How The Startup Scene Evolved In Lithuania

ArcticStartup

But what about startups that are based in tiny countries, as Lithuania – a small country in Eastern Europe, where the population is hardly 3M people and the minimum salary less than $350/month? When did the entrepreneurial scene in Lithuania begin to flourish? Photo: Shutterstock.

Berlin to Lithuania to New York: The Travels Of An Accidental Entrepreneur

Inc Startups

Two entrepreneurs from Berlin and Rome, meet in Portland, study in New York City then move to Bangkok to build a company - there is no punch line, as this is no joke.

Vilnius Tech Park: Massive new Startup Hub in Lithuania

ArcticStartup

All major venture capital funds in Lithuania including- IMI.VC , Practica Capital , BaltCap , and Nextury Ventures say they will be moving to the tech park along with some of their portfolio companies. Editor''s Note: This guest blog was written by Edmundas Balcikonis from Trackduck.

Lithuania claims August 13 as International #StartupDay

ArcticStartup

On this day, Startup Lithuania encourages every startup enthusiast around the globe to celebrate the new holiday online. Lithuanians are getting more and more serious about spreading the word about their startup activities.

Crowdfunding Lithuania - Takeaways From The Event

ArcticStartup

ou Can’t Escape Lithuania , ?W?e Editor''s note: this is a guest post by Toma Kondrat? from Startup Highway. On 17th February, 2015 S?tartupHighway tartupHighway ?

ArcticStartup's Guide To Lithuania: Top Startups, Events, Spaces

ArcticStartup

Infrastructure is accessible and connectivity is cheap, maybe this is one of the factors in Lithuania''s focus on mobile reported by TC Disrupt ''13. Startup Lithuania - the central one-stop-shop platform for all info for and about Lithuanian startup scene.

Outsource Lithuania takes off well, looking for partners in other countries

ArcticStartup

CEO of visual bug reporting tool TrackDuck Edmundas Balcikonis says he was constantly asked recommend a digital agency, freelancer web developers and designers in Lithuania. Edmundas Balčikonis , Co-Founder of Outsource Lithuania. Edmundas Balčikonis , Co-Founder of Outsource Lithuania.

Lithuania's Mobile Worker looks to boost productivity

ArcticStartup

This might be the first such app we’ve covered that’s arrived out of Lithuania though, so let’s take a look at it. When it comes to time tracking and productivity apps Mobile Worker for Android aren’t the first we’ve covered here at ArcticStartup.

We're down in Vilnius, Lithuania for Login!

ArcticStartup

Half of our team has been at Login , the huge tech conference in Vilnius, Lithuania, picking up stories and feeling out the buzz between the demo booths.

Lwallet Charms Lithuania With Loyalty Card Storage

ArcticStartup

Most of us enjoy taking advantage of promotions offered by retailers but we find ourselves with a baffling problem; signing up on even half of the loyalty programs out there will make you hate plastic cards more than you thought possible. There’s simply too many of them.

Global Innovation 2011

Gregg Fraley, Author of Jack's Notebook

Creativity and Self-Expression Innovation Politics & Government Trends, Futurism, and Research Alcatel-Lucent Booz and Company Chile China Confederation of Indian Industry Creativity Demark economics Finland Global Innovation Index Greece Gregg Fraley INSEAD Lithuania Moldova Sweden Switzerland UK United Nations USA World Intellectual Property Organization

Lithuania Steps Up its Game

ArcticStartup

The folks from Barcamp Lithuania have been pretty active in the Baltic region, visiting Finland and Estonia to promote their startup scene. Finland and Estonia aren’t the only growing hotbeds for entrepreneurship in the Baltics.

Lithuania-Founded GetJar Reportedly Acquired for Above $50 million

ArcticStartup

Big exit news in the Baltics: Lithuania-founded GetJar has reportedly been acquired by Sungy Mobile Limited , a Chinese company behind Go for Android and a top publisher of applications on the Google Play store.

Lithuania's Practica Capital Raises Additional 2 Million Euros

ArcticStartup

In addition to the seed fund Practica Capital manages a 16 million-euro venture fund, both established in 2012 under the JEREMIE initiative, which is managed by the EIF, Ministry of Economy, and Ministry of Finance, and financed from the EU Structural Funds.

Uber for bikes on the rise in Lithuania

ArcticStartup

Dropbyke is a stationless bike-sharing system working via a mobile app. It lets you hire a bike just like you would hire an Uber car - just open the app, search for a bike, get accesss and enjoy the ride. Dropbyke runs on existing bike infrastructure.

Results From Startup Weekend Lithuania

ArcticStartup

The latest addition to the recently held events is Startup Weekend Lithuania. Mentorship is big part of any Startup Weekend so the event in Lithuania hosted ten leading local entrepreneurs, investors and developers. One of the event's top guest was US ambassador to Lithuania Mrs Anne E. Another Startup Weekend event in Lithuania is already being planned for early autumn.

Lithuania's Practica Capital announces €15.7 Million Final Close

ArcticStartup

The VC also runs Startup.lt, an accelerator close to the center of Lithuania''s startup scene. Our fingers are getting tired of typing this intro but it''s good news for this region''s entrepreneurs.

Dragdis From Lithuania: The Ultimate Bookmarking Tool Is Finally Here

ArcticStartup

With so many great bookmarking startups such as Pocket or Finland's Kippt , you might think that the title is a huge overestimation. However, I assure you that my new favorite, Dragdis , has solved it. ?The

Tag of Joy: Games, Fun and Innovation in Lithuania

ArcticStartup

Editor’s note: This is a guest post by Conrad Rasmussen, concept designer and copywriter at Tenfour , a creative communications agency based in Töölö. I recently met Tag of Joy – the Lithuanian gaming startup –at AppCampus here in Finland.

Lithuania's Eskimi Positions itself in Africa with Partnerships with Nokia and Operators

ArcticStartup

Eskimi , the Lithuanian-founded mobile social network that''s been booming in parts of Africa, has been making a few important partnerships lately.

Lithuania's Vinted Becomes Highest Valued Baltic Startup with new €20m B-Round

ArcticStartup

VC''s are betting there''s big money in those old clothes in your closet. Lithuanian news sites are reporting that Vinted has just signed a €20 million Series B with Insight Venture Partners at a roughly €100 million post valuation. Accel also participated pro rata - previously Vinted raised $6.5 million from Accel Partners. Alan Martinson at Baltic Startup Watch points out the 80m pre-money valuation makes Vinted the highest-valued startup in the Baltics.

This year the internet arrives in Australia

Start Up Blog

Some of the countries with faster internet include Kenya, Lithuania, Slovenia, Moldova and many developing economies. We don’t really have the internet in Australia. I mean, sure we are connected to it, but we aren’t even in the top 50 countries for internet speeds.

Remarks With Lithuanian Foreign Minister Linas Linkvicius Following Their Meeting

Chaganomics

John Kerry Secretary of State Ministry of Foreign Affairs Vilnius, Lithuania September 7, 201 FOREIGN MINISTER LINKEVICIUS: We really appreciate very much (inaudible) partnership with United States, and recently to Vilnius (inaudible), and now visit of Secretary to Vilnius, it’s really proved that we (inaudible) on very good foundation and we will continue. And the story of the journey of Lithuania is a really amazing story. Why so many (inaudibles)?

Uber Aims To Double Its Lithuanian Engineering Team During 2016

ArcticStartup

Uber is launching a recruitment drive to expand its global engineering centre in Lithuania. Lithuania has some of the most talented engineers in the world and I can’t wait to recruit more of such high calibre engineers,” says Thuan Pham, Chief Technology Officer of Uber.

Lithuanian Startup Community welcomes VKontakte founder looking for freer hub

ArcticStartup

The Facebook post got a huge number of replies, but Eddy Balcikonis, CEO of Lithuania-based Trackduck wrote an open letter on his blog as an invitation from the Lithuanian startup community. Also lots of support from government to startup community with initiatives like Startup Lithuania.

Baltic startup scene in numbers

ArcticStartup

Data from Estonian Development Fund ( Startup Estonia ), Altum ( Labs of Latvia ) and Enterprise Lithuania ( Startup Lithuania ), as well as crowdsourced community sheets. in Lithuania. Latvia and Lithuania both have 3 exits, most undisclosed.

LOGIN 2015 final pitches live: today at 17:00

ArcticStartup

AtoID (Lithuania). CG Trader (Lithuania). Hello Hungry (Lithuania). PinFishing (Lithuania). Pipeline Pharma (Lithuania). Plate Culture (Lithuania). Source: Startup Lithuania LOGIN2015 in Vilnius is escalating: check out the finalists!

[Interview] Nellie Mayshak, Founder Of Canaf Consulting Associates

YoungUpstarts

It has led her to long-term assignments in locations as far flung as Liberia and Lithuania, and work that has been complex, multi-faceted and often encompassing many years.

Key facts and figures from #LOGIN2015

ArcticStartup

Here are some key facts and figures from Lithuania's biggest startup conference : We had a great time at #LOGIN2015 and met many exciting #LTstartups there. Big supermarkets count money, LOGIN 2015 team counts impact.

A list of things large companies could do without

Start Up Blog

Global alignment: Ensuring the packaging for Australia is the same as the packaging in Lithuania when the product comes out of different factories and is served in different cultures. I’ve spent an equal amount of time in large corporates and startups. With the success that large companies have achieved comes an entirely new set of cultures which they could do without. So here is my top 10 list of behaviours large companies could do without: Public reading events.

Latvia, from the Vikings to the Greeks

Chaganomics

billion (2011 est.) Exports - commodities : food products, wood and wood products, metals, machinery and equipment, textiles Exports - partners : Russia 15.7%, Lithuania 14.9%, Estonia 11.2%, Germany 6.9%, Sweden 5.2%, Poland 4.9% (2011) Imports : $15.92

Latvia 113

Why Immigration and The Fourth of July are so Entwined

Both Sides of the Table

On my mom’s side they came from Poland and Lithuania and similar such places. The Fourth of July. The day we celebrate American independence. It’s more about our celebrating what we love about our country than it is about winning a war.

Here are The Missing Positives of This Election

Both Sides of the Table

Liberia, Argentina, Bangladesh, Lithuania, Trinidad, Brazil, Kosovo, Slovenia, Denmark, Jamaica, South Korea, Norway, Poland & Croatia. It’s hard to feel any positives these days: We’re in the eye of the storm. We’re at peak anxiety. Maximum rancor.

Interview: Ututi And Lithuanian Startup Scene

ArcticStartup

Ututi is a start-up from Lithuania that has built an online portal for university students to share course and study materials. When it comes to running a start-up in Lithuania, here's what Jaro has to say. Unfortunately Lithuania is not a startup-friendly country.

Latvia – A Rising Star for International Entrepreneurs

Blogtrepreneur | Entrepreneur Blog

To complement the country’s shipping ports, a high-speed route from the Polish border to central Lithuania has already started and phase two of the project will see it connect with Latvia’s Riga and Estonia’s capital Tallinn, encompassing 455 miles altogether. Latvia isn’t a country that immediately springs to mind when you think of economic heavyweights, but this small state, tucked quietly away by the Baltic sea, is actually one the world’s growing economies.

Mokipay Offers Mobile Payments For Nearly Any Phone

ArcticStartup

Mokipay uses a sticker with a Near Field Communication (NFC) chip that attaches to the back of a smart or dumb phone, which can be read by a Mokipay reader already present in about 2000 bars, restaurants, and retailers across Lithuania.

Do Mobile Wallets need to band together?

ArcticStartup

Mobile wallets have long been popping up, and now can be brought together under Lithuania''s WoraPay , if the company uses it''s fresh €400,000 raise by Israel''s Entrée Capital correctly.

Complete Baltic Investment & VC Market Overview

ArcticStartup

We can expect to see a lot more exits from the second wave in the next two to three years, which should also add a number of good exit stories for Latvia and Lithuania. Similarly in October of 2008 the same agreement was signed in Lithuania in the amount of 290 million EUR. LITHUANIA.

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Startup Lessons Learned

Israel: Haifa Italy: Cesena Milan Rome Kuwait: Kuwait City Lithuania: Vilnius, Jasinskio 16C Vilnius, 6 Šermukšni? One of the most important things we do with The Lean Startup Conference is make a livestream of the plenary talks available for free to groups around the world, supporting entrepreneurship communities everywhere. The number of hosts has grown annually, and this year, we have 200+ groups joining us on Monday, December 3. They represent more than 10,000 people total.

Estonian Taxify first in the world to launch mobile billing for cabs

ArcticStartup

Taxify team has also revealed their plans to expandit to Latvia and Lithuania in the near future Estonian Taxify offering taxis at the push of a button in 7 countries is now making sure payments are just as easy.