Digital VilniusConcept

Mindaugas DanysSeptember 2013

Accumulate public and private resources in building, developing and promoting IT based ecosystem and infrastructure in Vilnius

Encourage growth of technology based startups Promote Vilnius as ideal location for ICT based

multinationals Keep Vilnius on the map as an ICT and startups

capital of the Baltics Engage citizens in using and applying

technologies Promote open source solutions

objectives

Dispersed resources Lack of ownership Uncoordinated activities Lack of single voice No point of entry

Set up a broad partnership with strong and sustainable executive team as well as efficient physical and virtual presence

Similar to Tech City UK, NYC Digital, Startup Lisboa, Barcelona Activa, Digital Tel Aviv etc.

Tech City UK: http://youtu.be/wxqWvcFApuo

idea

Vilnius City Municipality Multinationals operating in Vilnius: Barclays,

Western Union Local ICT companies Other progressive businesses: banks, mobile

operators, property developers, PR/advertising etc.

Universities Venture capital Enterprise Lithuania and Invest in Lithuania Startup community, INFOBALT, AppCamp,

HubVilnius

partnership

LOGIN, Silicon Valley Comes 2 Baltics, AppCamp

Practica Capital & Startup Highway Hub Vilnius and technology parks International School of Management Role models for startups: Pixelmator, Mano

drabuziai, Tranfergo, Adduplex, XTgem etc. E-solutions: Vilniecio kortele,

resources to build up

Coworking space & accelerator Running events Coordinated promotional activities Matchmaking and training of ICT professionals Startup awards Liaising, networking and representing Vilnius

ICT and startup ecosystem Promoting ICT education and training across

all levels of education Fostering pipeline of startups

activities

Running the coworking and events space Providing matchmaking services Training ICT professionals ? Recruiting Promotional activities – bundling resources

together

business model

Annual partners’ membership fee of 10.000 Litas (totaling 200.000 Lt)

Sponsorships, EU funding etc In kind contributions: facilities, office

equipment, advertising space etc. Revenues from coworking, training and

events Total annual budget 500.000 Lt Costs: staff, operational costs, marketing

budget

revenues/costs

Non profit company is in charge of coordination of activities

Management board supervises strategic issues

Small executive team carry out daily operations

management

Increased number of startups Increased value of companies More venture capital invested and attracted New ICT multinationals attracted More high value added jobs created and

retained Increased availability of ICT professionals Startup education integrated into university

curriculum Sustainable growth and multiplication effects

across different sectors

results

Mindaugas.danys@gmail.com

contacts