Lithuania jumped to the 29th position in the World Competitiveness Index
Lithuania rebounded to its former highest place in the world competitiveness index published by the Swiss Institute of International Management (IMD). In 2022, it ranks 29th among 63 countries.
Innovation Agency Lithuania moving to a new office, the Agency head introduced
Innovation Agency Lithuania, established by the Ministry of Economy and Innovation based on best practices abroad, started operations. On Monday, at the opening event of the Agency’s new office, the head of the Agency, Romualda Stragienė, who has extensive experience in private business, was also introduced.
Startup Whelp wins the best startup title in the Startup Fair Pitch Battle competition
Last week an impressive number of startups and investors gathered at Startup Fair. Connect 2022, the long-awaited major international startup event in Lithuania, during which as many as 40 innovative businesses competed for the title of the best startup. Whelp, a startup founded in Azerbaijan and now operating in Lithuania, which is an artificial intelligence-based customer service platform, won the tough Pitch Battle competition.
Lithuanian start-up economy shows no signs of slowing down
Unicorns Lithuania–the association uniting start-ups–estimates that there are 766 start-ups operating in the country. Their total number increased by 4% in a single quarter.
‘Start-ups operating in Lithuania have been growing steadily and make the whole system grow. The fact that we are witnessing growth even during these tense times–the ongoing pandemic and the war that has broken out–shows that the whole community is sustainable. The number of employees is growing steadily every quarter and so does the amount from taxes going to the Lithuanian budget. The average salary in start-ups has increased by 15% in a year and has reached EUR 3026’, says Inga Langaitė, head of the association Unicorns Lithuania.
Lithuania At 2022 Bio International Convention – Europe’s Fastest Growing Life Science Cluster Seeks Closer Us Links
Lithuanian life science innovation will again be on display at the 2022 BIO International convention in San Diego. Innovation Agency Lithuania will showcase 8 leading Lithuanian biotech stars on the Lithuanian pavilion demonstrating why Lithuania is one of Europe’s fastest-growing life science hubs. All are looking to build stronger links with the US which is already the country’s biggest market accounting for 28% of its life science exports in 2021.
Looking up to the stars: space tech in Lithuania
Space is one of the areas where Lithuania has made a strong entry. Today more than 30 Lithuanian companies participate in space supply chains, a number that is expected to more than double within the next five years. The space sector is one of the fastest growing with an annual growth of 6.7% per year. ‘By participating in international Space programmes, Lithuania proves it has a strong tech sciences ecosystem and high-tech industry needed for participation in the global space market’, says Aušrinė Armonaitė, Minister of Economy and Innovation of Lithuania.
Lithuania’s 18 years in the EU: co-creating a prosperous country
According to Eurobarometer, Lithuanians are among the staunchest EU backers, with 59% of the respondents claiming to be in favour of the EU (the EU average being 47%). The pro-European sentiment has been observed since the admission of the country to the Union on May 1, 2004. The celebration of the Europe Day provides us with a great opportunity to look back on our achievements over the last 18 years across the key areas of economy, culture, governance and science.
Lithuania ― a favourable country for women in science
Lithuania is a perfect place for women to join tech industries as the country is one of the fastest-growing centres of life sciences in Europe and has a vibrant ICT, financial technologies, video game, and laser sectors. The start-up community, which has already exceeded one thousand companies, attracts talents from all over the world to innovate and think about solutions that can contribute to a global change for the better in many spheres, ranging from gene editing to solving circular economy challenges.
Lithuania safe and secure in air, on land and online
Open to business and foreign investment, attractive to tourists and international talents—this is what defines Lithuania today. After regaining independence 32 years ago, Lithuania has done all the necessary homework to ensure its national security and the well-being of the citizens.
10th Startup Fair invites the startup ecosystem to “connect” in person 2022
On 26 May, Startup Fair. Connect 2022 – the international startup ecosystem event that is the largest of its kind in Lithuania – will be taking place for the tenth time. This year, an even larger circle of participants in the Lithuanian and foreign startup ecosystem will be coming to “connect” in person. Registration is already open for the traditional Startup Fair Pitch Battle, during which the best startups with the most potential will present themselves to investors.
Innovation Agency Lithuania has been launched – a one-stop shop for business start, development and innovation
Innovation Agency Lithuania established by the Ministry of Economy and Innovation has officially been launched. The agency will be responsible for the Lithuanian innovation ecosystem and the promotion of innovation at all stages of business development – from developing ideas to delivering products to end-users.
Freedom is a change-maker that can’t be taken for granted
On March 11, 32 years ago Lithuania was the first country to break free from the Soviet Union’s oppressive regime. Today we stand firm with Ukraine and support it by all possible means – politically, financially, and militarily – Lithuanians are ready to widely open doors of their homes to people forced out from Ukraine brutally invaded by Putin’s Russia. ‘Ukraine is fighting now for what the future world is going to look like’, said Prime Minister Ingida Šimonytė during her meeting with US Secretary of State Antony J. Blinken in March 2022. In Lithuania, where we cherish freedom above all, an independent generation of politicians, scientists, and artists has grown up, who have contributed to the world’s progress by addressing global challenges in human health, science, and politics. Lithuania has given rise to a generation of true change-makers, who spark creativity and are determined for success and a change for the better.