🔥 Exciting News: #Kaunas emerges as the new electronics R&D Champion 🔥
fDi Intelligence published a study that benchmarked the world’s top 100 #FDI destinations in the #electronic components industry, assessing each location’s cost and quality competitiveness for #RND activities.
🏆 In it, Kaunas, also known as the 'Boston of the Baltics' has emerged as the top destination for electronics R&D within the EU in terms of cost and quality ratio. This is unsurprising considering the city's long history and strong focus on 🔬 STEM fields.
More surprisingly, it is ranked 5th globally by annual operating costs ($1,632,117), just behind locations in India and Malaysia. 😯
And, considering the rapid expansion of the industry in Lithuania, driven by an increase in 🤖deep-tech startups, innovation parks (such as Kaunas Aleksotas Innovation Industrial Park), and deeper integration into the EU logistics network through the Rail Baltica project - the city's competitiveness is poised for strong growth.
Looking forward to seeing Kaunas in the global top 5 in a few years 😎
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