Startup Lithuania, a Vilnius, Lithuania-based ecosystem facilitator, has partnered with global innovation platform Plug and Play, and has opened applications for their first startup accelerator program.
The partnership will see the launch of a multi-year accelerator program aimed at nurturing early-stage, tech-focused startups in Lithuania and across Central and Eastern Europe.
The Startup Lithuania Accelerator powered by Plug and Play will consist of a 12-week acceleration program, culminating in an Expo Day. Startups of the program will join the Global Overseas Acceleration & Learning program (GOAL) in Silicon Valley and other events in European cities.
The program aims to provide startups with a global experience and a worldwide network from the onset and will offer a range of benefits to participating startups. These include mentorship from global industry experts, pitch polishing workshops, office hours with the Plug and Play team, and an Expo Day, where startups will pitch their innovative ideas to a diverse range of potential investors and corporations from international markets.
The selection process will begin following the open call for applications. The Plug and Play team will conduct a comprehensive analysis of applicant companies, presenting the most promising startups to the Plug and Play Investment Committee for final selection.
The last day to apply is February 15, 2024.
Startup Lithuania, the national startup ecosystem facilitator, is powered by Innovation Agency Lithuania, a non-profit agency under the Ministry of Economy and Innovation of the Republic of Lithuania, established to promote entrepreneurship, support business development, and foster export. It collects data about Lithuanian startups, consults startup founders, administrates online pre-acceleration program Startup Guide and Startup Visa Lithuania, and organizes different events and workshops, including Startup Fair – the main startupsʼ event in Lithuania.
Plug and Play is an innovation platform connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, it has offices in 50+ locations across five continents. Plug and Play offers corporate innovation programs and help its corporate partners in their innovation journey, from education to execution. It also organizes startup acceleration programs and has built an in-house VC to drive innovation across multiple industries where it invested in companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi.