The current building – a 200+ year old military hospital – will be renovated, upgraded, and subsequently used for offices of startups, as well as temporary living spaces for outside talent.
„The goal is that Vilnius Tech Park will become the biggest technical hub in the capital, attracting and uniting local and international talent in the gaming, big data, cyber security, and visual graphics sectors, and will predominantly be supported by public companies. We hope, this process will be completed by the summer of 2015. This type of project will help to increase salaries, and to keep talent in Lithuania and not go to, for example, the UK", – said the Mayor A.Zuokas.
Currently there are ten companies supporting the project: Game Insight – which has relocated its HQ from Moscow to Vilnius and is the lead tenant – Teo, IMI, Invest Lithuania, Enterprise Lithuania, Smart Vilnius, Practica Capital, Startup Highway, BaltCap, Vinted, and the city of Vilnius itself.
At 10,000 square metres – with a further 5,000 square metres available for future expansions. The park will re-open as part of this deal, and all income from the rent of the land will be used by the city of Vilnius to furthur improve the campus and surroundings.
