Joining an accelerator program is a significant milestone for any startup, signaling validation of its potential and opening doors to invaluable opportunities. For eTOLLs EU, being selected to participate in the Lithuanian branch of the renowned accelerator program hosted by Plug and Play represents a remarkable achievement and a pivotal moment in their journey.
This achievement underscores eTOLLs EU’s innovative approach and the strength of its vision in revolutionizing the transportation sector. Selected among Lithuania’s most promising startups, eTOLLs EU showcased its groundbreaking solution for toll payment via mobile phones at the “Accelerator Kick-Off” event organized by Startup Lithuania and Plug and Play.
The opportunity to be part of this prestigious accelerator program not only validates eTOLLs EU’s potential but also provides access to resources, mentorship, and international networks crucial for their growth and expansion. As eTOLLs EU embarks on this journey with Plug and Play, it signifies a significant step forward in their mission to disrupt and innovate within the transportation industry.
In the following article, we delve into eTOLLs EU’s journey as a participant in the Plug and Play accelerator program, exploring the impact of this collaboration on their trajectory and the broader landscape of Lithuania’s startup ecosystem.
mpowering Lithuanian Startups: eTOLLs EU’s Journey with Plug and Play Accelerator
The participation of Karolis Žemaitis, the Deputy Minister of Economy and Innovation, underscored the significance of this partnership with Plug and Play. He emphasized how such collaborations are crucial for the growth and visibility of Lithuania’s startup ecosystem on the international stage.
Karolina Urbonaitė, who recently assumed the role of Director of Startup Lithuania, expressed her gratitude for the collaboration between Startup Lithuania, the Ministry of Economy and Innovation, and Plug and Play. She highlighted the importance of attracting essential service providers, accelerators, and venture capital funds to Lithuania, noting the remarkable growth of the startup ecosystem in recent years.
Among the startups featured in the program was eTOLLs EU, which introduced a convenient solution for paying tolls via mobile phones. Their participation in Plug and Play’s accelerator program opens up significant opportunities for eTOLLs EU to expand internationally and access resources crucial for their growth.
Raimondas Pili, representing Plug and Play, articulated the company’s objectives in Lithuania. He emphasized their commitment to nurturing early-stage technology startups, facilitating investment attraction, and fostering international opportunities. Plug and Play’s investment of €5.9 million in at least 45 startups over the program’s implementation period underscores their dedication to supporting the growth and internationalization of Lithuania’s startup ecosystem.
Through Plug and Play’s extensive global network, participating startups like eTOLLs EU will have access to invaluable resources, mentorship from international experts, and opportunities for international collaboration. This program not only enhances the visibility and competitiveness of Lithuanian startups but also strengthens the country’s position in the global innovation landscape.
With five accelerator cycles planned until March 2026, and opportunities for startups to participate in global events like the Global Overseas Acceleration and Learning (GOAL) program in Silicon Valley, the partnership between Plug and Play and Lithuanian startups is poised to drive innovation and economic growth in the region.
By leveraging the expertise and resources provided by Plug and Play’s accelerator program, startups like eTOLLs EU are well-positioned to scale their operations, attract investment, and make a significant impact on the global stage.
