Status of the Estonian startup ecosystem

Raido Pikkar 05.03.2013

Still also supporting Tehnopol as well as:

key-coach (strategy, ICT)

Having cleared that...

TOP 5 Startup news in Estonia

1. Modesat sold to Xilinx

First succesful exit for the Development Fund

2. Fortumo

10 MUSD round announced, led by Intel Capital

3. Development Fund

Will stop investing directly and turn into a fund of funds

(kinf of the next fund of funds after the 100MUSD Baltic Innovation Fund)

4. Accelerators Startup Wise Guys 2nd batch started

GameFounders 2nd batch started +

Accelerace Life discovery phase launch (cross-border accelerator in health technologies)

5. EstBAN !!!

Estonian Business Angels Network

So what are we missing?

What have been mentioned as issues?

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Based on notes from Pirko Konsa, Tehnopol Foundation  

But what is the real big next problem

for our ecosystem ?

It‘s focus and being smart about it !

Compulsory reading for all of us:

„Nutikas spetsialiseerumine“

Kristjan Lepik

What direction to choose ?

EstBAN – my hopes lie with you

1.Let’s take a closer look at the universities (students) + scientists (patents)

2. Let’s take the DF support money amplification that I’m sure will be set up

3. And then start actively steering also the government R&D funding

All of this will give us pipeline in 3 to 5 years, but that’s the edge we need

Please contact me for extra info

Thanks!

Raido Pikkar raido.pikkar@tehnopol.ee