Start-Ups in Lithuania: 2016 in Review

2017-01-03 16:00

There currently are at least 316 start-ups operating in Lithuania, a 15,8% increase from the past year, the website Startup Lithuania announces. They paid a total of 7,49M EUR employee taxes (13,8% increase), and their workforce has grown by 13,9% to 1560 employees.

At Startup Lithuania’ wrap-up event of the year, main achievements and statistics of the 2016 have been announced.

Rubedo Sistemos, a company founded by Kaunas University of Technology (KTU) alumni and operating at KTU Santaka Valley was mentioned as one of the most successful fund raisers: the investments in this company reached EUR 0.5 million in 2016.

KTU’s alumni name is connected to another significant milestone of the year – the first Innovation Fund in the Baltic countries launched by Lietuvos energija .

“Taking into consideration the world practice, we see investments into innovative products and services as one of the innovation fostering instruments. This will enable to attract talents and ideas from outside, and we may use this potential for the enhancement of service quality and efficiency”, says Dalius Misiūnas, Chairman of the Board and the Director General of Lietuvos energija, President of KTU Alumni Association.

2016 also has been a year of growth and maturity for the first and the largest academic start-up community in Lithuania – KTU Startup Space.

“KTU Startup Space community is developing and learning together with all Lithuanian start-up ecosystem. We have grown this year, have welcomed new teams, who, I believe will teach us all a lot. Also, just recently we have signed a cooperation agreement with a team from Belarus, thus, we are becoming international”, says Donatas Smailys, Head of KTU Startup Space.

In total more than 50 start-ups were founded at the University since 2012, when KTU Startup Space was established.

Related news

2017-03-22 11:15
The Lithuanian Ministry of Education and Science is offering 70 partial and fully-funded postgraduate scholarships for international students. Citizens from Ukraine, Belarus, Georgia, Armenia, Azerbaijan, Moldova, Japan, China, Korea and Israel, as well as foreigners of Lithuanian origin, are eligible to apply for...
2015-09-11 14:15
If You need an answer to the question „Why focus on Career?“ there is one given below. Katie Jarvis in her presentation will share some simple tactics and techniques that can help to focus and build Your career. Traditionally ‘Career development’ meant upward promotion. However, organisations are flatter and leaner...
2017-03-29 11:30
On the 27-31st of March is celebrated Open Education Week. A list of webinars about open education resources, tools and practices are available here. Information how to login to webinars will be provided after registration. For more information https://www.openeducationweek.org  
image
2017-03-28 16:15
Last week, and event ExchangeAbility, organised by Erasmus Student Network KTU took place. The event was aimed at encouraging of disabled students to participate in Erasmus+ exchange. It coincided and shared venue with Language Exchange initiative, which is taking place every Thursday. “By travelling with Erasmus+...
2017-03-27 14:45
28th of March, in Central library (Donelaičio st. 20) as a result of electrical installation works library working hours will be shorter by half an hour.
image
2017-03-27 09:45
70 scholarships will be offered for the academic year 2017/2018.  A monthly scholarship and a benefit that covers the study cost is offered for the nationals of the Republic of Ukraine (40 grants altogether); A monthly scholarship and a benefit that covers the study cost is offered for the ...
2017-03-24 16:30
The team of students from Kaunas University of Technology (KTU) Faculty of Informatics has come ahead of 950 teams of programmers in the international competition Google Hash Code, organised by Google Corporation. The competition took place at KTU last month. By taking the 55th place in the world KTU students were...
2017-03-23 17:30
Independent research, initiated and carried out by Kaunas University of Technology (KTU) interdisciplinary migration research cluster shows that introduction of Euro in Lithuania coincides with the fourth wave of emigration. In 2015, more than 40 thousand people left Lithuania, and in 2016 – around 50 thousand....