Startups in Baltics: ecosystem reached breaking point and will continue growing
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The Baltic States are getting increasingly attractive for startups to establish. The pandemic challenged it; yet many startups survived, proving the strength of the regional ecosystem.
Startuoliai
With 1117 registered startups, Estonia is the Baltic country with the most startups. It rose above 1.000 companies in early 2020. According to the State of European Tech 2020 report, Estonia is the clear European capital of startups: it counts 4.6x as many startups per capita as the European average.
Lithuania is not far behind, with 1049 innovative business recorded in the Startup Lithuania database â a stable number says Roberta RudokienÄ, head of Startup Lithuania (startup ecosystem development unit of the Enterprise Lithuania). Latvia has fewer startups, a bit more than 400 registered ones. But those numbers are growing â and the pandemic didn t stop them from doing so.