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Estonian Startup Ecosystem ranked #TOP5 globally? 16th September 2016

Estonian startup ecosystem TOP5 globally?

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Page 1: Estonian startup ecosystem TOP5 globally?

Estonian Startup Ecosystem ranked #TOP5 globally?16th September 2016

Page 2: Estonian startup ecosystem TOP5 globally?
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#startupestoniastartupestonia.ee

8 Factors that matterFunding Ecosystem & ExitsEngineering TalentActive MentoringTechnical Infrastructure

Startup CultureLegal & Policy InfrastructureEconomic FoundationGovernment Policies & Programs

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#startupestoniastartupestonia.ee

Estonian startup Compass (2015) Estonia startup ecosystem is growing very rapidly, building on

the several success stories it has produced. Skype’s acquisition by eBay for $2.6 billion in 2005 We have the majority of FinTech startup TransferWise operations in Tallinn

Both government and private sector has been supporting the ecosystem and has helped it gain momentum

Source: http://blog.startupgenome.co/estonia/

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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

Source: http://startupestonia.ee/startups/investments

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#estonianmafia startupsFintech:

Developer tools:

B2B:

Up-and-coming:

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#startupestoniastartupestonia.ee

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.

Source: http://issuu.com/startupestonia/docs/estonianstartupecosystem2016?e=23451436/34389618

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Estonia has good and

collaborative startup

ecosystem

Estonia has 1000

startups

Legislative environment is clear and

gives incentives

for startups & investors

Funding is accessible

for startups

Startup Estonia: Goals for 2020

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1. Strong Ecosystem

2. Smart People

3. Smart Money

4. Friendlier Regulations

Startup Estonia: Actions

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#startupestoniastartupestonia.ee

Some notable latest efforts of Startup Estonia

Creating the Estonian Startup Database – https://startupestonia.ee/startups Listing 10 great reasons to start in Estonia - http://startupestonia.ee/why-estonia Successfully 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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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

• Visit the Estonian booth at Web Summit 2016 in Lisbon, Portugal or Slush 2016 in Helsinki, Finland

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Mari [email protected]+372 5326 8116