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Andrus Viirg - Enterprise Estonia - Stanford - Feb 28 2011

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Andrus Viirg - Enterprise Estonia - Stanford - Feb 28 2011

  1. 1. Sinu logo ESTONIA overview Andrus Viirg Enterprise Estonia Silicon Valley andrus.viirg@eas.ee www.investinestonia.com www.lifeinestonia.ee www.tradewithestonia.com www.visitestonia.com www.eas.ee www.estonia.eu
  2. 2. 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
  3. 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. 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 USD GDP per capita: 14 000 USD EURO from Jan.2011 (2010) Exports 76% of GDP transit trade comprising over 80% of the general transport of goods.
  5. 5. Estonia: integrating into Scandinavia  Sweden / Finland main foreign investment (FDI) & trade partners  cross border linkages • banking • ICT • timber industry • engineering
  6. 6. 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
  7. 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. 8. Competence Centre independent 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
  9. 9. Innovative start-ups from Estonia going global Six 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
  10. 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. 11. www.investinestonia.com www.tradewithestonia.com www.visitestonia.com www.lifeinestonia.ee www.eas.ee

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