estonian startup ecosystem top5 globally?
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Estonian Startup Ecosystem ranked #TOP5 globally?16th September 2016
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8 Factors that matterFunding Ecosystem & ExitsEngineering TalentActive MentoringTechnical Infrastructure
Startup CultureLegal & Policy InfrastructureEconomic FoundationGovernment Policies & Programs
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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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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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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 Vavulskimari@startupestonia.ee+372 5326 8116
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