Startup Lithuania opens third call for its accelerator program powered by Plug and Play

Startup Lithuania has launched the third open call for applications for the Startup Lithuania Accelerator, powered by Plug and Play. The application is now open and will run until November 1, 2024.

The Startup Lithuania Accelerator powered by Plug and Play consists of five accelerator batches over three years, including an annual Global Overseas Acceleration & Learning program (GOAL) in Silicon Valley. The program is designed to provide startups with immediate access to a global experience and an expansive international network.

Karolis Žemaitis, Vice-Minister of Economy and Innovation, Lithuania: "24 startups have successfully participated in the first two batches of the Startup Lithuania Accelerator, showcasing the tremendous potential of Lithuanian startups. For example, AQ22 developed cutting-edge AI assistants to optimize human work and earned a spot in the prestigious GOAL program in Silicon Valley. Similarly, Boop and Kloosive secured significant investments. These successes demonstrate how the accelerator transforms local innovators into global competitors."

The program offers a range of benefits to participating startups. These include mentorship from industry experts, pitch polishing workshops, office hours with the Plug and Play team and an Expo Day, where startups can present their innovative products or services to diverse potential investors and corporations from international markets.

Following the application period, the Plug and Play team will conduct a comprehensive evaluation of all applicants, presenting the top candidates to the Plug and Play Investment Committee for final selection. The selected startups will be announced at the Launch Event, held in Vilnius, Lithuania. All applicants will be informed of the selection outcomes, and selected startups will receive detailed information on the onboarding process, including incorporation under Lithuanian regulations.

Plug and Play provides extensive resources and support to entrepreneurs, serving as a bridge to key startup hubs, including Silicon Valley. The top participants from each batch are invited to join the Global Overseas Acceleration & Learning program at Plug and Play's headquarters in Sunnyvale, California.

Povilas Žinys, Director, Plug and Play Lithuania: "For any early-stage tech startup looking to scale globally, the Startup Lithuania Accelerator powered by Plug and Play is a golden opportunity."

During the application period, the program will host an online information session to address any questions potential participants may have. Details of this session will be announced on Startup Lithuania's social media channels.

More information on the program and application process is available here.

www.plugandplaytechcenter.com

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