The startup scene in Lithuania

Go Vilnius reports that the city has more than 1,050 startups with a combined valuation of €17 billion; the agency also lists Vilnius as 69th globally and third in Central and Eastern Europe, but does not state the ranking methodology. [Claim 29254]

Vilnius University’s Innovation Office describes consultations on startup formation and commercialization, including business plans, team building, investor attraction, and partnerships; applying for University Startup status uses an intranet form. [Claim 29256] VILNIUS TECH says its transfer center supports research and development commercialization, technology transfer, and startup and spin-off creation. [Claim 29257]

Vinted says it began in Lithuania in 2008 and became the country’s first unicorn in 2019; its cited account does not specify a founding city. [Claim 29255] Startup Lithuania’s Dealroom-based report records €128 million in Lithuanian startup venture capital in 2024, including €108 million at early stage; the figures are Lithuania-wide and include Lithuania-founded companies that relocated their headquarters abroad. [Claim 29259]

The fifth Startup Lithuania and Plug and Play accelerator call targeted early-stage technology startups willing to establish in Lithuania and closed on July 11, 2025; it is a historical call, not evidence of current availability. [Claim 29258]