Lithuania: top cities for startups 2023

With a score of 8.73, Vilnius was the leading city for startups in Lithuania in 2023. Kaunas followed, having earned a score of about 3.5 in the period observed. Furthermore, the Lithuania's capital ranked third among the major cities for startups in Central and Eastern Europe (CEE) in 2022. The score was based on several indicators, such as the number of startups in each city, the startups' qualitative results, and the cities' business and economic indicators.

Leading cities for startups in Lithuania in 2023, by score

Characteristic	Score
-	-
-	-
-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

In cooperation with

Release date

2023

More information

Region

Lithuania

Survey time period

2023

Supplementary notes

The source states that the total score of the rankings is a sum of the quantity, quality, and business environment individual scores. The score ranges from 0 to 546.427 points (maximum score awarded to San Francisco, U.S., the best ranked city in the world according to the Startup Ecosystem Rankings 2023 report).

Quantity Score: Takes into account different metrics, such as number of startups, number of coworking spaces, and number of accelerators, to establish the activity level of the startup ecosystem.
Quality Score: Studies parameters that indicate qualitative results achieved by the ecosystem. These parameters include analyzing the traction of the ecosystem’s top startups, as well as reviewing “special entities” the ecosystem has produced: Unicorns, Exits, and Pantheon.
Business Score: It is a mix of business and economic indicators at the national level, discounted for cities that haven't reached a critical mass either for Quantity or Quality.

Score figures have been rounded.

Citation formats