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Good practice Imported

Vilnius Tech Park — City-backed ICT campus in repurposed 19th-century hospital buildings

Lithuania · Vilnius · See the Lithuania profile · See the Vilnius profile

Evidence: Descriptive / self-reported Top 42% 71/100 · Ask Evidence Copilot about this practice

Vilnius City Municipality co-owns this 9,000 m² campus — the largest ICT startup hub in the Baltics and Nordics — created by repurposing a disused 19th-century hospital park into a mixed-ownership tech community of 60+ companies.

60+
Companies hosted
9,000 m²
Renovated office space
8 hectares
Site area
over 90 %
Occupancy rate (since opening in 2015)
5
Co-owning shareholders
Vilnius Tech Park — City-backed ICT campus in repurposed 19th-century hospital buildings

Details

Maturity
Established
Promoter
Vilniaus technologijų ir meno centras (public institution)
Period
2015–present
Region (NUTS)
LT01
Keywords
Public-Private Partnership

Context

Vilnius Tech Park (VTP) was established in 2015 when Vilnius City Municipality partnered with private investors to convert a decommissioned 19th-century hospital campus in the historic Sapiegos park into the Baltic and Nordic region's largest ICT startup hub. The co-owning public entity, Vilniaus technologijų ir meno centras, has five shareholders: Vilnius City Municipality, JSC Akseleratorius, JSC IMI.VC Advisors, JSC Innovative Development, and Šiuolaikinio meno asociacija.

Activities

The 8-hectare site provides more than 9,000 m² of renovated office space hosting co-working desks, private offices, event spaces and a co-working bistro, and runs regular hackathons and ICT knowledge events for a resident community that includes venture capital funds such as Practica Capital and IMI.VC, and the accelerator StartupHighway.

Results

The campus hosts a community of more than 60 innovative companies, including startups, scale-ups, venture capital funds and accelerators, and has consistently maintained over 90% occupancy since opening in 2015.

Conclusions

The city's involvement ensures publicly accountable governance over a strategic urban regeneration asset, while private VC and accelerator shareholders guarantee market exposure for resident companies.

Implementation
Indicative cost
Medium (€50k–€500k) — Adaptive reuse of an 8-hectare, 9,000 m² former hospital campus with private co-investment implies a moderate infrastructure cost relative to new-build tech campuses, consistent with a medium cost band.
Time to results
Long (> 3 years) — Operating continuously since 2015 with sustained high occupancy, consistent with a long timeline band.
Staffing & skills
Vilniaus technologijų ir meno centras (public co-owning institution) manages the site, Five shareholders: Vilnius City Municipality, JSC Akseleratorius, JSC IMI.VC Advisors, JSC Innovative Development, and Šiuolaikinio meno asociacija

Conditions for success

  • Mixed public-private ownership pairing municipal land/asset with committed private VC and accelerator co-investors.
  • Adaptive reuse of a decommissioned 19th-century hospital campus rather than new construction.
  • Resident venture capital funds (Practica Capital, IMI.VC) and accelerator (StartupHighway) provide market exposure for tenant companies.

Commonly funded by

National / regional programmes Own resources / municipal budget ERDF — European Regional Development Fund

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Data sources

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