News

Lithuania jumped to the 29th position in the World Competitiveness Index
2022-06-16

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
2022-06-07

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
2022-05-30

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
2022-05-25

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
2022-05-25

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
2022-05-24

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.

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Success stories

Moksleivio Liutauro Kervio ambicija – tinklalaidžių platforma, padedanti smulkiesiems kūrėjams išgarsėti

Moksleivio Liutauro Kervio ambicija – tinklalaidžių platforma, padedanti smulkiesiems kūrėjams išgarsėti

Simono Daukanto gimnazijos moksleivis Liutauras Kervys drauge su komanda kuria „SimpleTime“ tinklalaidžių platformą, kuria siekia padėti smulkiesiems tinklalaidžių kūrėjams išgarsėti, o vartotojams – gauti kuo daugiau kokybiško turinio. Jaunasis verslininkas pripažįsta, kad norint pradėti verslą dar mokykloje reikia drąsos, bet džiaugiasi, jog viskas susidėliojo į savas vietas įkūrus savo jaunąją bendrovę. Simonui ir jo komandai realizuoti idėją padėjo „accelerator_x“ programa, kurios metu moksleivių komanda užmezgė kontaktus su investuotojais bei turėjo progą konsultuotis su  patyrusiais verslininkais.

 

Lithuanian brands: Why does Lithuania need one?

Lithuanian brands: Why does Lithuania need one?

In the first episode of Lithuanian Brands: Best Practice the marketing expert from the United Kingdom dr. Darren Coleman talks to the representative of Lithuanian Government about the strategy for presenting Lithuania abroad and how it was developed.

Cargo stream with French partners and investors start operations in port of Northern France

Cargo stream with French partners and investors start operations in port of Northern France

Cargo stream, a Lithuanian company that has established and developed a digital logistics management system, is expanding in Europe – a joint venture with French investors is being set up in Dunkirk, France. Such a strategic move will allow this company to combine freight forwarders, carriers, and freight customers with the port and maritime lines.

The conversation with an old acquaintance has given rise to the international project of global significance

The conversation with an old acquaintance has given rise to the international project of global significance

Ingrida Olendraitė, a doctoral student at Cambridge University, an alumnus of Vilnius University, had little expectations that her meeting with an old acquaintance during Life Sciences Baltics will evolve to an international project together with the greatest minds in the field of virus research.

Lithuanian scientists aim to be at the forefront of the new breakthrough in medicine

Lithuanian scientists aim to be at the forefront of the new breakthrough in medicine

Lithuania has more than enough potential to become one of the leaders in the biotechnology field. This is the conviction of Agnė Vaitkevičienė, the head and the co-founder of the first and so far the only producer of individualised advanced therapy medicinal products (ATMPs) in the Baltic countries. According to her, medicines developed according to the needs of each patient are the future of medicine, to which Lithuania also contributes.

Business has more than one Everest

Business has more than one Everest

Origins of Lithuanian kids wear brand Mummymoon should be traced in Norwegian fjords, Vėjūnė Unikauskienė, Director of Trinity time UAB, company that owns this brand, joked.

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