Our weekly selection of the TOP news about Lithuania (23-12-01)
We invite you to check out our weekly selection of the TOP news about Lithuania:
Dolphin-Powered Innovation: Advancing Animal-Assisted Therapy in Lithuania (Lithuania.lt)
The Dolphin Therapy Centre of the Lithuanian Sea Museum, together with the Kurtuvėnai Regional Park Directorate, has been implementing an innovative animal therapy project from 2018 to 2023. The project has developed a research-based methodology and a holistic medical health concept using animal therapy. The project researched and developed a model of human mental health well-being, which is being developed with the involvement of an animal: a dog, a horse, or a dolphin. Using approved methodologies, with descriptions and regulations drawn up by specialists, psychosocial work with animals can be carried out safely and integrated into the concept of holistic medicine.
According to Unicorns Lithuania, in Q2 2023, startups active in Lithuania have paid €93.8 million in taxes, which is 15% more than in Q1, and 25% more year-on-year. Salaries paid by startups have also been increasing during this period.
The global games industry is valued at USD 159.3 billion, which is more than double the value of the film and music industries, according to the figures of 2023. As the average age of the global gamer rises to 35, an increasing number of Lithuanian developers and IT professionals have been taking this career direction.
Leader’s opinion. Ekmel Cilingir: Why Lithuania’s Fintech is Booming (Vilnius TechFusion)
Lithuania is becoming increasingly established in the Fintech sector and is gaining more international recognition. The statistics do not lie – the country is attracting more investments and interests from foreign businesses every year. For example, in 2022, this sector attracted investments in the amount of EUR 67.9 million to Lithuania. During H1 2022, the country’s fintechs recorded an impressive EUR 375 million in revenue, marking an 80% increase compared to the same period in the previous year.
Genomika, a Lithuanian deep-tech biotechnology company located in Tech-Park Kaunas, has reached a significant milestone by securing a substantial investment of over €5 million from the European Union, Switzerland, and the United Kingdom. The funding is aimed at revolutionizing genetics through pioneering research in data storage using DNA molecules. This achievement not only marks a major success for Genomika but also highlights the importance of its work in the eyes of the European Innovation Council, which has launched the targeted investment initiative, Pathfinder.
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