Posts Tagged ‘Startup Lithuania’
Lithuania Sets Record in the Global Innovation Index: A Growing Hub for Startups and Innovation
Lithuania has reached a new milestone in the Global Innovation Index, climbing two places to 33rd among 139 countries. This is Lithuania’s highest position ever and a strong signal of the country’s rapid progress in building a competitive and innovation-driven economy.
“Lithuania is making remarkable progress in innovation, which is also reflected in the Global Innovation Index. This achievement is especially significant given the current global economic uncertainty and ongoing geopolitical challenges that directly affect our region’s investment climate. Yet we continue moving in the right direction — towards building a high value-added, startup-driven innovation ecosystem,” said Acting Minister of Economy and Innovation, Lukas Savickas.
Lithuania’s strengths lie in areas that are directly shaping its dynamic startup ecosystem. The country ranks 3rd globally for the share of women with higher education employed in the labor force, 8th for mobile app development, and continues to lead in unicorn value relative to GDP. These results highlight Lithuania’s role as an agile and forward-looking innovation hub.
Read full announcement (external link)
Originally published on 16 Sep
Read MoreStartup Fair 2025 Invites You to the Pitch Battle: €3 Million in Investment Awaits the Best Startups
Lithuania’s largest startup event – Startup Fair 2025 – is soon returning to Vilnius. On October 9, the event will culminate in the Pitch Battle at LITEXPO, where innovative startup ideas will compete for the attention of experienced investors. It’s a unique opportunity for startups to showcase their businesses to an international audience, attract investment, and build valuable connections.
Success stories from last year prove just how important this event is. For the winners – including startups Psylink and BrachyDOSE – the Pitch Battle became a launchpad for their next growth stage.
“Lithuania’s startup ecosystem is now stronger than ever – with over a thousand innovative businesses operating globally, attracting both investment and talent, and 67% already active abroad. However, growing without the right support is difficult – nearly a third of startups cite lack of financial resources as their main challenge. That’s why it’s crucial to take advantage of funding opportunities and events like Pitch Battle, which help attract investor attention and secure the necessary resources for growth,” says Karolina Urbonaitė, Head of Startup Lithuania.
Read full announcement (external link)
Originally published on 9 Sep
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