The episode explores Lithuania's vibrant green tech ecosystem, focusing on the growth of renewable energy, mobility, and circular economy innovations, and the challenges startups face.

Teresė Škutaitė, head of the Green Tech Hub, discusses the impact of geopolitical shifts on the cleantech sector and the importance of energy independence.

At the same time, Biohifas founder Tomas Byckovas talks about the potential of alternative proteins and mycelium-based solutions. He highlights the supportive environment for startups and the need for improved access to capital and talent in the region.

Takeaways

Lithuania's green tech sector is rapidly growing due to geopolitical shifts.

Energy independence is a key driver for renewable energy innovation.

The startup ecosystem is diverse, with strong mobility and circular economy sectors.

Solar and wind energy are the main focuses of Lithuania's renewable energy strategy.

Challenges include access to capital and attracting talent in cleantech.

Alternative proteins and agri-food tech are emerging areas of innovation.

The government and agencies provide significant support for startups.

The EU's regulatory environment poses challenges for scaling businesses.

Mycelium startups are gaining traction in the alternative protein space.

Lithuania is positioning itself as a hub for green technology innovation.

The episode was recorded on the sidelines of Startup Fair conference in Vilnius in October 2024.

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