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The Lithuanian startup ecosystem has raised 3 unicorns so far, each of them being valued at over USD 1 billion. These are the success stories of Vinted, Nord Security and Baltic Classifieds Group, which have been widely reported in the media. However, with the recent announcement of the unicorn stat...
The Ministry of the Economy and Innovation is launching a call worth EUR 15 million to fund start-ups and spin-offs which develop solutions and products in artificial intelligence, blockchain technology, and robotics process automation and operate in the Vilnius region, announced the Ministry of the...
2019 was an impressive year for Lithuania's startup ecosystem as the country had its first tech unicorn – used clothing exchange and sale platform Vinted – this year. Experts and market participants believe Lithuania might have more unicorns soon, with Tesonet CityBee named among the key contenders.
Changes are taking place in the Lithuanian startup ecosystem. This is proven by the increasing emergence of initiatives that improve the business environment for startups.
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 successfu...
