A decade ago, the startup ecosystems of the three Baltic countries – Lithuania, Latvia and Estonia – barely existed. Today, the region boasts at least 6 unicorns, some 2500 startups, and frequently tops the rankings for Europe’s most startup-friendly countries.
Still, the Baltic startup scene has plenty of room for growth. Keen to benefit from the region’s business-friendly regulation and tech-savvy talent, founders from countries as close as Belarus and as distant as Australia are choosing to build their startups here. Let’s look into the reasons why in a bit more detail.