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Blockchain Centre Vilnius Makes Inroads To Israel

Blockchain Centre Vilnius makes inroads to Israel

Last week Justas Šireika, CEO of Blockchain Centre Vilnius took part in Lithuanian business mission to Israel headed by Lithuania’s Prime Minister, and Minister of Economy and Innovation. The mission was organised in joint efforts of public and private sectors to promote Israeli-Lithuanian business cooperation. As a result Blockchain Centre Vilnius has already entered into exclusive talks with several Israeli venture capital funds and startups.

The Lithuanian business delegation participated in a high-level Israel-Lithuania Business Forum which was addressed by Lithuania’s PM Saulius Skvernelis and Minister of Economy and Innovation Virginijus Sinkevičius. During the event, CEO Justas Šireika had productive face-to-face meetings with Israeli counterparts and discussed opportunities for Israeli-Lithuanian cooperation in the fields of distributed ledger technology, artificial intelligence and cybersecurity.

Mr Šireika also participated in Cybertech Tel Aviv, the cyber industry’s leading B2B networking platform and the largest cybersecurity event outside the US. This year Cybertech conference and exhibition brought together more than 12,000 attendees, among them heads of states, C-level executives, investors and entrepreneurs from all over the world.

As a result of the exclusive partnership between Blockchain Centre Vilnius and Distribution Intelligence Fund, the Centre strives to become a key hub for helping DLT, AI and IoT startups to access funding and develop innovations. During his visit, Mr Šireika held discussions with Israeli angel investors, venture capital firms, startups and startup accelerators. The newly-established contacts already bear fruits: the Centre and Distributed Intelligence fund are now discussing possible joint investment and partnership projects with several Israeli companies.

Justas Šireika said: ‘The partnerships Blockchain Centre Vilnius has managed to establish during the visit is a piece of evidence that Israel and Lithuania have much to offer in terms of the cutting-edge innovations. Since our Centre aims to become the region’s technology gateway to Israel, I am confident that the visit is just the beginning of many great things to come. We are already planning a tailor-made business mission with the intention to connect our region’s most innovative business to Israel’s counterparts and institutions.’

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