#mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }
/* Add your individual Mailchimp type fashion overrides in your website stylesheet or on this fashion block.
We suggest shifting this block and the previous CSS hyperlink to the HEAD of your HTML file. */
The US has had an extended historical past of being dwelling to a number of the brightest minds in know-how and innovation. The continued progress and improvement of Silicon Valley and different tech hubs throughout the nation have continued to strengthen the extent of innovation and progressive considering that drives its highly effective financial system.
Nevertheless, for contemporary companies, leaning on previous successes isn’t sufficient to maintain tempo with necessary world shifts in know-how availability and workforce improvement. To remain aggressive and related on this house, US companies must increase the scope of their very own information and begin studying from different well-developed and educated nations making strides in their very own native areas.
An incredible instance of that is Lithuania, a small Baltic nation in Northern Europe. Few nations have developed as rapidly by way of know-how and innovation as Lithuania, and US companies can study many necessary classes from its success in constructing and enhancing its academic techniques.
Early Publicity Is Crucial
Lithuania has positioned a excessive precedence on growing an energetic and diversified workforce, resulting in a considerable pool of expert professionals in areas like STEM (science, know-how, engineering, and arithmetic). The nation presently holds the highest spot within the EU for using younger ICT specialists between the ages of 15 and 34 and ranks first globally in digital talent availability.
This early publicity has been key to bringing the nation to the forefront of technological innovation, with native IT expertise swimming pools now steadily rising at a mean annual price of 13%. On a extra progressive word, in 2022, Lithuania additionally boasted the best proportion of girls employed in science and know-how (64%) in comparison with different EU member states.
Lithuania’s success in early trade publicity to younger professionals is attributed, partially, to the continual help from native governments and the community of universities and analysis establishments obtainable. A first-rate instance is the launch of the Nationwide Reskilling/Upskilling Programme by the Lithuanian Public Employment Service. This initiative appears to be like to reskill/upskill 20,000 new specialists in ICT, engineering, and life sciences by the top of 2026.
Develop Extra Downside-Fixing Expertise
An OECD’s PISA 2022 survey confirmed {that a} key power in Lithuania’s training system is its skill to assist college students develop and preserve artistic considering abilities. The outcomes from the survey revealed that 15-year-olds particularly ranked impressively excessive on this space, outperforming the OECD common and demonstrating a robust skill to generate unique concepts, consider options, and suppose critically throughout areas corresponding to writing, visible expression, and problem-solving.
With 26% of Lithuanian college students reaching the best ranges of artistic considering, it’s clear that the nation’s training system is successfully nurturing these important abilities. A majority of Lithuanian college students polled confirmed their entry to topics like artwork, drama, artistic writing, and laptop programming, which have all allowed them to develop their abilities additional.
US companies can study from Lithuania’s instance by recognizing that problem-solving abilities usually are not nearly discovering the “proper” reply however about creating the fitting setting for workers to discover artistic retailers that organically help higher essential considering. By encouraging workers to chase new concepts and experiment with completely different approaches, all companies can set up a workforce that’s not solely expert in what they do however can be geared up to deal with the rising challenges of a fast-moving tech trade.
Present Extra Palms-On Expertise
Lithuania’s strategy to tech training locations the added significance of hands-on studying. The nation has invested closely in offering college students with labs, and know-how hubs the place they will experiment, construct, and produce their concepts to life. This sensible expertise not solely reinforces theoretical ideas but additionally creates extra important abilities.
US companies can mimic this hands-on philosophy by permitting workers to use their abilities in sensible settings. For instance, having workers take part in hackathons, coding competitions, or inside innovation challenges can all be nice methods to construct extra skilled abilities.
Moreover, partnering with academic establishments to supply internships may give college students precious real-world expertise whereas giving companies entry to a pipeline of gifted, growing professionals.
By prioritizing hands-on studying, companies can create a workforce that’s not solely educated but additionally adaptable and able to thriving in a quickly altering tech-driven panorama.
Take Benefit of Accessible Authorities Packages
Lithuania has been identified for its dedication to sustainability in recent times – particularly in relation to new developments in its tech sector. Its authorities has acknowledged that inexperienced initiatives and technological innovation go hand-in-hand, actively supporting companies which might be growing and implementing sustainable options and inspiring extra academic progress in these areas. This help is available in completely different kinds, together with tax breaks for firms investing in energy-efficient applied sciences, subsidies for renewable vitality tasks that energy tech infrastructure, and grants for analysis and improvement in areas like inexperienced know-how training and sustainable manufacturing processes.
US companies can draw inspiration from Lithuania’s strategy by actively researching and leveraging authorities applications that help each the training of their workers and the implementation of extra sustainable practices inside their organizations. Companies can even proactively interact with authorities companies, academic techniques, and their trade associations to advocate for higher insurance policies that additional help sustainability within the tech sector.
Collaboration and Innovation Go Hand in Hand
US companies have ample alternatives to accomplice with and study immediately from numerous Lithuanian organizations to raised their tech capabilities. Teams like InnoHub Lithuania, for instance, play an necessary position in serving to to create this kind of enterprise ecosystem by facilitating strategic collaborations and connecting companies throughout borders.
InnoHub Lithuania supplies mentorship applications that join startups with skilled professionals who can supply steerage on growing newer applied sciences and increasing their market attain whereas additionally serving to them navigate the complexities of building new worldwide partnerships. The group additionally hosts networking conferences, workshops, and investor pitch occasions all year long to open up precious alternatives for companies to showcase their services and products, acquire necessary insights from trade leaders, and safe extra funding.
Growing and Rising Your Enterprise With the Proper Partnerships
US companies can study lots from Lithuania’s deal with early trade publicity and its proactive strategy to tech training. By following the examples mentioned and searching for extra alternatives to create strategic partnerships with Lithuanian organizations, US-based companies can proceed to enhance their capabilities whereas taking part in an necessary position within the ongoing improvement of a tech-driven ecosystem.
Writer Info
Writer Identify: Diana Placiakiene
Writer Bio: Diana, the Enterprise Group Supervisor at InnoHub Lithuania, brings over a decade of expertise in advertising and marketing, gross sales, occasions, and group constructing. Her profession spans work with early-stage startups, authorities initiatives, and small companies.
From 2013 to 2015, Diana represented Innovation Company Lithuania in Silicon Valley, appearing as a bridge between Lithuanian tech firms and the dynamic Silicon Valley ecosystem. She additionally led the San Francisco American Lithuanian group for over three years, launching modern applications and initiatives to attach and empower professionals.
Diana holds an MBA from Mills School in Oakland, California.
LinkedIn: https://www.linkedin.com/in/dianaplaciakiene/
Picture by Dmitriy Okay. on Unsplash