Technology

Lithuania. The best new home for your tech
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Lithuania has become a regional center of excellence for global technology companies looking to  harness the quality competences the country has to offer – whether it’s  in the fields of software engineering, AI-driven solutions, fintech product development or compliance & AML. And the sector is not only rich in expertise, it’s also a hub of innovation.  Lithuania has one of the fastest growing startup ecosystems in the region. The number of start-ups has more than doubled over the last decade to 1000 and there are now over 200 Fintechs operating here, making it the 2nd largest Fintech hub in Europe by number of licensed companies.

Ease of doing business

#11

ICT professionals employed

#4

Lithuania’s position in the Global Fintech Ranking

#1

Global ranking of Vilnius in Tech Startups FDI Attraction Index

Lithuania is home to an IT talent pool that continues to grow year by year. Universities are the main drivers of this growth, working closely with the Lithuanian IT sector to deliver programs that produce a constant flow of industry ready professionals.  Complementing this flow are the growing numbers of skilled Lithuanians returning from abroad, and the junior developers entering the market every year thanks to retraining programs. Not only that, the country is also becoming a lure for young international professionals looking to kickstart their careers. Lithuania’s highly educated, skilled and multilingual workforce is a key factor for companies choosing Lithuania to develop and scale their global IT businesses.

25%

Talent pool growth since 2015

Women Engineers And Scientists

1st in EU

for share of women scientists and engineers

2nd in EU

56% of young population with higher education

Lithuania is a place where global technology companies can innovate at a massive scale. In addition to a diverse talent pool, cutting-edge research from top universities and attractive R&D tax incentives, you get government-level support of innovations via sandboxes across different sectors. These sandboxes allow companies to test and pilot new projects, improve their technology and showcase their products to a functioning market. With world-class infrastructure and a goals-driven talent pool, global IT players have everything they need to nurture innovative solutions to match the challenges of tomorrow.

1st in EU

for university-business collaboration in R&D

Innovation related studies

¼ of students in Lithuania

enrolled in Science, Mathematics, Computing and Engineering.

Energy Sandbox

Launched by Ignitis Group, this initiative provides free access to the infrastructure and data to energytech companies.

Fintech Sandbox

Launched by Bank of Lithuania for innovative developers to test new financial technology products under the guidance and supervision of the regulator.

Proptech Sandbox

Vilnius-based Realbox accepts applications from PropTechs around the globe to test their business ideas in a live Real Estate industry environment.

Open Banking Sandbox

Launched by major commercial banks (Swedbank and SEB) to allow third parties to develop solutions by accessing various banking APIs

Industries we are proud of

Fintech

With the fastest license issuing in the EU, plus direct SEPA access and strong institutional support, Lithuania is Fintech ready.

Cybersecurity

Lithuania’s ecosystem boasts rapid infrastructure and a deep pool of talent who deliver critical services for global tech giants.

Software engineering

Looking for best-in-class IT talent, a young and inclusive tech community and a great quality-to-cost ratio? Lithuania covers all bases.

Game development

For Gamedev, Lithuania is the perfect fit. A close-knit community, highly skilled and creative talent, and strong support for the sector.

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Have questions? Contact our team

Gintarė Bačiulienė
Head of Technology Team

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