Tech
Lithuania's techsector at a glance
Lithuania has become a regional centre 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, game development, AI-driven solutions, fintech product development or compliance & AML. And the sector is not only rich in expertise, it is 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 the number of licensed companies.
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#10Lithuania’s position in the Global Fintech RankingSource: Global Fintech Index 2021 -
#1Global ranking of Vilnius in Tech Startups FDI Attraction IndexSource: FDI Intelligence, Tech Start-up FDI Attraction Index 2019 -
42KICT specialists employedSource: Government Strategic Analysis Center, 2020 -
3rd in the EUfor the share of population with higher educationSource: Eurostat, 2019
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Target sectors
This page contains an overview of the whole Tech landscape in Lithuania. If you want deeper insights on what Lithuania has to offer to each of the following sectors, continue exploring here:
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FintechFintech. With a streamlined licensing process, global players and strong institutional support, Lithuania is Fintech ready.
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CybersecurityLithuania’s ecosystem boasts rapid infrastructure and a deep pool of talent who deliver critical services for global tech giants.
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Software engineeringLooking for best-in-class IT talent, a young and inclusive tech community and a great quality-to-cost ratio? Lithuania covers all bases.
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Game developmentFor Gamedev, Lithuania is the perfect fit. A close-knit community, highly skilled and creative talent, and strong support for the sector.
Reasons to choose Lithuania
Talent that helps you excel
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 technology 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 and coding courses. Not only that, the country is also attracting a growing number of international professionals that find exciting job opportunities in our vibrant tech ecosystem. Lithuania’s highly educated, skilled and multilingual workforce is a key factor for companies choosing Lithuania to develop and scale their global technology businesses.
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36Ksoftware developers in LithuaniaSource: Invest Lithuania, 2021 -
2Kgraduates from universities and colleges annuallySource: Ministry of Education, 2021 -
2.5Kgraduates from requalification programs annuallySource: Invest Lithuania, 2021 -
1st in the EUfor the share of women scientists and engineersSource: IMD World talent ranking, 2020
Infrastructure that’s made
for innovation
Lithuania is a place where global technology companies can innovate, test their innovations and scale rapidly. In addition to a diverse talent pool, Lithuania offers cutting-edge research from top universities and attractive R&D tax incentives, as well as access to a range of 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. Enabled by the 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.
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1st in CEEfor university-business collaboration in R&DSource: Global Competitiveness Report, 2019 -
¼ of students in Lithuaniaenrolled in Science, Mathematics, Computing and EngineeringSource: Ministry of Education, Science and Sport, 2019 -
Ranked 2nd globallyby Bloomberg for 'tertiary efficiency', which includes enrolment in higher education and the number of graduates in key innovation sectorsSource: Bloomberg innovation index, 2020
Test and pilot your new products
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Energy SandboxLaunched by Ignitis Group, this initiative provides free access to the infrastructure and data to energytech companies. -
Fintech SandboxLaunched by Bank of Lithuania to test new financial technology products under the guidance and supervision of the regulator. -
Proptech SandboxRealbox accepts applications from PropTechs around the globe to test their business ideas in a live real estate industry environment. -
Open Banking SandboxesAvailable through major commercial banks (Swedbank, SEB, Medicinos bankas) to allow companies develop next generation digital solutions through APIs.
