Tech-Startup Ecosystem in Lithuania

Abstract

In Lithuania, many startups, which are founded by young entrepreneurs, are doing new business actively. Especially, IT and Fintech startups have been founded increasingly, co-working spaces and share offices in incubators are filled with energy and passion of young entrepreneurs. This situation in Lithuania is supported by effective startup ecosystem based on the collaboration among government, industry and academia. This paper introduces startup ecosystem and representative startups in Lithuania.