In Vilnius, they plan to create the largest tech campus in Europe. It should be built on the site of an old garment factory and open in 2024, writes TechCrunch.
The project is called Tech Zity, and the amount of private investment in it will amount to 100 million euros. The campus will have office space for 5,000 employees, auditoriums for meetings and events, etc. One of the project’s advantages is its focus on hybrid work. So there will be shared living spaces, restaurants and after-hours bars that will be open 24/7. In total, the area of Tech Zity will be 55 thousand square meters.
The main target market for Tech Zity will be startups. But ultimately, it will be aimed at everyone, from individual freelancers who might work in cafes or other shared workspaces to companies with five to 300 employees.
“We estimate that there are currently 18,000 employees working in Lithuania’s startup ecosystem,” Tech Zity founder Darius Žakaitis said. “We aim to have a diverse audience that fosters connections within Lithuania’s startup ecosystem and drives the creation of new products. We are also open to and engaged in discussions not only with local companies but also with international companies interested in establishing a presence in Vilnius through the Invest Lithuania program or invited by the Bank of Lithuania, particularly in fintech.”
As you know, Lithuania is trying to become one of the main European tech hubs. This, in particular, is facilitated by the growing number of so-called “unicorn” startups.