Vilnius
Vilnius, the capital of Lithuania, is one of the fastest-growing cities in the Baltics, blending a rich historical heritage with dynamic modern development. Vilnius is a city of culture, education, and innovation. Known for its stunning Baroque architecture and a vibrant arts scene, the city boasts a thriving community of artists, musicians, and writers. The Užupis district, a bohemian enclave, exemplifies the city’s creative spirit, housing numerous galleries, studios, and cultural events.
Vilnius University, one of the oldest universities in Eastern Europe, is a beacon of academic excellence and research. Established in 1579, it has a long-standing tradition of fostering intellectual growth and innovation. The university’s faculties of humanities, social sciences, and natural sciences are renowned for their contributions to knowledge and society.
In summary, Vilnius and Vilnius University together create a vibrant ecosystem where tradition meets innovation, making the city a thriving center for culture, education, and technological advancement.
Founded in 1579, Vilnius University is one of the oldest and most prestigious universities in Lithuania, currently educating over 20,000 students. It offers a wide range of programs and has a significant impact on the cultural and scientific development of the country.
Tech Hub pre-accelerator is a 6-month program, designed to equip participants with essential entrepreneurial skills and helping them find team members while offering hands-on experience in launching a startup.
The program unfolds in two phases, beginning with a dynamic first month where all participants converge to engage in team-building exercises and tackle diverse business challenges. This initial period serves as a ground for forging meaningful connections and identifying potential teammates from a pool of 45 carefully selected students representing various disciplines.
The other 5 months are dedicated to forming a team and continuing work on a specifically chosen startup idea, with participants engaging in workshops covering topics such as defining the problem, identifying target customers, analyzing competitors, crafting marketing and sales strategies, and learning how to pitch to investors.
VU Tech Hub focuses on a wide array of industries, with particular emphasis on research-intensive and knowledge-driven fields such as biotechnology, healthcare, and technology. Additionally, it supports ventures in the cultural and creative industries, communication, sustainability, and social innovation.
Through tailored mentorship, access to resources, and a robust network of industry experts, VU Tech Hub empowers entrepreneurs to transform their ideas into successful ventures. VU Tech Hub has successfully attracted €4,420,000 in investments from venture capital and business angels, along with €1,917,835 in financing from EU projects. In 2022, the revenue from 47 startups reached €4,218,770, with taxes paid by TechHub startups amounting to €1,070,000 annually, supporting over 147 employees with an average salary of €1,553.
If you want to know more about the business environment in Vilnius, read the Lithuanian Economic Review.
