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Vilnius to Build Tech Park in 19th Century Hospital (0)

2014-11-06
Mayor Arturas Zuokas has announced the construction of the Vilnius Tech Park, a hub for startups and other businesses engaged in the ICT industry in Lithuania. The Vilnius Tech Park will be located in Sapiega Park and will be housed in what is currently a run down 19th century hospital. The building is a more than 200 year old former military hospital that will be renovated and upgraded for use by start-up offices and as temporary living quarters for outside talent.

“The Vilnius Tech Park will attract and unite local and international talent in the gaming, big data, cyber security, and visual graphics sectors and has received significant support from the private business sector. It will contribute towards increasing salaries and in keeping talent in Lithuania, rather than emigrating. We hope that the entire process will be completed by the summer of 2015,“ stated Mayor Zuokas.

Ten companies are currently on board with the project. The lead tenant is Game Insight which has relocated its headquarters from Moscow to Vilnius. Other companies and groups that are actively involved are Teo, IMI, Invest Lithuania, Enterprise Lithuania, Smart Vilnius, Practica Capital, Startup Highway, BaltCap, Vinted, and the City of Vilnius itself.

The surrounding Sapiega Park will also be rejuvenated and opened for public use using income generated from the rentals.

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