Estonian Startup Ecosystem Tallinn, 2019 startupestonia.ee - - PowerPoint PPT Presentation

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Estonian Startup Ecosystem

Tallinn, 2019

Maarika Truu

Head of Startup Estonia

• Estonia. Your startup OS.

Start Europe here

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Estonian Startup Scene in Numbers

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650 startups, of which 130 startup visa founded Startup founders: 18% foreigners, 15% women 4900 new jobs created, 46% women, 20% foreigners Startups paid €32.7M in employment taxes (2019 1st Half), 72% of the total in 2018 Raised over €1.1B in the last 12 years (90% foreign funds)

Global top for Unicorns per capita

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On their way to unicorn status

Investments into Estonian Startups

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Biggest exits: 2012 Modesat to Xilinx 2014 GrabCad to Stratasys 2017 Zeroturnaround to Rogue Wave Software

Startup Estonia A-Team

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A team of 9 people Mission driven startup minded small team

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Startup Estonia is supercharging the Estonian startup ecosystem to create more international success stories.

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Focus Areas in Startup Estonia

Estonian Startup Community

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Attracting talent (since January 2017):

• founders from non-EU countries
• new talent to Estonian startups

Altogether 1503 individuals have relocated

• r granted the right to move to Estonia!
• TOP countries for founders: Russia,

Iran, Turkey, India

• TOP countries for employees: Brazil,

India, Russia, Ukraine

Startup Visa

Startup Visa vs e-Residency

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Startup Visa e-Residency

• Physical access to the

Estonian ecosystem

• Permit to enter the country
• Main goal - relocation
• 1650 + applications from 90

countries, 35% success rate

• Virtual access to the Estonian

ecosystem

• Not a permit to enter the country
• Main goal - ease of doing business

remotely by using Estonian e-services

• 65,000+ e-residents

Ease of access

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To the country To c-level business people/advisors and VC’s To highest level government

• fficials

To the rest of the EU markets

Feedback

”Startup Visa gave us access to the European market”

– Pavel Kirienko (Russia) His startup Zubax Robotics is designing and manufacturing aerospace hardware.

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Feedback

”Things are good here in Tallinn! The tech scene is very active, and the connections here are very

• close. It is easy to get to know someone

relevant in the industry”

– Kwun Lok Ng (Hong Kong) His startup Kipwise is building a Slack integration that helps teams create and share learnings and the whole team can add comments and annotations to the content without having to leave Slack.

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Feedback

”We made a matrix listing many jurisdictions, and crossing taxes, regulation and costs. Plus, because of our idea of approaching the EU market in the future, Estonia jumped to the top of the list.”

– Edilson Osorio Jr. (Brazil) His startup OriginalMy allows a Proof-of-Authenticity, Digital Signature, Digital Certificate and Document Authenticity via Blockchain.

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Get up-close with Estonian startup community

Startup Day 29-31 Jan, 2020

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Startup Week Tallinn 11-15 Nov, 2019 Robotex 29 Nov-1 Dec, 2019 Latitude59 28-29 May, 2020

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Maarika Truu

maarika@startupestonia.ee