In this month's newsletter, we're thrilled to share some of the latest news and updates from Vilnius TechFusion.
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A Toast to Tech: Our One-Year Anniversary
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As we celebrate Vilnius TechFusion's first anniversary, let's take a moment to reflect on our monumental strides! Vilnius has stepped up its game, with our tech scene echoing with innovation. The Baltic Classifieds Group (BCG) joined the exclusive unicorn (or as we call it, wolficorn in Vilnius) club, standing tall alongside Vinted and Nord Security. Furthermore, Europe's pioneering autonomous carriers commenced operations right in the heart of our city. With Vilnius topping this year’s Business-Friendly City Perception Index, emerging as Europe's premier destination for businesses, we eagerly await the inauguration of Europe's largest tech campus in 2024. It's clear that Vilnius is staking a claim in territories that even challenge Silicon Valley.
The incredible journey of Vilnius TechFusion is a testimony to our vibrant ecosystem, enriched with partners, community members, businesses, investors and exceptional talents. As we raise a toast to our monumental first year, remember, this celebration belongs to each one of you. Here's to our shared triumphs and the many more milestones to come! With this spirit, let's delve into this month's newsletter and keep the momentum going with
the latest updates!
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Lithuania's gaming industry is blazing forward, set to hit €1B by 2030
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Valued at $159.3B, the global gaming industry has left its counterparts in film and music eating its pixelated dust. Gamers are levelling up, with the average age now at 35. And Lithuanian talents are riding this wave with style. Vilnius TechFusion reports a 98% growth in Vilnius' gaming workforce between 2020 and 2022.
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78% of respondents in Lithuania advise relatives to join startups
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Unicorns Lithuania commissioned a public opinion poll and here's the scoop: 25% of respondents are declaring, "Startup life is the place to be, offering potential and incredible opportunities!" Meanwhile, 10% are sounding the alarm bells, highlighting the turbulence of instability and uncertainty.
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G. Skaistė: Lithuania is ideal for new European AML Authority in Vilnius
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The EU is initiating the Anti-Money Laundering Authority (AMLA). Lithuania is actively pursuing hosting its HQ in Vilnius, communicating this ambition to EU ambassadors, economic leaders and key European Commission and Parliament representatives.
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Leader’s opinion. Ekmel Cilingir: why Lithuania’s Fintech is booming
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Ekmel Cilingir, Chairman of the Supervisory Board of the European Merchant Bank, highlights Lithuania's rising reputation in Fintech. In 2022, the sector attracted a notable €67.9M in investments flowing into Lithuanian coffers.
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Lithuania's Taipei laser lab is supercharging the Vilnius-Taipei partnership
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This 11 September was a day of laser-powered breakthroughs, as Lithuania proudly unveiled its laser laboratory in Taiwan. It's a game-changer, propelling laser tech to new frontiers and ushering in a wave of cutting-edge innovations!
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Teltonika invests €75M in Vilnius to forge a new electronics assembly plant
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Teltonika secured the green light to construct a brand-new electronics assembly plant in the Teltonika High-Tech Hill Technology Park. It will produce innovative IoT products and offer premium contract manufacturing services.
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This US company handpicked Vilnius for its new office
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AccuSourceHR, a major player in employee background checks, is set to open its new office in Vilnius! Dan Filby, the brains behind AccuSourceHR, attributes this strategic move to vibrant local partnerships with the likes of Go Vilnius, the Vilnius TechFusion powerhouse and Invest Lithuania.
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TransferGo founders are the first Lithuanians to join this entrepreneur network
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Daumantas Dvilinskas and Justinas Lasevičius, the brains behind global sensation TransferGO, have earned their place in Endeavor, the heavyweight champion of global entrepreneurial ecosystems. Endeavor is all about those who dream big, scale relentlessly and pay it forward.
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In our conversation with Tomas Banišauskas, the CEO of Bored Panda discusses one of the most successful Lithuanian projects in the country's internet history. He sheds light on how what began as one person's quest to combat boredom has blossomed into a company generating millions in profits. We invite you to delve into this fascinating story.
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1 on 1. Startups Meet Investor
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Conf. of AmCham Lithuania
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Hurry up - 30 September is the last day to apply
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Vilnius is My City: 2,000 people from 76 countries
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Take tourism in Lithuania to the next level
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Gynėjų st. 16, Vilnius Lithuania
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