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Top 5 Industries Dominating the Lithuanian Startup Scene. Lithuania's startup ecosystem is booming, with 963 active startups marking a 13% increase over the past year. Key sectors include business software (25%), FinTech (15%), health technologies and wellness (10%), advanced manufacturing (7%), and AdTech (6.5%). 🌟Business Models: - 70% B2B - 30% B2C - 5% B2G 📈 Emerging Trends: - Growing AI field: Spike secured $3.5M, Pixevia raised €1.5M. - Potential breakthroughs in green innovations and biotechnology. 🔍 Insights: - Lithuanian startups contributed €91.5M in taxes in Q1 2024. - Employ 18,000 talented individuals. Vilnius and Kaunas are top EU cities for medical technologies, showcasing Lithuania’s leadership in life sciences and wellness. Lithuania solidifies its position as a hub for startup activity, offers numerous opportunities for high-value business creation. The future looks promising, with continued innovation and expansion. As the message to aspiring entrepreneurs is clear: pursue your passion, embrace innovation, and create real value through technology. #Lithuania #LithuaniaStartups #LithuaniaCoCreate More: https://lnkd.in/dM89dS2J

Top 5 Industries Dominating the Lithuanian Startup Scene. Lithuania's startup ecosystem is booming, with 963 active startups marking a 13% increase over the past year. Key sectors include business software (25%), FinTech (15%), health technologies and wellness (10%), advanced manufacturing (7%), and AdTech (6.5%). 🌟Business Models: - 70% B2B - 30% B2C - 5% B2G 📈 Emerging Trends: - Growing AI field: Spike secured $3.5M, Pixevia raised €1.5M. - Potential breakthroughs in green innovations and biotechnology. 🔍 Insights: - Lithuanian startups contributed €91.5M in taxes in Q1 2024. - Employ 18,000 talented individuals. Vilnius and Kaunas are top EU cities for medical technologies, showcasing Lithuania’s leadership in life sciences and wellness. Lithuania solidifies its position as a hub for startup activity, offers numerous opportunities for high-value business creation. The future looks promising, with continued innovation and expansion. As the message to aspiring entrepreneurs is clear: pursue your passion, embrace innovation, and create real value through technology. #Lithuania #LithuaniaStartups #LithuaniaCoCreate More: https://lnkd.in/dM89dS2J

#TLDR Are ASEAN GenAI Startups Ready To Roar? They definitely are, per the ASEAN GenAI Startup Report 2024 by GenAI Fund. Here are the highlights of the report, which presents a detailed state of GenAI space in Southeast Asia: ▶️ Investments in GenAI startups are projected to grow over 50% year-on-year. ▶️ A confluence of factors is at work: Rising VC confidence, rising corporate venture capital arms, increasing VC familiarity with AI, and surging M&As. ▶️ Currently, 32% of ASEAN GenAI startups are bootstrapped, and 58% angel funded or received pre-seed or seed funding. The rest have landed Series A or larger checks. ▶️ Singapore, home to 44% of regional GenAI startups, remains the undisputed leader. ▶️ Vietnam is the second-largest hub for GenAI startups with 27% located in the country, followed by Indonesia, with 13% of these startups. ▶️ 92% of ASEAN GenAI startups are B2B (56%) or B2B2C (36%) oriented. ▶️ The top area of operation for GenAI firms is productivity & business solutions, accounting for 26% of the startups. ▶️ 39% of Southeast Asian GenAI startups have recurring revenue, 23% have paid pilots or proof of concept, and 16% are profitable. 🤑 Regional GenAI startups are now on investors' radar. ▶️ GenAI Fund plans to write checks for ASEAN's top 20 GenAI startups over the next 1.5 years. ▶️ GenAI Fund will also help them with GTM and exits. ▶️ Meta unveiled an AI Accelerator program for Asia Pacific startups to help them integrate Llama, its open-source AI model, into their products. ▶️ Meta also plans to launch a Singapore-focused incubator program to empower 100 enterprises to deepen their understanding of GenAI and Llama. 🗞 Read more about this in our latest edition of #ICYMI: https://lnkd.in/gbyPWm-Z 💲 What trends in the SEA investor ecosystem have caught your eye ?? PS: Like our quick bytes? Follow us for more updates like this. #venturecapital #entrepreneurship #investment #APAC

📢 Viet Nam’s share of GenAI startups in the region is estimated at 27 percent, ranking second in Southeast Asia. ➡ Of the 250 GenAI startups surveyed, Viet Nam ranked second in the region with 27 percent of the companies, only behind Singapore at 44 percent. ➡ Indonesia ranked third with 13 percent, followed by Thailand, Malaysia, and the Philippines, which had smaller proportions. #investvietnam #tradevietnam #ipavietnam

The first-ever ASEAN GenAI Startup Report 2024 by our partner, GenAI Fund, offers a comprehensive analysis of the generative AI (#GenAI) startup ecosystem in Southeast Asia. Here are the key points and insights from the report: 🌱 Overview of the ASEAN GenAI Ecosystem: Singapore leads with 44% of GenAI startups, followed by Vietnam 🇻🇳 (27%) and Indonesia (13%). Other countries include Thailand (7%), Malaysia (6%), and the Philippines (3%). GenAI startups in ASEAN are predominantly B2B-focused (92%). Key industry sectors include Productivity & Business Solutions (26%), Healthcare & Wellness (13%), and Financial Services (13%). 🌱 Challenges for GenAI Startups: Startups face challenges such as slow enterprise onboarding, difficulties in achieving product-market fit (PMF), cash flow management, competition with Big Tech, and a lack of sales resources. Poorly executed Proof of Concepts (POCs) and slow tech onboarding processes also hinder startup growth. Cash flow is a significant concern, with 49% of startups bootstrapped or angel-funded and only 16% reporting profitability. 🌱 Opportunities for GenAI Startups: There are opportunities for GenAI startups to develop specialized solutions for niche markets and leverage local expertise to create tailored AI applications. Collaborations with Big Tech can be beneficial. Major cloud providers like AWS (67%), Google Cloud Platform (47%), and Microsoft Azure (41%) provide essential infrastructure support. 🌱 Big Tech’s Role: The relationship with Big Tech is complex, as they provide crucial tools for GenAI startups but also pose competitive threats. Foundation model providers like OpenAI (76%) and Anthropic (31%) are widely used by startups, though startups risk being overshadowed as these providers develop more advanced features. 🌱 ASEAN GenAI Ecosystem Growth: The report forecasts strong growth in Vietnam 🇻🇳, where the GenAI startup count is expected to rise from 27% to 35%, making it an epicenter for GenAI development in the region. Singapore's share of startups is predicted to fall slightly, reflecting faster growth in other countries. Indonesia is expected to see a boom in B2C GenAI startups over the next 18 months, leveraging its large population. Thailand and Malaysia are projected to grow, with Thailand leading in startup-enterprise go-to-market execution and Malaysia becoming a key AI infrastructure hub. 🌱 Funding Landscape: Despite challenging global funding conditions, there is a rising interest in mergers and acquisitions (M&A) within the region, as well as increased attention from corporate investors. 32% of GenAI startups are bootstrapped, and many are becoming more selective about the choice of investors, seeking those who understand AI or can assist with go-to-market strategies. _____ Build an Amazing GenAI Company with Founder Institute Vietnam accelerator: FI.co/vietnam 🇻🇳

The Forbes Asia 100 to Watch 2024 list highlights some of the most promising startups across the region, revealing fascinating trends and emerging hubs of innovation. Key Trends: Healthtech, fintech, and sustainable tech are dominating the startup scene, as companies leverage cutting-edge solutions to solve real-world problems. From AI healthcare platforms to automated supply chain solutions, the future is undeniably tech-driven. Emerging Locations: Southeast Asia is rapidly becoming a startup powerhouse, with cities like Singapore, Jakarta, and Ho Chi Minh City fostering a vibrant ecosystem for tech innovators. However, India remains a critical player, with Bangalore and Mumbai nurturing startups that are scaling fast across sectors. Across East Asia, Tokyo and Seoul continue to stand out with their advanced tech ecosystems, while newer hubs in Taiwan and Hong Kong are on the rise. At BeyondSeed, we’re committed to nurturing the next wave of innovators and change-makers, helping early-stage startups in these dynamic regions scale from Seed to Series A. With our expert mentors, dynamic growth engines, and networks, the possibilities are limitless. Is your business ready to be the next standout in Asia's emerging startup hubs? Reach out to us at www.beyondseed.com, and let’s scale together. #BeyondSeed #StartupSuccess #ForbesAsia #Entrepreneurship #Innovation Kuldeep Mirani Sipika Nigam Fiza Malhotra Radhika Jain, CFA Kedar Mehta CA Jagariti Mathur Sanjita Talreja

🌟  Startups of 2024: Emerging Trends in European Startups SearchVentures has hit a new milestone with over 3,000 weekly readers. Our latest issue, "What we expect in 2024" continues our mission of providing clear, data-driven insights on the European startup market. Missed our 2024 startup expectations? Read it here: https://lnkd.in/dXCW_AXk 🚀 A Glimpse into 2024 > Key sectors are emerging, with Climate Tech climbing to 26.5% and AI & Software to 20.5% of the total investment, highlighting Europe's strategic direction towards sustainability and tech innovation. > Health Tech: Now capturing 14.5% of investments, showing a growing focus on digital health technologies. > Estonia’s Unicorn Rise: Estonia stands out with the highest unicorn-per-capita ratio, highlighting the importance emerging startup hubs in Europe. 💹 Startup Investments After a challenging 2023, with a 45% decline in overall startup funding, there's an optimistic shift. The data shows a steady increase in late-stage investments, reflecting renewed investor confidence and a more robust funding landscape for 2024. 🌐 European Tech Spotlight Mistral AI's rapid growth, raising $385 million and reaching a $2 billion valuation. The unicorn status of Mistral reflects Europe's growing ambition to establish itself as a key player in AI, challenging the dominance of Silicon Valley. This achievement underlines the region's ability to foster significant growth and innovation, even within a regulated market. 🔥 Emerging Hubs Sparking New Opportunities The growing prominence of Sweden, Switzerland, and Estonia in the startup scene highlights a strategic shift in venture capital. These countries, now emerging as innovation hubs, are gaining attention for their increasing number of unicorns and innovative startups alongside favourable regulation. ✨ Stay informed about the latest European startup trends and insights with the SearchVentures weekly newsletter at www.searchventures.co #SearchVentures #EuropeanStartups #Innovation2024 #TechTrends #InvestmentInsights #EstoniaUnicorns #AI #ClimateTech

🌟 Explore Vietnam's Startup Ecosystem Like Never Before with Startup-vn.com! 🌟 Introducing Startup-vn.com, the platform that makes it easy and smart to navigate the startup and investment opportunities in Vietnam! This free-to-use website offers: 1️⃣ In-Depth Startup Profiles: Get essential information about Vietnamese startups, including their functions, growth, and investment records. 2️⃣ Connect with Investors: Access detailed profiles of over 140 accelerators and venture capital firms shaping Vietnam’s startup landscape. 3️⃣ Investment Trends and Insights: Analyze historical data and trends to understand where and why investments are being made. 4️⃣ Industry-Specific Reports: Dive into over 20 reports packed with insights on key industries in Vietnam. 5️⃣ Real-Time Updates: Stay informed with the latest news and trends affecting Vietnam's startup scene. If you want to gain quick access to Vietnam's expanding startup ecosystem, start your journey at Startup-vn.com today! 🙌 📌 Visit now: Startup-vn.com Feel free to make any adjustments or let me know if you need further assistance! 😊 📨 Email: contact@roailab.com

India's Impressive Unicorn Growth: Offshore Success and Global Rankings According to the HURUN Global Unicorn Index 2024, India's startup ecosystem continues to make remarkable strides, solidifying its position as a global hub for innovation and entrepreneurship. 🇮🇳 India ranks third globally with 67 unicorns, following the United States (703) and China (340). 🌏 Interestingly, India produced more offshore unicorns (109) than any other country, co-founding startups outside its borders, primarily in the United States (95), the United Kingdom (4), Singapore (3), and Germany (2). 💰 Despite a slight decline in unicorn creation compared to the previous year, India's startup ecosystem remains resilient, driven by the ambition and innovative spirit of its entrepreneurs. 🌟 Notable Indian unicorns such as Glance, showcasing the impact of AI in transforming mobile content consumption, have gained global recognition. 🌐 The report highlights the global rise of unicorns, with 1,453 unicorns across 53 countries and 291 cities, collectively valued at a staggering $4.6 trillion. 🔝 The top 10 unicorns, including ByteDance, Ant Group, SHEIN, and Webank, account for 18% of the total value, demonstrating the exceptional performance of Chinese and American startups. 🤖 2024 has been dubbed the "year of AI," with OpenAI's valuation reaching $100 billion, and companies like Moonshot AI and MiniMax leading the way for ChatGPT-like products in China. Overall, India's impressive performance in the global startup ecosystem, particularly in offshore unicorn creation, highlights the country's entrepreneurial spirit and its ability to foster innovative businesses that transcend borders. . Source : Inc42 Media , Business Today . . . . . . . Tags : #Startups #Unicorns #Entrepreneurship #IndiaTech #GlobalUnicornIndex

🌟 Vietnam's Startup Ecosystem: Rising Innovation Hub in Southeast Asia 🌟 Vietnam's tech startup ecosystem is flourishing, supported by strong government policies and increasing foreign investment. The country is becoming a top destination for tech innovation in Asia, with startups driving the digital economy forward. Key Insights: 1. #GrowingEcosystem: Vietnam is home to over 3,000 startups, making it the third-largest startup ecosystem in Asia. Cities like Ho Chi Minh City and Hanoi are key innovation hubs, particularly in industries like fintech, edtech, and e-commerce. 2. #GovernmentSupport: Initiatives like Project 844 and the National Innovation Center (NIC) are fostering innovation through grants, incubators, and accelerators, pushing startups to scale faster. 3. #FDI in High-Tech Industries: Foreign investments in sectors like electronics, software development, and R&D centers are increasing, positioning Vietnam as a hub for tech innovation in Southeast Asia. 4. #VentureCapitalandAngelInvestors: The number of venture capital funds and angel investors continues to grow, including local and regional VCs like VinaCapital Ventures and Korean investors. 5. #UniversityPartnerships: Vietnam’s universities are becoming innovation hotbeds, supporting student-led startups and driving a culture of entrepreneurship among young developers. As Vietnam’s startup ecosystem gains momentum, the window for investors, innovators, and entrepreneurs to get involved is wide open. Vietnam’s continued rise in tech innovation will play a crucial role in shaping the future of Southeast Asia. Download latest Vietnam IT Market Report by TopDev to explore more insights of IT & Tech talent landscape in Vietnam 2024 - 2025 https://lnkd.in/gtfWNK3 #VietnamStartups #TechInnovation #FDI #Entrepreneurship #DigitalTransformation #ASEANTech #VentureCapital