming increasingly bold in choosing Lithuania for the development of their business. During the first three months of this year alone 45 foreign nationals were granted permission to develop 18 innovative businesses in Lithuania through Startup Visa program.

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Success stories

The conversation with an old acquaintance has given rise to the international project of global significance

The conversation with an old acquaintance has given rise to the international project of global significance

Ingrida Olendraitė, a doctoral student at Cambridge University, an alumnus of Vilnius University, had little expectations that her meeting with an old acquaintance during Life Sciences Baltics will evolve to an international project together with the greatest minds in the field of virus research.

Lithuanian scientists aim to be at the forefront of the new breakthrough in medicine

Lithuanian scientists aim to be at the forefront of the new breakthrough in medicine

Lithuania has more than enough potential to become one of the leaders in the biotechnology field. This is the conviction of Agnė Vaitkevičienė, the head and the co-founder of the first and so far the only producer of individualised advanced therapy medicinal products (ATMPs) in the Baltic countries. According to her, medicines developed according to the needs of each patient are the future of medicine, to which Lithuania also contributes.

Business has more than one Everest

Business has more than one Everest

Origins of Lithuanian kids wear brand Mummymoon should be traced in Norwegian fjords, Vėjūnė Unikauskienė, Director of Trinity time UAB, company that owns this brand, joked.

Lithuanian experience of private medicine for Irish patients

Lithuanian experience of private medicine for Irish patients

The Medical Diagnostic and Treatment Centre operating in the capital of Lithuania for 22 years by now and boasting the good reputation is consistently assuring quality and improving it, it is an ongoing journey on the way of unconventional thinking, different approach, improvement of actions by creating the best value added for customers.

March Design Studio: how Lithuanian minimalism conquered one fourth of the world

March Design Studio: how Lithuanian minimalism conquered one fourth of the world

Abroad, in particular in Scandinavia, France, Italy, and even Japan, the March brand is considered to be the guarantee of aesthetics and quality.

Why Lithuania becomes a meeting place for science, business, education and research

Why Lithuania becomes a meeting place for science, business, education and research

Established in 2008, Santara Valley is now a rapidly expanding area of business intelligence, medical and research institutions where highly qualified employees and scientists create knowledge and products of the highest quality and are able to offer them to their partners all over the world.

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