Digital Vilnius Concept paper

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Digital Vilnius is a new initiative to promote and develop ICT based startups and businesses in Vilnius.

Digital Vilnius is a new initiative to promote and develop ICT based startups and businesses in Vilnius.

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  • 1. Concept Mindaugas Danys September 2013
  • 2.  Accumulate public and private resources in building, developing and promoting IT based ecosystem and infrastructure in Vilnius  Encourage growth of technology based startups  Promote Vilnius as ideal location for ICT based multinationals  Keep Vilnius on the map as an ICT and startups capital of the Baltics  Engage citizens in using and applying technologies  Promote open source solutions
  • 3.  Dispersed resources  Lack of ownership  Uncoordinated activities  Lack of single voice  No point of entry
  • 4.  Set up a broad partnership with strong and sustainable executive team as well as efficient physical and virtual presence  Similar to Tech City UK, NYC Digital, Startup Lisboa, Barcelona Activa, Digital Tel Aviv etc. Tech City UK: http://youtu.be/wxqWvcFApuo
  • 5.  Vilnius City Municipality  Multinationals operating in Vilnius: Barclays, Western Union  Local ICT companies  Other progressive businesses: banks, mobile operators, property developers, PR/advertising etc.  Universities  Venture capital  Enterprise Lithuania and Invest in Lithuania  Startup community, INFOBALT, AppCamp, HubVilnius
  • 6.  LOGIN, Silicon Valley Comes 2 Baltics, AppCamp  Practica Capital & Startup Highway  Hub Vilnius and technology parks  International School of Management  Role models for startups: Pixelmator, Mano drabuziai, Tranfergo, Adduplex, XTgem etc.  E-solutions: Vilniecio kortele,
  • 7.  Coworking space & accelerator  Running events  Coordinated promotional activities  Matchmaking and training of ICT professionals  Startup awards  Liaising, networking and representing Vilnius ICT and startup ecosystem  Promoting ICT education and training across all levels of education  Fostering pipeline of startups
  • 8.  Running the coworking and events space  Providing matchmaking services  Training ICT professionals  ? Recruiting  Promotional activities – bundling resources together
  • 9.  Annual partners’ membership fee of 10.000 Litas (totaling 200.000 Lt)  Sponsorships, EU funding etc  In kind contributions: facilities, office equipment, advertising space etc.  Revenues from coworking, training and events  Total annual budget 500.000 Lt  Costs: staff, operational costs, marketing budget
  • 10.  Non profit company is in charge of coordination of activities  Management board supervises strategic issues  Small executive team carry out daily operations
  • 11.  Increased number of startups  Increased value of companies  More venture capital invested and attracted  New ICT multinationals attracted  More high value added jobs created and retained  Increased availability of ICT professionals  Startup education integrated into university curriculum  Sustainable growth and multiplication effects across different sectors
  • 12.  Mindaugas.danys@ gmail.com