Vilnius, the capital and largest city of Lithuania, has a relatively unknown startup ecosystem that is on the fast track to becoming one of the key players in the region and has managed to achieve tremendous growth in a very small period of time. Currently the second-best ranked ecosystem in the Baltics, according to our latest Startup Ecosystem Ranking Report for 2020, Vilnius is well-positioned between neighbouring Russia, Scandinavia and Central Europe countries to establish itself as an emerging tech hub. <\/p>\n\n\n\n
This article will provide an overview of the Vilnius startup ecosystem, explore insights from our recent Global Ecosystem report and provide an analysis of the challenges and strengths currently present. <\/p>\n\n\n\n
Click here <\/a>for Vilnius rankings in the Startup Blink Global map. <\/p>\n\n\n\n Are you interested in startup innovation and entrepreneurship? You can access the Startup Blink Ecosystem Ranking Report of 2020 that ranks 1,000 cities in 100 countries worldwide here <\/a>with insights on global and regional economic development. Don\u2019t miss the Coronavirus Innovation Map that shows the best countries fighting the pandemic and facilitating new developments in the covid-19 era.<\/span><\/strong><\/p>\n\n\n\n Vilnius is a small city of 552,000 people known for its baroque architecture, laid back charm and relatively low cost of living. But one really needs to visit Vilnius first to understand the cultural drive, level of enthusiasm and atmosphere of innovation that powers the ecosystem and creates solutions for technology to be used to make life better.<\/p>\n\n\n\n Capitalizing on its obscurity, Vilnius has made headlines with tourism destination slogans such as the award-winning \u2018Vilnius \u2013 the G-spot of Europe\u2019 campaign, and the more recent \u2018Vilnius: Amazing Wherever You Think It Is\u201d. Primarily aimed at European tourists, the campaign led to a tourism increase of 12.5% according to CNN and put Vilnius on the map as a holiday destination.<\/p>\n\n\n\n
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\n\n\n\nOverview of Vilnius Startup Ecosystem – The City <\/h2>\n\n\n\n