Selection of tenants

Startupers, are you looking for an office change? Now could be the best time to start considering your options for the next year, especially when Vilnius Tech Park is already welcoming registrations. Since the new technology park has caught the attention of local and foreign startups – don’t miss a chance to become a part of the groundbreaking community!

If you read our previous blog post, you may already know that there are few options of getting your own spot in Vilnius Tech Park. Here’s a quick reminder:

1. You may apply to various programs held by the main tech park tenants – game developer Game Insight, venture capital fund Practica Capital and startup accelerator StartupHighway.
2. Rent a work place at TEO Hub by sending an email to jurate@vilniustechpark.com.
3. Rent an individual office by filling in the form at www.vilniustechpark.com.

Core tenants like global game developer Game Insight, startup accelerator StartupHighway, the venture capital fund Practica Capital, will move along with some of their portfolio companies. The biggest Lithuanian telecommunications company TEO will have a hub with 100 work spots available for freelancers and startupers. Aside from the mentioned companies, Vinted and Smart Vilnius will also join the park. These key players will take over a significant size of 3500 sq. m. space, however the same amount of space will be offered for other talented people and startups.

Selection committee

In order to become a true community member, you will not only have to register, but also to pass the screening process, coordinated by Vilnius Tech Park team.  7 extraordinary people will make decisions about tenants’ selection. We call this team the selection committee:

Darius Zakaitis 
Igor Matsanyuk
Kestutis Sliuzas
Donatas Keras
Antanas Miseikis
Edmundas Jakilaitis
Justas Kucinskas

Keep in mind that your strong wish to get the dream workspace is important to us, but there is also some requirements that you will have to meet in order to make it happen.

Selection criteria

The selection process will be based on a few main criteria that will eventually define the eligibility of the applicants.

First of all, selection committee members will be highly interested in the nature of activities carried out in the park by the selected company / startup / freelancer. Priority will be given to those who work within ICT sector and smart services, but the interest as well lies in the limited size hardware creation and development. It is expected to create a perfect mix of technology and creative industries which will be also taken on board. The interest in venture capital firms, start-up accelerators, start-up incubators comes without questioning. Representatives of global IT products’ or services’ brands in Lithuania (according to their needs) may also be invited to join the Campus’. Vilnius Tech Park is also looking to bring supportive businesses, such as advertising agency, media agency, HR management company, public relation agency, business consulting firms, patent attorneys, event managers, to one place, so that startups could easily collaborate and find relevant partners. Finally, food service companies will get a chance to compete for the best chef’s name.

During the selection process the committee will also pay major attention to the innovativeness of projects or products that are being developed, motivational aspect and the potential value for the whole Campus’ community.

Good news for those participants who already have meaningful achievements (implemented projects, awarded / well rated products), focus to foreign markets, or have participated in incubators’ or accelerators’ programs in the past – they will have a possibility to receive extra points.

If you are as excited as we are, start your registration process without any dwelling. And if any question pops into your mind, drop a line to jurate@vilniustechpark.com.

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