TechZity, set to open in Lithuania's capital Vilnius by 2028, is poised to become Europe’s largest startup hub, hosting 5,000 workers across a 55,000 square meter site. Co-founder Darius Zakaitis highlights the site's central location and creative-friendly architecture, with €100 million invested to help drive Lithuania’s economic growth—aiming for startups to contribute 25% of GDP by 2030.

Lithuania, despite its small size, leads the EU in Fintech licenses thanks to streamlined regulations. Entrepreneurs benefit from close ties with regulators, fostering rapid innovation. However, experts stress the need for increased government funding, especially in deep tech, to help Lithuania scale beyond its current three unicorns and solidify its startup ecosystem.

 

This video summary was created by AI from the original DW script. It was edited by a journalist before publication.