#estonianmafia Andrus Viirg Enterprise Estonia Silicon Valley andrus.viirg@eas.ee www.estonia.eu www.investinestonia.com

January 23, 2012 @ Stanford Engineering European Entrepreneurship & Innovation

ENTERPRISE ESTONIA

State foundation for Business Support & Development: implementing agency of the EU structural funds in Estonia

budget 1.3 billion USD (2007-2013)

ca 300 employees

financing and other support schemes for enterprises, R&D and non-profit institutions

Investment, Trade & Innovation Promotion – assisting international companies to estonianize

– assisting Estonian companies to internationalize

– facilitating tech & knowledge transfer

– Foreign Representative Offices:

Helsinki , Hamburg, London, Stockholm

Moscow, St. Petersburg, Kiev,

Shanghai, Tokyo and

Silicon Valley

Estonia Republic of Estonia (1918-1940) & 1991 ..... Member of EU, NATO (2004) Population: 1.36 million Territory: 17 464 sq mile Currency board arrangement (1992-2010) Joined the EURO currency Jan.1, 2011

GDP: 19 billion USD GDP per capita: 14 000 USD (2010) Exports 76% of GDP transit trade comprising over 80% of the general transport of goods.

TALLINN – one of the oldest capital cities in Northern Europe

• first mentioned in 1154 (as Kolyvan) by an Arab geographer Muhammad al-Idrisi (map:Tabula Rogeriana)

• combines new and old: Medievial Old Town (UNESCO World Heritage Site) and modern City Center

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.

GrabCAD, is a mechanical engineering community and a marketplace Sportlyzer is an online training advisor.

Estonia produces a disproportionate number of startups per capita

Wired European Startups

Tallinn has some heavyweight tech credentials, but new companies are emerging. Garage48, a monthly two-day hackathon, has spawned several startups

The Wired Magazine By Tom Cheshire 16 August 2011

integrating into Scandinavia

birthplace of Kazaa & Skype

NATO Cyber Defence Centre

EU IT Agency

e-Estonia

Estonia behind the scenes

– Tallinn University of Technology www.ttu.ee

- 14,000 students

- Tallinn Technology Park: www.tehnopol.ee

– Tartu University (est. 1632) www.ut.ee

- 17,000 students

- Tartu Biotechnology Park: www.biopark.ee

- Tartu Science Park

www.sciencepark.ee

Universities & Tech Parks

Not only e-Estonia

• Cleantech & energy efficiency www.crystalsol.ee www.goliath.ee www.elcogen.ee

www.yogasystems.com

• Oil shale mining, chemistry, oil extraction – www.vkg.ee www.shaleoil.ee www.enefit.com

Enefit acquired 100% of OSEC (Oil Shale Exploration Company) shares and became the owner of the largest tracts of privately owned oil shale properties in Utah. Enefit is planning to construct an oil shale plant with a

capacity of 57,000 barrels of shale oil per day at full production.

• Metal constructions and antennas of ground stations for sattellite communication www.vertex.eu

• Rare metals used in high-tech industries – www.silmet.ee acquired by Molycorp, US April 4 2011

3 000 metric ton of rare earth products annually:

2% of global production (China 97%)

把瑠都 凱斗 Baruto Kaito

Winner of Sumo Hatsu Basho

Jan.22 2012, Tokyo Japan (top divison championship)

Estonia – Silicon Valley/California

• www.egeeninc.com

• www.erply.com

• www.zerply.com

• www.fortumo.com

• www.fotki.com

• www.guardtime.com

• www.modesat.com

• www.programeter.com

• www.oak-biotech.com

• www.spmtips.com

• www.yogasystems.com

• www.300mg.com

• www.pipedrive.com