"Darius Zakaitis, one of Tech Zity's founders, notes that office spaces in the project will have high ceilings, which is "very important." "Scientific research has proven that the so-called cathedral effect boosts creativity," he told DW while walking across one of the floors of a building, which used to be a sewing factory. "Plus, the young entrepreneurs will be surrounded all day by equally creative people. That's how they come up with fresh ideas and the magic starts," he added."
"As Lithuania has neither natural resources nor a large population, "we need to be very good in something," he explains. "I think startups are a good choice, as we know how to work hard and a lot of us speak good English. In 2030, we could achieve 25% of our GDP through the startup sector. And yes, that's very ambitious the share now amounts to five percent," Zakaitis said."
Construction in Vilnius is underway on Tech Zity, projected to become Europe's largest startup hub by the end of 2028. The complex will cover roughly 55,000 square meters and host about 5,000 workers, with cafes, restaurants, fitness facilities and flats. Investors led by Darius Zakaitis are committing €100 million (about $117 million) to develop the site. Office spaces will feature high ceilings to stimulate creativity through the so-called cathedral effect. Lithuania aims to grow the startup sector from about 5% of GDP to 25% by 2030, leveraging a strong fintech precedent, English proficiency and hard work.
Read at www.dw.com
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