Andrus Viirg Enterprise Estonia Silicon Valley andrus.viirg@eas.ee www.estonia.eu www.investinestonia.com January 23, 2012 @ Stanford Engineering European Entrepreneurship & Innovation

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


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)

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.

Joined the EURO currency Jan.1, 2011

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

Estonia produces a disproportionate number of startups per capita

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.

Wired European Startups

The Wired Magazine By Tom Cheshire 16 August 2011

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

Estonia behind the scenes
integrating into Scandinavia birthplace of Kazaa & Skype

NATO Cyber Defence Centre
EU IT Agency e-Estonia

Universities & Tech Parks
– 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

Not only e-Estonia
• Cleantech & energy efficiency
www.crystalsol.ee www.goliath.ee www.yogasystems.com – www.vkg.ee www.shaleoil.ee www.elcogen.ee

• Oil shale mining, chemistry, oil extraction
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

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