The Lithuanian Prime Minister invites Silicon Valley venture capitalists to invest in Lithuania

February 3, 2010 at 12:58 am 2 comments

Continuing his working visit to the U.S., Prime Minister Andrius Kubilius visited Silicon Valley, San Francisco, where he met with one of the most powerful groups in the IT sector, i.e. members of major Venture Capital Association Accel Partners and other IT investors. Accel Partners and associated investors hold many well-known IT companies, including MySpace,, Macromedia, etc. Henri Mossinac, who had invested in Facebook at its rudimentary stage, was also present.

Prime Minister Andrius Kubilius invited investors to turn an eye to Lithuania, a country that boasts highly skilled multilingual workforce and one of the best IT infrastructures in Europe and the world. According to the Prime Minister, Lithuania is an ideal place for venture capital to invest, as this is about the “investment in courage, and the Lithuanian IT sector is full of bold ideas”.

Investors got interested in the list of promising Lithuanian IT companies, drawn by the Lithuanian government.

The participants of the meeting included Ilja Laurs, founder and CEO of GetJar, the only Lithuanian capital company with the head office in the Silicon Valley. GetJar has grown into a world`s largest independent mobile apps store following the investment by Rich Wong from Accel Partners.

“Prime Minister Andrius Kubilius’s visit is very important in terms of Lithuania`s image building. The information American companies have about our country is scarce. Therefore, every opportunity must be seized to increase investor awareness about investment opportunities in Lithuania, and to offer an individual and flexible approach in each investment case. I am certain that the Prime Minister’s visit will yield tangible results”, – said Ilja Laurs.

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Entry filed under: Economics, Lithuania, Northern Europe, USA.

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2 Comments Add your own

  • 1. observer  |  February 3, 2010 at 5:26 pm

    Interesting. I thought Estonia had de facto become the “IT whizkid” of the Baltics. The recent decision by Barclays to base its technology hub in Vilnius now makes me question that.

  • 2. Lituanica  |  May 6, 2012 at 12:26 am

    Hmmm, Lith guys, erect more (often), romance it up, make some more backpacksuckers, so your populace swells to 5 to 10 million, as the least, in order to make yourselves more attractive to capitalistico investors, so to speak. Midgets may look cool, but no one wants to make them mules, you know what I mean?


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