A country as ambitious as you are. Lithuania. Where people champion new ideas -and run with them, whether it’s developing an ICT start-up or helping a global company make their ICT services more efficient. The entrepreneurial spirit runs deep within our DNA, and our passion and can-do approach facilitate growth and success.
Looking for the next business opportunity? Lithuania makes it happen.
"Lithuania has a broad range of talent, from raw engineering skills to self-starters, to experienced entrepreneurs. Lithuania has all the ingredients to be a crucial hub in Europe for technology talent."
Mike Butcher, European editor for Techcrunch
One of Lithuania's greatest assets is its young, well-educated and tech-savvy workforce. Every year more high-calibre ICT professionals enter the workforce in Lithuania than in any other Baltic state. Since 2006, the number of these top specialists working in companies like IBM, Bentley Systems, Virtustream, has doubled, and continued substantial growth is projected for the next five years.
Global investors and entrepreneurs actively cooperate with higher education institutions, ensuring Lithuania's education system continues to tailor itself to the market's needs. This means Lithuania's young and dynamic workforce is staying ahead of the competition. More young people choose mathematics, science and technology subjects than in any other European country. They are also highly proficient in foreign languages, with almost all professionals speaking English.
Lithuanian secondary school students are switched on to technology; nearly 97% of them obtain ICT skills during their formal education, the highest percentage in the EU. As a result, Lithuania has one of Europe's most computer literate populations.
How fast do you want to grow? Lithuania’s high-speed internet infrastructure will give your business a competitive edge for accelerated growth and development.
From global investors to innovative start-ups, everyone benefits from access to the fastest internet and the highest percentage of ultra-fast fibre connections in the EU. Sustained and substantial investment in brand new fibre-optic infrastructure has ICT provision ahead of the pack.
Businesses already established in Lithuania are reaping the benefits. The World Competitiveness Yearbook, a survey based upon the views of executives in top and middle management, ranked Lithuania No.1 in the world for fulfilling business needs for communication technology.
Lithuania is ranked third worldwide providing the most affordable internet connection solutions.This is mainly the result of a highly competitive market of internet providers, with 100 providers for around 2 million internet users. This competition ensures users receive reliable and quality solutions.
The Smart Choice To Start-Up
The World Bank's Doing Business Report 2014 ranked Lithuania 11th worldwide for the ease and speed with which a business can be set up. Growth in start-ups has been most dramatic in the ICT sector.
Budding entrepreneurs can attend more than 100 annual accelerator events, including regular niche and medium sized events; hackathons, game jams and app camps. Lithuania also hosts major international conferences, such as Silicon Valley Comes to the Baltics, Login, and Start-up Monthly. These events attract business angels and investors from the world’s top start-up hot spots, like Silicon Valley, London and Tel-Aviv.
At these events, experienced entrepreneurs share their know-how and expertise, fostering a creative can-do culture. Since 2007, funding for start-ups has increased ten fold. Furthermore, Lithuania’s widespread diaspora community nurtures support networks, forging links with the country's successful start-up companies. Enterprising agencies inside Lithuania are constantly finding innovative ways to develop and support the start-up scene.