Business Hive Vilnius

What Business Hive Vilnius does

Business Hive Vilnius (BHV) is a Vilnius-based startup incubator, co-working tech hub, and ICT cluster management organization founded in 2010 by Marius Pareššius as the Užupis Creative Cluster and renamed to Lithuanian ICT Cluster in 2018. It operates from a 2,000+ sq.m. headquarters at Savanorių av. 178 F that combines private offices, hot/fixed desks (69–89 EUR/month), meeting rooms, event space, and hardware prototyping facilities.

BHV's core products are its startup incubator (equity investment up to 350K EUR for 5–10% stakes in pre-seed to Series A startups, plus mentorship, PR, legal, and investor introductions), the BHV Tech-Hub co-working space, the Lithuanian ICT Cluster, the Baltic.fund token-based acceleration platform with its BALT utility token, and the BHV.Labs on-demand services arm. The portfolio targets hardware, cybersecurity, blockchain, AI, fintech, and enterprise software startups from Lithuania, CEE, and CIS, with named portfolio companies including Cujo, Esteq, Kurokesu, Slydis, Lympo, SmallStep.ai, CERA, and E-Contenta.

The organization is structured as a non-profit association; its management entity went bankrupt in 2021 during COVID-19, but the team and members continued operating cluster projects. Revenue is not publicly disclosed but is generated from monthly co-working subscriptions, equity stakes in incubated startups (which produce returns only on exits), EU/government cluster funding (e.g., the EXCITE program, ECEI Bronze Label pursuit), and limited event revenue. BHV is privately held with no external institutional investors.

Name

Business Hive Vilnius

Legal name

Business Hive Vilnius

Website

https://bhv.lt

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

1–10 employees

Short description

Business Hive Vilnius is a Vilnius-based non-profit startup incubator and technology hub founded in 2010, offering equity investment up to 350K EUR, co-working space, hardware prototyping, and cluster management for hardware, cybersecurity, AI, fintech, and enterprise software startups across Lithuania, CEE, and CIS.

Ownership category

akta.pro rank

Product category

Startup Incubation Services

NAICS

Management of Companies and Enterprises (55111)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Accelerators & Incubators (Investor-Operated) (FSANAAAM)

akta.pro secondary industries

Corporate Accelerators & Startup Programs (FSANAHAD), Entrepreneurship Foundations & Startup Basics (EDAMAHAA)

Keywords

• Startup incubation services
• Venture capital investment
• Co-working office space
• Technology cluster management
• Startup mentorship programs

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Incubator and Acceleration Services: BHV provides incubation services to startups in exchange for equity (typically 5-10%). They offer mentorship, investor introductions, and acceleration program access in return for equity stakes in early-stage companies.
2. Co-working Space Rental: BHV rents office space, co-working desks, and meeting facilities to startups and members. Pricing ranges from 69-89 EUR/month for co-working to 8 EUR/m² for office space.
3. Investment Returns: BHV invests up to 350K EUR in startups for 5-10% equity. Returns generated when portfolio companies succeed or get acquired by larger investors/partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Business Hive Vilnius is a startup incubator and technology hub that provides incubation programs, co-working space, and equity-based investment (up to 350K EUR for 5-10% equity) to early-stage technology startups primarily in the Baltics, CEE, and CIS regions. It also operates a technology cluster (Lithuanian ICT Cluster) facilitating international partnerships and a token-based acceleration platform (Baltic.fund) for crowdfunding startup investments.

Product overview

Business Hive Vilnius operates as a startup incubator and technology hub offering a multi-component ecosystem. The core offering includes the BHV Startup Incubator (funding up to 350K Euro for up to 10% equity), the BHV Tech-Hub co-working space (2,000+ sq.m. with prototyping facilities), and the Lithuanian ICT Cluster management. The Baltic.fund Platform with its BALT Token provides a blockchain-based investment mechanism for CEE/CIS startups. BHV.Labs offers on-demand professional services. The organization focuses primarily on hardware, security, blockchain, AI, fintech, and enterprise software startups, providing introductions to investors, mentorship, events, and support from industry experts.

Differentiator

Problem solved

Functional benefit

Brands

• BHV.Labs: On-demand developers, designers, marketers, PR, analysts, engineers available for startup support
• Baltic Fund

Products and services

• BHV Startup Incubator Incubation program for startups from pre-seed to Series A stages, providing equity-based funding up to 350K EUR, mentorship, investor introductions, and market access to startups in hardware, security, blockchain, AI, fintech, and enterprise software sectors.
• BHV Tech-Hub Co-working Space Over 2,000 sq.m. co-working and office facility offering hot-desks, fixed desks, private offices, conference rooms, prototyping workshops, and event space for startups and tech companies with subscription pricing from 69-89 EUR per month.
• Lithuanian ICT Cluster Cluster management organization for ICT, creative industries, and cybersecurity companies, facilitating international partnerships, EU project participation, and cross-border collaboration through the EXCITE program with European cluster partners.
• Baltic.fund Platform Token-based startup acceleration platform enabling BALT token holders to invest in CEE and CIS startups, providing startups access to acceleration, development, production, and marketing support in exchange for tokens, products, services, or partnership opportunities.
• BALT Token Utility token issued by Baltic Fund with pre-sale price of 0.0002 ETH, enabling investment in startups and providing ecosystem benefits including access to mentors, events, and discounts for token holders.
• BHV.Labs

Quantifiable outcome

• Pipeline of up to 80 startups by mid-2018
• +2 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Partnerships

15 partnerships are on record, tiered core and major.

• Startup LithuaniacoreStrategic or Co-development PartnerGovernment agency partnership for assisting startups with relocation and startup visa issues. Helps BHV startups obtain residence permits and launch companies quickly.
• Go VilniuscoreStrategic or Co-development PartnerPartnership with Vilnius city investment agency responsible for assisting new startups during relocation and with startup visa issues.
• GoTechmajorGTM or Marketing PartnerCo-organized pitch sessions and startup competitions including the December 2017 joint pitch session where 16 startups competed for incubation prizes.
• TechChillmajorGTM or Marketing PartnerCommunity partnership with major Baltic startup conference. BHV offers 30% discount on TechChill passes to its community members.
• Invest LithuaniamajorStrategic or Co-development PartnerGovernment investment promotion agency partnership supporting foreign investment and startup ecosystem development.
• Enterprise LithuaniamajorStrategic or Co-development PartnerGovernment business development agency partnership supporting Lithuanian enterprises and startups.
• Ministry of Economy (Lithuania)coreStrategic or Co-development PartnerGovernment ministry partnership supporting startup and innovation ecosystem development.
• MITA ( Lithuania)majorStrategic or Co-development PartnerAgency supporting innovation and technology initiatives in Lithuania.
• Lithuanian Innovation CentermajorStrategic or Co-development PartnerInnovation support organization partnership for cluster activities.
• Silicon Saxony (Germany)coreStrategic or Co-development PartnerProject coordinator for EXCITE European cluster exchange program. One of Europe's largest microelectronics clusters with 350+ member companies. BHV participates in their cluster network for digital transformation exchange.
• Mazovia Cluster ICT (Poland)majorStrategic or Co-development PartnerOne of Poland's largest ICT clusters and EXCITE consortium partner. Collaboration on digital transformation and startup exchange.
• Cluster for Digital Transformation and Innovations (Bulgaria)majorStrategic or Co-development PartnerBulgarian cluster partner in EXCITE consortium focused on digital transformation and AI/software companies seeking EU market access.
• GAIA - Knowledge and Applied Technology Association (Spain/Basque Country)majorStrategic or Co-development PartnerBasque country technology cluster and EXCITE consortium partner. Hosts advanced manufacturing and cybersecurity ecosystem exchanges.
• Pôle SCS (France)majorStrategic or Co-development PartnerFrench technology cluster and EXCITE consortium partner for digital transformation exchange.
• Baltic Fund EcosystemcoreStrategic or Co-development PartnerBHV is the core part of Baltic Fund Ecosystem, which includes the Baltic.fund platform enabling token-based startup acceleration for CEE and CIS startups. Provides investment and acceleration services with funding up to 350K EUR.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/businesshivevilnius
• LinkedInlinkedin.com/company/bhvincubator
• Xx.com/bhvilnius

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Business Hive Vilnius