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2021 02 11
3 Lithuanian AI startups to keep an eye on in 2021

Lithuania currently hosts over 40 mature AI companies and about 100 startups developing AI solutions. Country’s AI ecosystem keeps expanding at a rapid pace with more and more AI startups emerging.  Here are the startups MITA project AI BOOST Lithuania recommends keeping under your radar in 2021 to see innovative AI solutions unfold!

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2021 01 12
8 Reasons Why Early Stage Startups Fail

Global statistics show that 9 out of 10 startups fail before even developing their ideas: 20 percent of them die in the first year of their existence, another 30 percent in the second year. What are the biggest and most common mistakes made by early stage startups and how can they be avoided? Mentors of the TechHub startup pre-acceleration program at the Agency for Science, Innovation and ...

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2021 01 04
Registration for the Second Cycle of the TechHub Pre-Acceleration Program Begins

The Agency for Science, Innovation and Technology (MITA) invites startup teams to register for the second cycle of the TechHub pre-acceleration program. During the program 25 startups will participate in a three-month training course, in which, with the help of innovation experts and personal mentors, they will develop their ideas, gain the ...

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2020 12 10
Lithuania’s AI Lab aims at making a leap in AI progress

Lithuania is widely known as a global fintech hub, however its growing AI potential is hard to ignore with multiple AI startups emerging in recent years and a wide range of companies actively executing AI solutions. A country of roughly 2.5 million people currently hosts over 40 mature AI companies and 100 startups developing AI solutions. To further maximise Lithuania’s ...

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2020 12 07
Israeli Startups & Accelerators Guru: Survive the Pandemic and Investors Will Appreciate it

COVID-19 definitely had and still has an impact on the startup ecosystem worldwide. Some innovative businesses face the challenge of survival, it became more difficult to attract investments and make sales. However, others have successfully implemented their ideas in response to current market needs. How to survive the pandemics ...

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2020 10 12
Registration for the TechHub Startup Pre-Accelerator begins

The Agency for Science, Innovation and Technology (MITA) invites startups, as well as individuals who would like to join other teams, to register for the TechHub pre-accelerator. During the program, startups will participate in a three-month training course, in which, with the help of innovation experts and personal mentors, they will develop their ideas, gain the ...

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2020 10 05
Mentored Startups Grow Faster: Turn Your Ideas Into an Innovation with “TechHub”

The pandemic has shown that every crisis can be a time of opportunities. A number of companies have already started looking for solutions in different spheres, such as e-commerce, health, work optimization and  some others, but the market still needs innovations that can solve various pressing issues. The “TechHub” project, implemented by ...

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2020 07 10
New opportunities for Lithuanian business to cooperate with Norway

It is no secret that Norway is one of the ten greenest countries in the world. According to the United Nations' Good Country Index, Norway is the global leader in contributing to climate change mitigation. Innovative local businesses are developing green products and technologies and investing in businesses abroad, hereby making an important contribution to this ...

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2020 07 07
The call for proposals under a green industry innovation

On 24th of July, the Agency for Science, Innovation and Technology (MITA) will announce the call for proposals under a Green industry innovation, including bio economy, focus area of the Norwegian Financial Mechanism programme “Business Development, Innovation and SMEs“ will be open. Investments will be made into projects that develop new bio-based products, ...

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2020 05 22
MITA has joined efforts to promote agro-innovation

Aiming to promote innovation in agri-food sector in Lithuania, MITA will contribute to the implementation of the Lithuanian Action Plan, developed under a project "Innovation-driven agri-food sectors for a European industrial renaissance" (AgriRenaissance). MITA will cooperate with a number of partners, including National Paying Agency and the Lithuanian Institute of Agrarian ...

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2020 05 21
"Fintech Week Lithuania" goes online

"Fintech Inn", the largest Fintech conference in the region, has been postponed to 28-29 April 2021 due to the Covid-19 pandemic. However, the organisers have come up with an online alternative this summer. "Fintech Week Lithuania", taking place on June 15-18, will be providing a virtual conference experience with scheduled, keynote speeches, panel discussions, awards and B2B meetings. The four-day ...

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2020 05 06
Devold is creating unique innovation with Lithuanian robotics company

Norwegian wool producer Devold is implementing an unprecedented R&D project together with Factobotics, robotics company from Lithuania. An innovative Overhead robotic system will increase efficiency of sewing processes. The new solution is planned to be scaled and offered to other manufacturing companies.

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