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Sifted. ‘The G-spot of Europe’: Vilnius is trying to attract international tech talent


Talent is the number one need of Vilnius’s booming tech community — which counts more than 700 startups and several unicorns, including secondhand clothing marketplace Vinted and cybersecurity company Nord Security. “It’s the gold of the 21st century,” Aušrinė Armonaitė, Lithuania’s 34-year-old minister for tech and innovation, tells Sifted.

But, with an overall population of roughly 2.8m people, tiny Lithuania might simply not have enough of it. There are currently more than 15k open positions in the wider IT ecosystem in Vilnius, which is the home of the vast majority of the country’s startup scene.

Armonaitė says that while the government is working on upskilling and reskilling local workers to accommodate the sector’s needs, it’s also coming up with incentives to make Lithuania “a more favourable destination” for foreign tech workers, including a one-off relocation payment of nearly €3,000 for some high-earning tech professionals.

But will it be enough?

Click the link to read original Sifted article about Vilnius TechFusion ecosystem: