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ESTONIA overviewAndrus Viirg

Enterprise Estonia Silicon Valleyandrus.viirg@eas.ee

www.investinestonia.com

www.lifeinestonia.ee

www.tradewithestonia.com

www.visitestonia.com

www.eas.ee

www.estonia.eu

ENTERPRISE ESTONIA

State foundation for Business Development:

Investment, Trade, Innovation/Technology and Tourism

promotion + the Space Office of Estonia

implementing agency of the EU structural funds in Estonia

budget of 1.3 billion USD (2007-2013)

about 300 employees

providing financing/grant products, advice, partnership

opportunities and training

Investment, Trade & Innovation Promotion

– assisting international companies to estonianize

– assisting Estonian companies to internationalize

– Foreign (promotional) Offices in Stockholm, Helsinki, London,

Hamburg, Moscow, St. Petersburg , Kiev, Shanghai, Tokyo and

Silicon Valley

• Andrus Viirg– Education:

– Tallinn University of Technology (TUT), software/system engineer

– Tallinn School of Dimplomacy: Foreign Trade Relations

– Experience:

– Software & hardware engineering (1980s)

– World Bank Group & IMF + Bank of Estonia (1990s)

– Estonian Investment Agency & Enterprise Estonia (2000s)

• Enterprise Estonia Silicon Valley (since 2007)– Tech & Knowledge Transfer: facilitating contacts between US and

Estonia among tech companies, R&D Institutions & Universities

– Trade & Investment promotion:

– FDI lead generation, hand-holding services

– Assisting Estonian companies in their expansion to US market

EstoniaRepublic of Estonia(1918-1940) & 1991 .....

Member of EU, NATO (2004)

Population: 1.36 millionTerritory: 17 464 sq mile

Currency board arrangement (1992-2010)

EURO from Jan.2011GDP: 19 billion USDGDP per capita: 14 000 USD (2010)

Exports 76% of GDPtransit trade comprising over 80% of the general transport of goods.

Estonia:

integrating into

Scandinavia

Sweden / Finland main

foreign investment (FDI)

& trade partners

cross border linkages

• banking

• ICT

• timber industry

• engineering

e-Estonia

e & m services

e-banking (98% non-cash transactions)

m-parking, m-payments,...

e-government

electronic ID card

e-taxboard, e-schools,

e-health, e-police, e-elections …

birthplace of Kazaa & Skype

home of NATO Cyber Defence Centre

future location of the EU IT Agency

– Tallinn University of Technology

www.ttu.ee

- 9,500 students

- Tallinn Technology Park: www.tehnopol.ee

– Tartu University (est. 1632)

www.ut.ee

- 17,745 students

- Tartu Biotechnology Park: www.biopark.ee

- Tartu Science Park www.sciencepark.ee

Universities & Tech Parks

Competence Centreindependent state supported research organizations (private

companies and universities, ca 130 mln USD of public financing)

– 3 CCs in IT and electronics

Software Technologies and Applications www.stacc.ee

Electronics & ICT (smart space tecnologies) www.eliko.ee

Innovative Engineering & Production Systems (e-factory, e-production)

www.imecc.ee

– 2 CCs in food related research

Food & Fermentation Technology www.tftak.org

Healthy Dairy Products www.tptak.ee/english

– 2 CCs in biomedicine

Reproductive Medicine & Biology (diagnostics of infertility) www.ccrmb.ee

Cancer Research (new diagnostic platforms) www.vtak.ee

– 1 CC in nanotechnology

nano-structural gas sensors & functional nano-materials www.encc.ee

Innovative start-ups from

Estonia going globalSix Estonian companies on the 100 global list of

Innovate2010 by Guidewire Group

www.innovate100.com

www.nowinnovations.com

www.fits.me

www.crabcad.com (winner of Seedcamp 2011)

www.taxipal.com

www.edicy.com (winner of Seedcamp 2010)

www.nutiteq.com

On the 100 list of Red Herring Asia

www.guardtime.com

Not only e & m

Cleantech & energy efficiency

– www.crystalsol.ee

– www.goliath.ee

– www.elcogen.ee

Oil shale chemistry– Shale oil + fine chemistry

www.vkg.ee www.shaleoil.ee

– Power generation

Rare metals used in high-tech industries

– www.silmet.ee

3 000 metric ton of rare earth products annually: 2% of

global production (China 97%)

www.investinestonia.com

www.tradewithestonia.com

www.visitestonia.com

www.lifeinestonia.ee

www.eas.ee