Startup Lithuania Accelerator Opens Applications for Tech Startups
Startup Lithuania, in collaboration with global innovation platform Plug and Play, is opening applications for its pioneering startup accelerator program. This strategic partnership aims to cultivate the growth of early-stage, tech-focused startups in Lithuania and across Central and Eastern Europe.
Startup Lithuania Accelerator, powered by Plug and Play, unfolds as a comprehensive 12-week acceleration program, culminating in an Expo Day. The program will grant successful startups entry into the prestigious Global Overseas Acceleration & Learning program (GOAL) in Silicon Valley. The startups will also participate in events across European cities. This initiative strives to provide startups with a global perspective and an extensive network from the program’s inception.
Gintarė Narakienė, the acting director of Startup Lithuania, encourages startups to seize the remarkable opportunity presented by this collaboration. With a commitment to invest EUR 5.9 million in at least 45 startups over the next two years, the program offers a unique chance for startups to align with a venture that seeks to redefine industry standards and propel growth. The program promises participating startups many benefits, including mentorship from global industry experts, pitch polishing workshops, and office hours with the Plug and Play team.
An exceptional feature of the program is Plug and Play’s vast global network with major corporations, facilitating invaluable connections and collaborations for startups. Selected startups may also gain access to other tailored Plug and Play programs.
Saeed Amidi, Founder and CEO of Plug and Play, expressed his optimism, stating,
“The partnership between Startup Lithuania and Plug and Play will create a pathway for early-stage tech startups to get the resources they need to succeed. The startups from this program will have the opportunity to scale, learn, and thrive in the international market, and I look forward to the innovations that will come from this.”
Application Details
The selection process commences after the open call for applications, with the Plug and Play team conducting a thorough analysis. The Plug and Play Investment Committee will consider and make the final selection from among the most promising startups. The deadline for applications is February 15, 2024.
In conclusion, Startup Lithuania Accelerator emerges as a gateway for startups seeking accelerated growth and global recognition, promising an exciting journey of innovation and collaboration. Interested startups are encouraged to seize this unparalleled opportunity and be part of a transformative experience.
