Andrus Viirg - Enterprise Estonia - Stanford - Feb 28 2011

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  • 1. Sinu logo ESTONIA overview Andrus Viirg Enterprise Estonia Silicon Valley andrus.viirg@eas.eewww.investinestonia.comwww.lifeinestonia.eewww.tradewithestonia.comwww.visitestonia.comwww.eas.eewww.estonia.eu
  • 2. ENTERPRISE ESTONIAState foundation for Business Development:Investment, Trade, Innovation/Technology and Tourismpromotion + 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 trainingInvestment, 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
  • 3. • 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
  • 4. Estonia 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 USDGDP per capita: 14 000 USD EURO from Jan.2011(2010)Exports 76% of GDPtransit trade comprising over80% of the general transportof goods.
  • 5. Estonia:integrating intoScandinavia Sweden / Finland main foreign investment (FDI) & trade partners cross border linkages • banking • ICT • timber industry • engineering
  • 6. e-Estoniae & 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
  • 7. Universities & Tech Parks– 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
  • 8. Competence Centreindependent state supported research organizations (privatecompanies 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
  • 9. Innovative start-ups fromEstonia going global Six Estonian companies on the 100 global list of Innovate2010 by Guidewire Group www.innovate100.comwww.nowinnovations.comwww.fits.mewww.crabcad.com (winner of Seedcamp 2011)www.taxipal.comwww.edicy.com (winner of Seedcamp 2010)www.nutiteq.com On the 100 list of Red Herring Asiawww.guardtime.com
  • 10. 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%)
  • 11. www.investinestonia.comwww.tradewithestonia.com www.visitestonia.com www.lifeinestonia.ee www.eas.ee