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Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - Stanford Engineering - Mar 2 2015

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Estonia	
  
www.estonia.eu	
  
	
  	
  
	
  
Andrus	
  Viirg	
  
Enterprise	
  Estonia	
  Silicon	
  Valley	
  
and...

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ENTERPRISE	
  	
  ESTONIA	
  
State	
  founda3on	
  for	
  	
  Business	
  Support	
  &	
  Development:	
  
§  implemen9n...

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Republic of
Estonia
(Eesti)
1918 - 1940
1991 - .....
Member of
EU, NATO (2004),
OECD (2010)
Population:
1.36 million
in th...

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Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - Stanford Engineering - Mar 2 2015

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Talk by Andrus Viirg, Director - Enterprise Estonia - Silicon Valley (EE), at Stanford on March 2 2015, in our session on 'Estonia & Berlin | Barcelona :: Big Data & Co-Working Spaces'.

Website: http://www.StanfordEuropreneurs.org
YouTube Channel: https://www.youtube.com/user/StanfordEuropreneurs
Twitter: @Europreneurs

Talk by Andrus Viirg, Director - Enterprise Estonia - Silicon Valley (EE), at Stanford on March 2 2015, in our session on 'Estonia & Berlin | Barcelona :: Big Data & Co-Working Spaces'.

Website: http://www.StanfordEuropreneurs.org
YouTube Channel: https://www.youtube.com/user/StanfordEuropreneurs
Twitter: @Europreneurs

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Andrus Viirg - Estonian Tech Ecosystem - Enterprise Estonia Silicon Valley - Stanford Engineering - Mar 2 2015

  1. 1.     Estonia   www.estonia.eu         Andrus  Viirg   Enterprise  Estonia  Silicon  Valley   andrus.viirg@eas.ee   www.inves9nestonia.com     European  Entrepreneurship  and  Innova9on  Thought  Leaders   Stanford  Engineering   March  2,  2015  
  2. 2. ENTERPRISE    ESTONIA   State  founda3on  for    Business  Support  &  Development:   §  implemen9ng  agency  of  the  EU  structural  funds  in  Estonia   §  ca  270  employees     §  financing  agency  (grants)  for  enterprises,  R&D    and  non-­‐profit  ins9tu9ons   §  budget    784  mln  EUR  during  2007-­‐2013   §  budget    750  mln  EUR  for  2014-­‐2020         Investment,  Trade  &  Innova3on  Promo3on   –  assis9ng  interna9onal  companies  to  estonianize   –  assis9ng    Estonian  companies  to  interna+onalize   –  Foreign    Representa3ve  Offices:    China  (Shanhai);  Finland  (Helsinki);  Germany  (Hamburg);              Japan  )Tokyo):  Russia  (Moscow  &  St.  Petersburg);        Sweden  (Stockholm  -­‐  for  whole  Scandinavia);      UK  (London);  USA  (Silicon  Valley)  
  3. 3. Republic of Estonia (Eesti) 1918 - 1940 1991 - ..... Member of EU, NATO (2004), OECD (2010) Population: 1.36 million in the EURO zone from Jan.1, 2011 GDP (PPP): 30 billion USD GDP per capita: 22 400 USD (2013)
  4. 4. Photograph:  Minna  Sundberg  
  5. 5. Photograph:  Minna  Sundberg  
  6. 6. Doing  Business  in  Estonia   an  Emerging  (New)  Scandinavia  country  with  a   strong  and  stable  economy       •  simple  tax  system     –  flat  20%  income  tax   NO  Corporate  Income  tax  on  reinvested   profits  (20%  tax  on  dividends  only)     •  efficient  company  setup  and  repor9ng   based  on  e-­‐government  solu9ons   #1 in EU in the `economic freedom` index by Heritage Foundation & WSJ # 8 globally #17 globally in the World Bank’s Ease of Doing Business Index #6 best global location for “trading across borders”. among the most wired and technologically advanced countries in the world  
  7. 7. Five  Global  Ci9es  of  the  Future:    the  emerging  startup  hubs  for  opportuni9es  to  launch  or  expand  interna9onally   Tallinn  (Estonia)  -­‐  most  internet-­‐connected  ci9es,  with  a  deep  pool  of  tech  talent  thanks  to  all  the  Skype  alumni  running  around.   San+ago  (Chili)  -­‐  one  of  the  most  foreign-­‐entrepreneur-­‐friendly  ci9es   Dubai,  Istanbul  (Middle  East)  –  gateways  to  Modern  Middle  East   Shenhzen  (China)  -­‐  Silicon  Valley  for  hardware  makers     Greg  Lindsay,  contribu9ng  writer  at  Inc.  and  co-­‐ author  of  Aerotropolis:  The  Way  We'll  Live  Next.  
  8. 8. e-­‐Estonia     Technologically  advanced  business   plaKorms  &  e-­‐Government  services   host  of  NATO´s  Cyber  Defence  Centre     electronic  ID  card    &  digital  signature  from  2002    e-­‐Tax  Board,  e-­‐  Land  Register,  e-­‐Business  Register                            e-­‐Police,  e-­‐School,  e-­‐Health,  e-­‐Prescrip9on,    e-­‐Vo9ng,...            e-­‐banking:  98%  of  bank  transac9ons  electronically              m-­‐parking     www.e-estonia.com
  9. 9. *Estonian crowdsourced database 5,690,000 3,958,000 7,304,831 4,315,000 18,530,867 8,154,000 20,700,500 32,354,041 70,805,333 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 80,000,000 2006 2007 2008 2009 2010 2011 2012 2013 2014 Funding of Estonian Startups Capital from Estonia (EUR) Total raised capital (EUR) The                                      phenomenon    
  10. 10. Wall  of  Fame   #estonianmafia  
  11. 11. •  Founded  in  2010  in  Tallinn,  Estonia   •  TechStars  Boston  alumni   •  In  2014  acquired  by  the  US-­‐Israeli  provider  of  3D  prin9ng  solu9ons,   Stratasys  Ltd,  for  around  US$100m   •  In  January  2015,  it  was  announced  that  NASA  uses  online  engineering   plakorm  GrabCAD  to  design  a  handrail  clamp  assembly  (HCA)  for  the   Interna9onal  Space  Sta9on  (ISS)  that  can  be  printed  on  the  ISS  3D  printer.  
  12. 12. Nothing  to  hide!          Bath4Banks!     Investors(raised  72mln  EUR):   a16z,   sir  Richard  Branson,  Peter  Thiel,   Index  Ventures…  SeedCamp   The  clever  new  way  to  beat  bank  fees   when  sending  money  abroad!   The  first  UNICORN  
  13. 13. In  2013   we  went  to  space….  
  14. 14. In  2014     we  launched  the  first   suprana3onal  e-­‐residency   scheme  in  the  world:          10  million  e-­‐Estonians   by  2025?   e-­‐residency?   Gepng  access  to  the  e-­‐services  available  in  Estonia.   -­‐  Establishing  a  company  online   -­‐  Filing  documents,  reports  and  tax  returns  online   -­‐  Online  par9cipa9on  at  shareholders/board   mee9ngs   -­‐  Signing  documents  digitally   -­‐  Encryp9ng  documents,   -­‐  Online  banking,….      
  15. 15. Steve  Jurvetson  (DFJ):  `…it  will  be  easy  for  U.S.   startups  to  set  up  their  European  presence..`          December  2014   This  is  so  freaking  huge  man,   it´s  insane!     The  plan  to  let  anyone  become  European  -­‐  digitally  
  16. 16. 6th European Sauna Marathon (Otepää, Estonia) 1  000+  par9cipants:  track  down  and  visit  the   given  Saunas….  
  17. 17. Andrus  Viirg   Enterprise  Estonia  Silicon  Valley   andrus.viirg@eas.ee   www.inves9nestonia.com  

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