Laser leader Lithuania: how a small country achieved world-class excellence in laser technologies
Lithuania’s global leadership in laser technologies might be surprising, given the modest size of the country. But with more than half a century of expertise behind it, the Lithuanian laser industry is a major league player in both scientific and industrial laser technologies. Providing solutions for the likes of NASA and IBM, Lithuania’s laser specialists continue to push the scientific frontier and generate the sector’s impressive growth year after year. What is the secret behind this success?
What changes have most affected Lithuania’s position in the IMD World Talent Ranking?
After rising for two years in a row, Lithuania fell two places this year in the IMD World Talent Report 2021. In 2021, Lithuania was ranked 29th out of 64 countries. Our neighbour Latvia continued its rise in the ranking this year to reach 30th place, catching up with Lithuania. Meanwhile, Estonia held onto 19th place after making a big leap last year.
Lithuania will promote exports through a unique business contact platform B2Lithuania
From now on Lithuania’s exporters will find it easier to establish contacts with partners or customers abroad – the upgraded business contact platform B2Lithuania has been launched this month. Almost 2 600 Lithuania’s exporters from various business sectors have already registered on this free platform developed by Enterprise Lithuania.
The Report of The Lithuanian Startup and Venture Capital Ecosystem Presented: The Region Has Created a Snowball Effect
Venture capital investment in Lithuanian startups is reaching unprecedented heights this year. In 2021, the growth of Lithuanian venture capital investment is 2.2 times higher than the previous record set in 2018, reaching EUR 428 million. Investments in early-stage startups have also kept pace, with foreign investors’ interest in Lithuanian startups consistently increasing.
A New Legal Platform For Startups Has Been Launched
Building a business is a great challenge for those with no experience. Therefore, to help Lithuanian startups at the onset of their business, Startup Lithuania, Unicorns LT and LT VCA cooperated with Lithuanian lawyers to develop a free publicly available platform offering a package of legal documents relevant to startups and the entire startup ecosystem. Startup founders will be able to easily download the necessary legal document template from this platform.
Lithuanian bread – from tradition to innovation
One tiny bite of fresh bread with honey on top, and you suddenly feel like you have come back home. Those nostalgic feelings make us marvel at how much the bread has evolved – and yet at the same time, managed to remain the same traditional product that unites the whole family.
From local to global: how Lithuanian innovation company NFQ made its way to success
Founded in 2002, NFQ Technologies is a partner of digital transformation and digital innovation that defines business success. 800+ thinkers and software engineers in Europe and Asia behind novel processes, business models, MVPs and IPOs.
An Overview of a Record Year And Exceptional Startup Awards at The ‘Wrap Up of 2021 & Startup Awards’ Event
2021 has become memorable for the entire startup ecosystem in Lithuania: a record investment amount exceeding EUR 420 million raised, the sales volume increased by several times, and 5 exits recorded. To mark this exceptional year for Lithuania’s startup ecosystem, Startup Lithuania together with Go Vilnius invites to overview the achievements of innovative businesses and award the best Vilnius startups at the Wrap Up of 2021 & Startup Awards event to be held on 9 December.
4 German manufacturers that chose to build their plants in Lithuania
Lithuania has been a valued partner of Germany for quite some time. The Baltic country has much experience working with German companies, such as Continental, Rehau, Schmitz Cargobull, Bär Cargolift, among many others. But what have those companies achieved in Lithuania, and why did they choose to invest in the country?
How Lithuania got its first unicorn while boosting sustainability in Germany
According to Quantilope, 49% of Germans bought gifts online for Christmas 2020. Meanwhile, data from Statista shows that 64% of these purchases were made using a smartphone or a tablet. Based on these findings, it is clear that the e-commerce market in Germany is now of paramount importance.
DANCER Bus - proof that cooperation between Germany and Lithuania works
Collaboration between Lithuania and Germany is at unparalleled levels. During last three decades, German companies – such as Continenal, Hella, Rehau or Schmitz Cargobull (amongst many others) – have opened manufacturing facilities in Lithuania.
Lithuanian curd cheese bars – the dessert you’ll fall in love with
For breakfast or dessert – a glazed curd cheese bar is the perfect sweet treat to enjoy with a hot cup of coffee or tea. This snack, which is hugely popular in Lithuania, is made from milled, pressed and sweetened curd cheese. This is formed into the shape of a bar and glazed with chocolate. It’s a deliciously sweet but slightly healthier alternative to traditional desserts.