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Participants of the Workation Vilnius 2019

The Smart Infrastructure Division of Siemens AG applied to be part of the Workation Vilnius programme due to the city’s leading ICT infrastructure with 31,500 IT specialists in the job market, as well as 1,500 new IT graduates per-year.

“We are a cross-functional team, responsible for the global Go-to-Market of our Cloud offerings, which requires a high level of agile collaboration,” explained Michael Sinniger, representative of Siemens Schweiz AG, Smart Infrastructure.

“Thanks to the week in Vilnius, we believe that we can achieve great deliverables and also refresh our mindset. As a result, we will be able to better address the changing market needs and create added value for our customers.” A cross-functional team especially values the opportunity to spend more time together. We think #Vilnius is the perfect place to get work done and have some fun on their time off, too!“

The community breakfast at UMA Workspace and a meeting with the mayor of Vilnius Remigijus Šimašius.

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London-based #Monese was rubbing shoulders with local FinTech pros, getting acquainted with the startup scene and testing the work/life balance in Vilnius on their weeklong workation.

After a week of getting to know the local business scene, Monese’s VP of Finance, Amish Mody, compared the fintech scenes in London and Vilnius, talked about the company’s plans to acquire a financial license in mainland Europe, and why smaller cities are sometimes better for up-and-coming startups.

“Lithuania is actively promoting its fintech scene, it is close-knit and very collaborate, and that is a huge advantage and draw for fintechs from all over Europe,” commented Mody. “Of course, the UK has the advantage of having a big community of fintechs offering various kinds of services and access to capital. Another benefit of the UK is the country’s larger customer base, who are more financially active. This is good for testing your product before expanding.

After meeting a couple of companies in Vilnius, it seems that Lithuania is an extremely attractive destination for companies to launch their businesses or establish support centres,” elaborated Mody. “Having favourable conditions for support centres is essential for any startup. The companies I’ve discussed with had compliance, HR, development teams here. All of these are crucial for any up-and-coming fintech startup.”

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British Airways said, that given Vilnius is home to a number of large internationals, meeting with senior business figures will help the airline discover how to get the best from its globally operating teams.

“As a global organisation, we seek to enhance our cross-market working environments,” a BA representative wrote in its Workation Vilnius pitch. “Having the opportunity to work from Vilnius would strengthen our teams’ relationships and empower our employees.”

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