"Darius Zakaitis, one of TechZity's founders, notes that office spaces in the project will have high ceilings which is "very important." "Scientific research has proven that the so-called cathedral effect boosts creativity," he told DW while walking across one of the floors of one building, which used to be a sewing factory. "Plus, the young entrepreneurs will be surrounded all day by equally creative people. That's how they come up with fresh ideas and the magic starts," he added."
"The entrepreneur and his business partners are investing 100 million ($117 million) in the startup hub. As Lithuania does neither have natural resources, nor many inhabitants, "we need to be very good in something," he explains. "I think startups are a good choice, as we know how to work hard and a lot of us speak good English. In 2030, we could achieve 25% of our GDP through the startup sector. And yes, that's very ambitious the share now amounts to five percent," Zakaitis said."
TechZity will become Europe’s biggest startup hub by the end of 2028, hosting 5,000 workers on roughly 55,000 square meters and including cafes, restaurants, a fitness center, and flats. Founder Darius Zakaitis and partners are investing 100 million ($117 million). Office spaces will feature high ceilings to evoke a "cathedral effect" intended to boost creativity and foster idea exchange among entrepreneurs. Lithuania lacks natural resources and a large population, so investors aim to excel in startups. The startup community seeks to follow the fintech sector’s lead and aims to grow its GDP share from five percent to 25 percent by 2030.
Read at www.dw.com
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