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#estonianmafia
Andrus Viirg
Enterprise Estonia Silicon Valley
andrus.viirg@eas.ee

www.estonia.eu
www.investinestonia.com

January 23, 2012 @ Stanford Engineering
European Entrepreneurship & Innovation
ENTERPRISE ESTONIA
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
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      Joined the EURO
(2010)                          currency Jan.1, 2011

Exports 76% of GDP
transit trade comprising over
80% of the general transport
of goods.
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.elcogen.ee
          www.yogasystems.com
• Oil shale mining, chemistry, oil extraction
      – www.vkg.ee                 www.shaleoil.ee                www.enefit.com
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
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012

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Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012

  • 1. #estonianmafia Andrus Viirg Enterprise Estonia Silicon Valley andrus.viirg@eas.ee www.estonia.eu www.investinestonia.com January 23, 2012 @ Stanford Engineering European Entrepreneurship & Innovation
  • 2. ENTERPRISE ESTONIA 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
  • 3. 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 Joined the EURO (2010) currency Jan.1, 2011 Exports 76% of GDP transit trade comprising over 80% of the general transport of goods.
  • 4. 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
  • 5. 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.
  • 6. 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
  • 7. Estonia behind the scenes integrating into Scandinavia birthplace of Kazaa & Skype NATO Cyber Defence Centre EU IT Agency e-Estonia
  • 8. 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
  • 9. Not only e-Estonia • Cleantech & energy efficiency www.crystalsol.ee www.goliath.ee www.elcogen.ee www.yogasystems.com • Oil shale mining, chemistry, oil extraction – www.vkg.ee www.shaleoil.ee www.enefit.com 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%)
  • 10. 把瑠都 凱斗 Baruto Kaito Winner of Sumo Hatsu Basho Jan.22 2012, Tokyo Japan (top divison championship)
  • 11. 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