Marijus Briedis, Nord Security's chief technology officer, reflects on the transformation of Vilnius' former "no-go zone" into a thriving tech hub, noting that it was once filled with "Soviet-era factories, ramshackle buildings, and unsavory characters". He emphasizes the rapid change, driven by a booming startup scene that has redefined the area and attracted tech giants, seeing it now as a vibrant ecosystem, inspired by locations like Silicon Valley.
The growth of Lithuania's startup ecosystem from 2018 to 2023 has been remarkable, with the combined enterprise value increasing more than sevenfold. With over 900 startups now operating in the country, the narrative has shifted from being merely a budget-friendly travel spot to a serious player in the tech world. This evolution showcases the potential and innovation that the local entrepreneurs have brought to the landscape.
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