KTU Start Ups Among the Most Ambitious in Lithuania, According to Forbes

Start-up SearchNode born and developed at Startup Space of Kaunas University of Technology (KTU) is named as the most ambitious Lithuanian start-up, according to the global business website Forbes. There are two more enterprises created by KTU graduates among the listed most ambitious Lithuanian start-ups. “We are proud to be reading about Lithuanian start-ups in global media. This means that we are equal players in the game”, says Donatas Smailys, Head of KTU’s start-up incubator Startup Space.

Three out of eight most ambitious Lithuanian start-ups are closely related to KTU: SearchNode, Inside Warehouse and Copictures. The enterprises have raised large venture capital investments, are working with global brands and generate generous revenues.

Inside Warehouse, which was founded by two KTU graduates is a virtual system, which embedded into the collaborating websites enables web surfers to see the related retailers’ content and to buy products without leaving the initial website. The start-up has raised 700 thousand dollars from angel investors in the US and Europe. One of the founders of the enterprise, Justinas Taruška is a mentor for the KTU’s start-ups and an entrepreneurship module lecturer.

16 Jun 2016