Vilnius to Build Europe’s Largest Tech Campus at €100M Cost

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Lithuania is vying to become a major European tech hub, with governmental efforts to attract an internationally acclaimed startup accelerator to the country. In addition, a new €100 million private initiative has been announced to create what is touted as Europe’s largest tech campus, Tech Zity, situated in the heart of Lithuania’s capital Vilnius.

Tech Zity is set to open in 2024, with office space for 5,000 workers, auditoriums for meetings and events, and more. In addition, a key selling point will be its focus on hybrid working, with a 24/7 ethos supported by co-living spaces, restaurants and bars for out-of-work socializing.

At 55,000 square meters, Tech Zity would be nearly two-thirds bigger than Paris’s Station F. The project’s funding comes from several sources, with €30 million committed so far, and the search underway for an additional €70 million from various sources including banks and private investors.

Lithuania’s startup ecosystem currently employs around 18,000 people, with the new campus aimed at a diverse audience that fosters connections and drives the creation of new products. Tech Zity’s focus is designed to attract everyone, from individual freelancers who can work from cafes or other shared working spaces, to companies ranging from five to 300 employees.

The Tech Zity brand already exists across Lithuania, with four smaller hubs operational in the capital and surrounding areas including Tech Loft, mainly targeted at seed-stage startups; and Tech Arts, a hybrid co-working and events space.

The Tech Zity Vilnius site is located less than two miles from the city center, and just a 10-minute walk from the headquarters of Vinted and Nord Security, who recently moved into their new HQ in the new Cyber City complex. Tech Zity is not competing with Cyber City; instead, the aim is collaboration to turn this part of Vilnius into a Lithuanian Silicon Valley.

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One of the main goals of the Tech Zity transformation is to upcycle much of the original materials on the old industrial site, from adapting old sewing machine parts for chairs and phone booths to repurposing old ventilation systems for boardroom tables and kitchen equipment. With plans for 70 to 80 co-living loft spaces above the offices, Tech Zity will serve the needs of companies operating within the project who receive guests, as well as those looking for short-term and long-term accommodation options.

Frequently Asked Questions (FAQs) Related to the Above News

What is Tech Zity?

Tech Zity is a new €100 million private initiative to create what is touted as Europe's largest tech campus situated in the heart of Lithuania's capital Vilnius.

When is Tech Zity set to open?

Tech Zity is set to open in 2024.

How many workers will Tech Zity have office space for?

Tech Zity will have office space for 5,000 workers.

What is Tech Zity's focus?

Tech Zity's focus is on hybrid working, with a 24/7 ethos supported by co-living spaces, restaurants and bars for out-of-work socializing.

Where is the Tech Zity Vilnius site located?

The Tech Zity Vilnius site is located less than two miles from the city center and just a 10-minute walk from the headquarters of Vinted and Nord Security.

What is Lithuania's startup ecosystem like currently?

Lithuania's startup ecosystem currently employs around 18,000 people.

What is the aim of Tech Zity's transformation?

One of the main goals of the Tech Zity transformation is to upcycle much of the original materials on the old industrial site.

Are there any other Tech Zity hubs in Lithuania?

Yes, there are four smaller Tech Zity hubs operational in the capital and surrounding areas including Tech Loft, mainly targeted at seed-stage startups and Tech Arts, a hybrid co-working and events space.

Is Tech Zity competing with Cyber City?

No, Tech Zity is not competing with Cyber City; instead the aim is collaboration to turn this part of Vilnius into a Lithuanian Silicon Valley.

Who is Tech Zity aimed at?

Tech Zity is aimed at a diverse audience that fosters connections and drives the creation of new products, ranging from individual freelancers who can work from cafes or other shared working spaces to companies ranging from five to 300 employees.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

Advait Gupta
Advait Gupta
Advait is our expert writer and manager for the Artificial Intelligence category. His passion for AI research and its advancements drives him to deliver in-depth articles that explore the frontiers of this rapidly evolving field. Advait's articles delve into the latest breakthroughs, trends, and ethical considerations, keeping readers at the forefront of AI knowledge.

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