andrus viirg - enterprise estonia - silicon valley - stanford engineering - jan 13 2014
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Estonian innovation and entrepreneurial ecosystem Andrus Viirg Enterprise Estonia Silicon Valley [email protected] www.estonia.eu www.investinestonia.com
European Entrepreneurship and Innovation Thought Leaders Stanford Engineering January 13, 2014
ENTERPRISE ESTONIA State foundation for Business Support & Development:
implementing agency of the EU structural funds in Estonia
ca 270 employees
financing agency (grants) for enterprises, R&D and non-profit institutions
budget 784 mln EUR during 2007-2013
budget 750 mln EUR for 2014-2020
Investment, Trade & Innovation Promotion – assisting international companies to estonianize
– assisting Estonian companies to internationalize
– Foreign Representative Offices:
Hamburg, Helsinki , London, Moscow,
Stockholm, St. Petersburg, Oslo
Shanghai, Tokyo and
Silicon Valley
Republic of Estonia (Eesti) 1918 - 1940 1991 - ..... Member of EU, NATO (2004), OECD (2010) Population: 1.36 million in the EURO zone from Jan.1, 2011 GDP: 28 billion USD GDP per capita: 21 000 USD (2012 estimates)
"With its narrow streets, medieval buildings and quaint Christmas markets, the city of Tallinn resembles a scene from a Christmas card. The Christmas market in the Town Hall Square is one of Europe's prettiest, and the city's old town area -- a UNESCO World Heritage Site often referred to as the "medieval pearl of Europe," is also worth checking out."
Doing Business in Estonia an Emerging Nordic country with a
strong and stable economy
• simple tax system
– flat 21% income tax
NO Corporate Income tax on reinvested profits (21% tax on dividends only)
• efficient company setup and reporting based on e-government solutions
#21 globally in the World Bank’s
Ease of Doing Business Index
#3 in terms of countries with small
populations
#7 best global location for “trading
across borders”.
among the most wired and
technologically advanced countries in
the world
e-Estonia
Estonia's capital Tallinn - (david jones) LES ECHOS/Worldcrunch
The phenomenon
Technologically advanced business platforms & e-Government services host of NATO´s Cyber Defence Centre electronic ID card & digital signature from 2002
e-Tax Board, e- Land Register, e-Business Register e-Police, e-School, e-Health, e-Prescription, e-Voting,... e-banking: 98% of bank transactions electronically m-parking
www.e-estonia.com
slide shared by Robin Wauters during Seedcamp Week in London (sept.2011), where out of 20 companies 4 Estonian startups presented and two 2 became finalists.
Estonia produces a disproportionate number of startups per capita
and this happened again in 2013
AngelList has 138 Estonian entries,
which on a per capita basis, puts it as
number one country (US is second)
#estonianmafia coined in by Dave McClure (500 Startups)
ESTONIA the top nation per capita for the number of international fashion models.
Connectors of the Estonian entrepreneurial ecosystem
• Garage48 www.garage48.org/en
o Hackathon – turn your idea into a working services within 48 hours
• Enterprise Estonia www.eas.ee/en
o StartSmart (EST- FIN network for startups,...) www.start-smart.me/en o BrainHunt www.ajujaht.ee/english/ o Network of Foreign Rep. Offices
• Estonian Development Fund & SmartCap o Monitoring & Growth Programs www.arengufond.ee/eng o Governmnet VC arm www.smartcap.ee
• Tallinn Tech University o Mektory (Innovation & busines center) www.ttu.ee/projects/mektory-eng/
• Tallinn Science Park Tehnopol www.tehnopol.ee/en
o Prototron, prototyping fund
• Accellerators/Incubators o StartupWiseGuys o Gamefounders o Technopolis Ülemiste
innovative Estonia
2013 • Going electric: first country to operate a nationwide Electric Vehicle (EV)
fast chargers network • Technology supplied and built by ABB (Switzerland) • The payment and billing platform provided by NOW!Innovations (Estonia)
www.nowinnovations.com
• Going to Space: first Estonian satellite launched May 4, 2013
• around 100 students and scientists from Tartu University & Tallinn Tech • 40 research projects & 3 doctoral thesis • main mission to test electric solar sail technology
• Going Digital: • Estonia and Finland in first-ever digital treaty 'signature‘. The Estonian-Finnish
co-operation memorandum on IT matters signed by the PMs foresees joint work on software for e-government services.
the Top7 Intelligent Community of the Year is Tallinn (The Intelligent Community Forum (ICF), based in New York)
”Here you have a big black guy, a skinny India guy and we’re investing
in a country in Estonia. I love globalization it’s great.”
announcing their investment in
Oct.30 2013
Sacramento Kings owners Vivek Ranadivé and Shaquille O’Neal
From a humble swing to a mad northern European sport KIIKING
the go-to way to carry your wife is called the “Estonian” method
9 tech Trends for 2014 & European startups building
businesses on top of them
3 Estonian startups to watch • # trend: Connected Cars & Fleets
www.high-mobility.com develops new entertainment, navigation, electronics and settings system for cars
• # trend: 3D Printing www.grabcad.com shares CAD files with chosen partners and allows users to view, measure, and comment on 3D models right in the browser.
• # trend: Digitization of Finance www.transferwise.com transfer money wherever it's needed, at the lowest possible cost.
@robinwauters / founding editor of Tech.eu
What can Estonia offer? Strategic & Safe Geological Location
- on the trade roots between W & E; - no volcanos, earthquakes, tornados - cool climate
Modern Infra - excellent fiber connections to global
data networks
Power – self sufficient in electricity with added connections to Finland, Latvia and Russia
Competitive Environment - 0% corporate income tax on re-
invested profits
Highly Qualified Labor - language, finance, IT skills
a perfect location for - data centers - tech manufacturing - service centers
www.investinestonia.com