Lithuanian Defence Technology Development Camp, DELTA NAVY Hackathon Results
The three-day defense and technologies development camp, hackathon, DELTA NAVY surpassed all expectations. Having wrapped October 27 at the Lithuanian Navy in Klaipėda, it resulted in creation of such product prototypes as a laser communication system for ships at sea, drone, and personnel, and human resources management systems, over the 48 hours of the event aboard LNS Jotvingis headquarters and supply ship.
Lithuania has reached its highest position ever in Doing Business 2020: a single further step is needed to be among the top ten
Lithuania has achieved the 11th position in the World Bank’s Doing Business report measuring business conditions. This is the highest position ever achieved by Lithuania since the launch of this report.
“Digital Explorers” at the Forefront of EU - Africa Digital Partnership
On October 15, “Digital Explorers” programme was officially launched in Vilnius, Lithuania. It started with the first batch of 15 thoroughly selected young Nigerian ICT specialists, who will spend the next year in 7 Lithuanian perfect-match ICT companies. Aiming to connect Nigeria and Lithuania for cooperation in information and communication technologies (ICT), “Digital Explorers” programme facilitates career advancement journeys of Nigerian ICT talents, at the same time, giving Lithuanian companies a chance to familiarize with business development opportunities in Africa and peculiarities of attracting international talents.
Lithuanian business is making its way into international public tender procurements
In order to encourage Lithuanian business entities to participate more actively in international public tender procurements, a year ago the Entrepreneurship and Export Development Agency Enterprise Lithuania initiated a programme that enabled Lithuanian companies to strengthen their competencies in international sales. A successful outcome was achieved with help of Orbidal, which is a platform of international tender procurement procedures: 4 procurements with the total value of more than EUR 2.4 million were won.
Meet Lithuanian companies in Maison & Objet
For those seeking to discover some fresh creative design, Hall 6 of this year Maison et Objet fair will invite to check the joint Lithuanian design stand.
Record-breaking forces of Lithuanian laser professionals to be at the world's largest laser photonics exhibition
On June 24-27 Lithuanian laser manufacturers will present their latest technologies in the most important laser industry event “Laser World of Photonics 2019“ in Munich. The Lithuanian National stand will cover an area of 313 square meters, and will house 18 Lithuanian laser companies.
Lithuania moved up to the 29th position in the World Competitiveness Ranking
This year Lithuania is in the 29th position in the World Competitiveness Ranking compiled by the Swiss International Institute for Management Development (IMD). Compared to the previous year, Lithuania moved 3 positions higher upwards in the ranking leaving behind its neighbouring countries – Estonia (the 35th position, was 31st), Latvia (the 40th position, was 40th), Poland (the 38th position, was 34th).
New trends in the start-up ecosystem: the unicorns' aspiration is replaced by sustainable business
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 successful start-up, as noted by Anders Lentell, one of the speakers at the event “Startup Fair”, Swedish investor and founder of technology start-up DynaByte, is not just a unicorn label.
Good News for Startups: Barriers Will Be Reduced to Attract Talent from Abroad
Lithuania will be launching ‘Startup Employee Visa’, a procedure for attracting, retaining and integrating foreign talents that will reduce barriers for the highly qualified professionals that startups need to come to Lithuania. This was established by the memorandum signed today by the Ministry of Economy and Innovation, the Ministry of the Interior and the Migration Department.
Startup Fair becomes an important impulse for start-up development
Last year, at the international start-up conference Startup Fair, “Oxipit“, a start-up operating in the field of medicine, was recognized as the best and most potential start-up. Then “Oxipit” was only making its first steps, but today it already boldly moves along the path to a practical medical system around the world. The search for the best start-up will also take place this year at the event Startup Fair on May 30th and 31st.
Foreign start-ups are increasingly choosing Lithuania
From smart mattresses that help tracking and improving sleep quality to production of green energy – foreign start-ups with such innovative ideas are becoming increasingly bold in choosing Lithuania for the development of their business. During the first three months of this year alone 45 foreign nationals were granted permission to develop 18 innovative businesses in Lithuania through Startup Visa program.
Lithuania to host five international innovation events
In 2019, global industry leaders, tech-savvy innovators, fintech experts, and decision makers will gather in Lithuania for five international events.