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A distinctive feature of this project is community participation not only in space creation, but also in financing. Everyone who wants to support the idea and earn 7% together. Annual interests are invited to invest through the Letsinvest co-investment platform, according to a press release.
Tech Zity is a network of workspaces officially launched on November 16, connecting spaces known from Vilnius as Pakrantė, a hub of creative industries in Valakampiai (now Tech Arts), the largest ICT space in the Baltic and Nordic countries. , Tech Park. and the recently opened Tech Loft office and coworking space at Naujamiestis.
According to project founder Darius Žakaitis, the main goal of such a system is to give flexibility to members and strengthen the community: “We bring together independent specialists, innovative companies and startups. From now on, when a person starts using the services and becomes a member of Tech Zity, they acquire the right to choose a different Tech Zity location for their daily work.
The first Tech Spa in Lithuania to expand the network
In accordance with the concept of community empowerment, the new Tech Spa coexistence and co-working space is being created in the center of Druskininkai. The project at the resort will be limited to members of the Tech Zity community. In 1000 square meters. meter. Tech Zity promises to invest 860 thousand in the renovation of the building. euros.
It will be equipped with hotel-style rooms with capacity for 52 guests. Some of the rooms will have a balcony overlooking Lake Druskonis, the other part will be suitable for companies of 4-8 people, families or groups of friends. In the lower part of the building there will be a cozy space for cooperation, which can work up to 47 people at the same time. It has up to five meeting rooms for up to 27 people.
During the summer, community members will enjoy the oversized patio and spacious rooftop deck with restaurant and movie screenings. As in other Tech Zity spaces, the walls of the building will be decorated with works by Lithuanian artists, giving the space a sense of originality and community. It will also cooperate with local Druskininkai entrepreneurs to integrate services and offer special offers to members so they can rediscover this resort and stay longer, as the new workspace will provide an opportunity to relax while not losing productivity.
Anyone can invest
With the gradual development of Tech Zity’s infrastructure, the first thing to think about was its appeal to start-ups and young professionals, so the spaces have an innovative and modern atmosphere.
According to D. Žakaitis, the Letsinvest financial partners were chosen according to a similar principle. The Lithuanian equity co-investment platform established in 2020 operates in accordance with the Law on Concentrated Financing of the Republic of Lithuania and is supervised by the Bank of Lithuania. The Letsinvest platform, ambitious for international development, has all the necessary infrastructure to fully manage the investment process. Representatives of companies that see mutual benefits hope that this joint project will strengthen the Lithuanian community of start-ups and encourage other young companies to cooperate.
Those who want to invest in the Tech Spa project are offered 7%. annual interest paid quarterly. In total, the goal is to attract 340,000. an amount of 1 million euros for the completion of the renovation of the Tech Spa facilities. According to the Letsinvest representative, the strengths of Tech Spa’s investment are the experience of the project owner, a clear business model and having a common infrastructure with other workspaces. There is also an outstanding idea of the entire project, which aims to unite and actively involve the community. Investments will be charged from December 8 to January 8.
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