estonian startup scene
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Overview of the startup scene in Estonia
#startupestoniastartupestonia.ee
400+ startupsCreated 2300 new jobsStartups paid €20M in employment taxes (2015)Raised over €315M in the last 10 years (85% foreign funds)Recent wins: Startup visa coming this fall
Estonian startup scene in numbers
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Investments into Estonian startups overthe last 10years
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#estonianmafia startupsFintech:
Developer tools:
B2B:
Up-and-coming:
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The importance of Skype
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Estonian startup ecosystemOver 70 support organizations and programs in 9 different categories from legal to R&D, from marketing to higher education have been mapped in the startup ecosystem;26 organizations and programs support new ideas and technologies from the ideation phase up until helping them to prepare for raising funding;There are 17 organizations providing funding and financing for startups in Estonia, in seed and early stages.
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Main governmental initiative for supporting startups in Estonia, Startup Estonia, seeks to supercharge the Estonian startup ecosystem to create more international success stories.
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Estonia has good and
collaborativestartup
ecosystem
Estonia has 1000 startups
Legislative environment is clear and gives incentives for
startups & investors
Funding is accessible for
startups
Goals for 2020
#startupestoniastartupestonia.ee
1. Strong Ecosystem
2. Smart People
3. Smart Money
4. Friendlier Regulations
Actions
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Some notable latest efforts of Startup Estonia
Creating the Estonian Startup Database – https://startupestonia.ee/startupsListing 10 great reasons to start in Estonia - http://startupestonia.ee/why-estoniaSuccessfully pushing for 2 important regulative changes:• Making changes in the Foreigners Act – implementing Startup Visa / living
permit for working or conducting business in Estonia;• Making changes in the Business Law – no need to open securities account being
physically in Estonia.
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http://startupestonia.ee/startups
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Keep and eye on the Estonian startups• Follow Startup Estonia on Facebook and Twitter• Sign up for Startup Estonia’s monthly newsletter on their webpage or
Facebook• Check out the the Estonian Startup Database• Visit the Estonian booth at Web Summit 2016 in Lisbon, Portugal or Slush
2016 in Helsinki, Finland
