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Entrepreneurship in Vilnius
Entrepreneurship in Vilnius
Entrepreneurship in Vilnius
Punching far above its weight as one of Europe's most fintech-friendly capitals, Vilnius demonstrates how focused policy innovation can transform a small market into a specialized innovation hub. Lithuania's capital excels in financial technology, cybersecurity, and blockchain applications, driven by the Bank of Lithuania's proactive regulatory approaches including the first EU-wide specialized banking license. Entrepreneurs establishing companies in Vilnius gain exceptional advantages through fintech-specific regulatory sandboxes, technical talent at costs roughly 30% below Western European averages, and one of Europe's fastest broadband networks. The ecosystem revolves around Vilnius Tech Park and the Blockchain Centre Vilnius, while government initiatives like Startup Visa Lithuania facilitate international founder relocation. Though modest in size, Vilnius represents one of the Baltic region's most sophisticated startup environments – ideal for founders developing financial technologies, regulatory technology (regtech), or digital solutions requiring navigable regulatory frameworks and cost-effective technical development within the European Union.
Punching far above its weight as one of Europe's most fintech-friendly capitals, Vilnius demonstrates how focused policy innovation can transform a small market into a specialized innovation hub. Lithuania's capital excels in financial technology, cybersecurity, and blockchain applications, driven by the Bank of Lithuania's proactive regulatory approaches including the first EU-wide specialized banking license. Entrepreneurs establishing companies in Vilnius gain exceptional advantages through fintech-specific regulatory sandboxes, technical talent at costs roughly 30% below Western European averages, and one of Europe's fastest broadband networks. The ecosystem revolves around Vilnius Tech Park and the Blockchain Centre Vilnius, while government initiatives like Startup Visa Lithuania facilitate international founder relocation. Though modest in size, Vilnius represents one of the Baltic region's most sophisticated startup environments – ideal for founders developing financial technologies, regulatory technology (regtech), or digital solutions requiring navigable regulatory frameworks and cost-effective technical development within the European Union.
Vilnius founders in numbers
The startup community in Vilnius shows a healthy mix of people still exploring ideas (56%) and those already building something (44%). This balance between early-stage thinking and committed founders shapes the local scene. Looking at the numbers, the median age of founders in Vilnius is 28.5, with an average age of 33.2. Most are in the 25-32 age range, which makes up 38.9% of the community. When it comes to background, 55% of founders in Vilnius have technical skills in areas like engineering or software development, while 45% come from business roles such as operations, product, or marketing. This mix creates plenty of opportunity for strong co-founder matches. Popular areas of interest include Quantum Computing, Education, Exploration, and Personalized Medicine. Many founders in Vilnius also speak more than one language, adding fresh perspectives to the city’s startup ecosystem Impacts are {13},{14},{15},{16}.
Commitment Type
More than (56%) of Foundersbase founders in Vilnius, are exploring startup ideas, while (44%) are committed to an idea.
Age
The median age of Foundersbase founders in Vilnius is 28.5, while the average is age 33.2 with a maximum in the group of founders aging 25-32.
Type of Founder
About (55%) of Foundersbase founders in Vilnius are technical (Engineering, AI/ML), while (45%) are non-technical (Product, Marketing, Operations).
Top industry interests
Discover the industries that Foundersbase founders in Vilnius are most passionate about.
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