The self-titled “G-spot of Europe”: Lithuania’s startup ecosystem at a glance
An interesting fact to mention is that the coronavirus crisis, in general, hasn’t affected the Lithuanian startup ecosystem in the same way as the rest of Europe. Consequently, the sales of Lithuanian startups in the first quarter of 2020 are 55% higher than in the same period last year. Prominent startup hubs and communitiesStartup Lithuania – Operating as a one-stop-shop for current and future startups, Startup Lithuania is the national startup ecosystem facilitator between fast-growing businesses, venture capital funds, accelerators, startup-friendly enterprises, and the government. Furthermore, to attract non-EU talent to Lithuanian startups, in 2019 the government launched the programme Startup Employee Visa. The growth of the startup ecosystem in Lithuania is noticeable in the past years and the vibrant, and innovative thinking community here is an essential part of a successful startup ecosystem.