SlideShare a Scribd company logo
Sinu logo




ESTONIA overview
www.europeanentrepreneursatstanford.com
Andrus Viirg
Enterprise Estonia Silicon Valley

andrus.viirg@eas.ee
www.investinestonia.com
www.lifeinestonia.ee
Topics
•   Estonia in a nutshell
•   business & entrepreneurship
•   R&D and innovation
•   Estonia & US business connections
•   Enterprise Estonia

• ...the big bang theory
ESTONIA
Estonia

                                   Republic of Estonia
                                   (1918-1940) regained
                                   independence in 1991

                                   Member of EU, NATO
                                   (2004)

                                   Population: 1.36 million
                                   Territory: 17 464 sq mile
GDP per capita: 11 830 EUR
(2008)                             Currency board system
                                   (since 1992)
Natural resources:                 15.64EEK=1EUR
timber, oil-shale

Exports 76% of GDP
transit trade comprising over
80% of the general transport
of goods.
economic developments in Estonia
15                                                                                              Global
       Break-up of                 real GDP growth (%)                                          financial
       the USSR                                                               11,4
                                       10,5                                10,5                 crises
10
                                                          7,8 7,7 8 7,1 8,1       7,1
                           4,5 4,5          5,2
 5

                      -1,6                         -0,1
 0
  91

       92

            93

                  94

                        95

                              96

                                   97

                                         98

                                               99

                                                     00

                                                           01

                                                                02

                                                                     03

                                                                           04

                                                                                05

                                                                                      06

                                                                                           07

                                                                                                08

                                                                                                     09
 19

      19

           19

                19

                      19

                             19

                                  19

                                       19

                                              19

                                                    20

                                                          20

                                                               20

                                                                    20

                                                                          20

                                                                               20

                                                                                    20

                                                                                         20

                                                                                              20

                                                                                                   20
 -5                                                                                 EU         -3,6
                                                                                    membership
                                                   Russian &
-10                          Monetary                                    ICT
                 -9                                Asian
                             reform in                                   boom & bust
                                                   financial
                             EStonia               crises
-15 -13,6 -14,2                                                                                         -14
Estonia: integrating
into Northern Europe
 Sweden / Finland main
  foreign investment (FDI)
  & trade partners

 cross border linkages
   • banking
   • telecommunications
   • timber industry
   • electronics
   • engineering
e & m services
                                  e-banking (98% non-cash
      e-Estonia                     transactions)
   home of Skype                 m-parking, m-payments
   NATO Cyber Defence Centre   e-government
                                  electronic ID card
                                  e-taxboard, e-schools,
                                  e-health, e-police, e-elections
                                    …




                                   - electricity (3000 MW)
                                   - crude oil + diesel fuel
    oil-shale Estonia              - fine chemicals & cosmetics
R&D and Universities
– Tallinn University of Technology
  www.ttu.ee
   - 9,500 students
   - Technology Park: www.tehnopol.ee


– Tartu University (est. 1632)
  www.ut.ee
   - 17,745 students
   - Tartu Biotechnology Park: www.biopark.ee
   - Tartu Science Park
innovation
Centres of Excellence: cooperation between
enterprises and R&D institutions (ca 130 mln USD)
 – 3 CEs in IT and electronics
    • Software Technologies and Applications (mainly e-health)
    • Electronics & ICT (smart space tecnologies)
    • Innovative Engineering & Production Systems (e-factory, e-production)
– 2 CEs in food related research
    • Food & Fermentation Technology
    • Healthy Dairy Products

– 2 CEs in biomedicine
    • Reproductive Medicine & Biology (diagnostics of infertility)
    • Cancer Research (new diagnostic platforms)
– 1 CE in nanotechnology
    • (nano-structural gas sensors & functional nano-materials)
Venture Capital
– Ambient Sound Investments: www.asi.ee

– MTVP: www.martinsontrigon.com

– Cresco www.cresco.ee/

– BaltCap www.baltcap.com
Estonian companies in US
                 US companies in Estonia
•   www.fotki.com
•   www.fusionone.com
•   www.egeeninc.com
•   www.oak-biotech.com
•   www.artecgroup.com
•   www.spmtips.com
•   www.modesat.com
•   www.raintreeinc.com
•   www.mobilenowsolutions.com
•   www.ldi.ee
ENTERPRISE ESTONIA
State foundation for Investment, Trade, Technology and
Tourism promotion + the Space Office of Estonia
    implementing agency of the EU structural funds in Estonia
    budget of ca 1.3 billion USD (2007-2013)
    about 300 employees
    providing financing/grant products, advice, partnership
     opportunities and training for entrepreneurs, R&D institutions and
     the public and non-profit sectors

Investment & Trade Promotion
 – We help international companies to get estonianised
 – We help estonian companies to get internationalised
 – Foreign offices in Stockholm, Helsinki, London, Hamburg, Moscow,
    St. Petersburg , Kiev, Silicon Valley, Shanghai and Tokyo
Where the Sun came to rest...
8000 BC: the glaciers are retreating, followed by the reindeer hunters
(ancestors of present day Estonians)
1000 BC: a direct meteorite hit on Estonia (Bronze Age), the island of
Saaremaa (isle of land)

Greek mythology
- Ultima Thule
- Phaeton and the Chariot of the Sun
www.investinestonia.com
www.visitestonia.com
www.eas.ee
www.lifeinestonia.ee

More Related Content

What's hot

Mercato auto Europa 2012
Mercato auto Europa 2012Mercato auto Europa 2012
Mercato auto Europa 2012
Autoblog.it
 
Scott Bowe
Scott BoweScott Bowe
Scott Bowe
cmnsdi
 
From Oecd To SNR
From Oecd To SNRFrom Oecd To SNR
From Oecd To SNR30088
 
Ielts listening answer sheet
Ielts listening answer sheetIelts listening answer sheet
Ielts listening answer sheet
HighPoint IELTS Preparation Services, Inc.
 
Ielts reading answer sheet
Ielts reading answer sheetIelts reading answer sheet
Ielts reading answer sheet
HighPoint IELTS Preparation Services, Inc.
 
Mercato auto europa_luglio-agosto_2012
Mercato auto europa_luglio-agosto_2012Mercato auto europa_luglio-agosto_2012
Mercato auto europa_luglio-agosto_2012Autoblog.it
 
9 City Rept Murrieta
9 City Rept    Murrieta9 City Rept    Murrieta
Consumer credit market in europe at end 2010
Consumer credit market in europe at end 2010Consumer credit market in europe at end 2010
Consumer credit market in europe at end 2010
CA Consumer Finance
 
Brochure
BrochureBrochure
Brochure
信 内田
 
Lawrence Casalino: what GP consortia might learn from the US
Lawrence Casalino: what GP consortia might learn from the USLawrence Casalino: what GP consortia might learn from the US
Lawrence Casalino: what GP consortia might learn from the USNuffield Trust
 
Sustainable Organisations: Can businesses solve social and environmental issu...
Sustainable Organisations: Can businesses solve social and environmental issu...Sustainable Organisations: Can businesses solve social and environmental issu...
Sustainable Organisations: Can businesses solve social and environmental issu...
London Business School
 
Mercato auto europa luglio-agosto_2012
Mercato auto europa luglio-agosto_2012Mercato auto europa luglio-agosto_2012
Mercato auto europa luglio-agosto_2012Autoblog.it
 
Summary of JUNE 2010 Existing Home Sales Statistics
Summary of JUNE 2010 Existing Home Sales StatisticsSummary of JUNE 2010 Existing Home Sales Statistics
Summary of JUNE 2010 Existing Home Sales StatisticsNAR Research
 
Reza baqir 22ndcacci conference
Reza baqir 22ndcacci conferenceReza baqir 22ndcacci conference
Reza baqir 22ndcacci conferencePushpa Nalawade
 
Stora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and Living
Stora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and LivingStora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and Living
Stora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and Living
Stora Enso
 

What's hot (19)

Mercato auto Europa 2012
Mercato auto Europa 2012Mercato auto Europa 2012
Mercato auto Europa 2012
 
Scott Bowe
Scott BoweScott Bowe
Scott Bowe
 
AEFI Dhamija
AEFI DhamijaAEFI Dhamija
AEFI Dhamija
 
From Oecd To SNR
From Oecd To SNRFrom Oecd To SNR
From Oecd To SNR
 
Ielts listening answer sheet
Ielts listening answer sheetIelts listening answer sheet
Ielts listening answer sheet
 
Ielts reading answer sheet
Ielts reading answer sheetIelts reading answer sheet
Ielts reading answer sheet
 
Mercato auto europa_luglio-agosto_2012
Mercato auto europa_luglio-agosto_2012Mercato auto europa_luglio-agosto_2012
Mercato auto europa_luglio-agosto_2012
 
Transportation & Carbon Solutions
Transportation & Carbon SolutionsTransportation & Carbon Solutions
Transportation & Carbon Solutions
 
9 City Rept Murrieta
9 City Rept    Murrieta9 City Rept    Murrieta
9 City Rept Murrieta
 
Consumer credit market in europe at end 2010
Consumer credit market in europe at end 2010Consumer credit market in europe at end 2010
Consumer credit market in europe at end 2010
 
Brochure
BrochureBrochure
Brochure
 
Lawrence Casalino: what GP consortia might learn from the US
Lawrence Casalino: what GP consortia might learn from the USLawrence Casalino: what GP consortia might learn from the US
Lawrence Casalino: what GP consortia might learn from the US
 
Presentacia Final
Presentacia FinalPresentacia Final
Presentacia Final
 
Sustainable Organisations: Can businesses solve social and environmental issu...
Sustainable Organisations: Can businesses solve social and environmental issu...Sustainable Organisations: Can businesses solve social and environmental issu...
Sustainable Organisations: Can businesses solve social and environmental issu...
 
Mercato auto europa luglio-agosto_2012
Mercato auto europa luglio-agosto_2012Mercato auto europa luglio-agosto_2012
Mercato auto europa luglio-agosto_2012
 
Summary of JUNE 2010 Existing Home Sales Statistics
Summary of JUNE 2010 Existing Home Sales StatisticsSummary of JUNE 2010 Existing Home Sales Statistics
Summary of JUNE 2010 Existing Home Sales Statistics
 
January
JanuaryJanuary
January
 
Reza baqir 22ndcacci conference
Reza baqir 22ndcacci conferenceReza baqir 22ndcacci conference
Reza baqir 22ndcacci conference
 
Stora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and Living
Stora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and LivingStora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and Living
Stora Enso CMD - Presentation by Hannu Kasurinen, EVP, Building and Living
 

Viewers also liked

EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...
EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...
EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...
Burton Lee
 
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012Burton Lee
 
Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013
Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013
Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013Burton Lee
 
Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011
Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011
Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011Burton Lee
 
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012Burton Lee
 
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012Burton Lee
 
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012Burton Lee
 

Viewers also liked (7)

EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...
EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...
EU Space Research Program @ Stanford - OSU - Hints for US Organizations Propo...
 
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
Lorenzo Thione - Powerset - Stanford Engineering - Jan 9 2012
 
Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013
Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013
Erica Labovitz - Indiegogo in Europe - Stanford Engineering - Feb 4 2013
 
Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011
Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011
Nicolai Wadstrom - Bootstrap Labs - Stanford - Jan 3 2011
 
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012
 
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
Zarko Maletin - Plug n Play Tech Center - Stanford Engineering - Mar 12 2012
 
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
Duncan Logan - Rocketspace - Stanford Engineering - Mar 12 2012
 

Similar to Estonia Overview - Andrus Viirg - Stanford - Jan 25 2010

LEAR Q108presentation-z1x78ds
LEAR Q108presentation-z1x78dsLEAR Q108presentation-z1x78ds
LEAR Q108presentation-z1x78dsfinance16
 
Understanding of the Vietnamese Economy and Business Environment 2012
Understanding of the Vietnamese Economy and Business Environment 2012Understanding of the Vietnamese Economy and Business Environment 2012
Understanding of the Vietnamese Economy and Business Environment 2012
Tri Dung, Tran
 
Wilcox world demand and supply 2011
Wilcox world demand and supply 2011Wilcox world demand and supply 2011
Wilcox world demand and supply 2011lanasultrafinas
 
Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...
Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...
Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...Business Intelligence Research
 
Take back the web
Take back the webTake back the web
Take back the web
Ben Schwarz
 
Advice Charities and The Credit Crunch
Advice Charities and The Credit CrunchAdvice Charities and The Credit Crunch
Advice Charities and The Credit Crunch
nfpSynergy
 
Wellness & Consumer Driven Health Care
Wellness & Consumer Driven Health CareWellness & Consumer Driven Health Care
Wellness & Consumer Driven Health Care
guest00dbec2
 
Wellness & Consumer Driven Health Care
Wellness & Consumer Driven Health CareWellness & Consumer Driven Health Care
Wellness & Consumer Driven Health Care
guest00dbec2
 
Wellness & Consumer Driven Health Care
Wellness & Consumer Driven Health CareWellness & Consumer Driven Health Care
Wellness & Consumer Driven Health Care
Smeaco
 
Men vs Women trends in earnings and education
Men vs Women trends in earnings and educationMen vs Women trends in earnings and education
Men vs Women trends in earnings and education
Gaetan Lion
 
Matsushita3
Matsushita3Matsushita3
Matsushita3
Jesse Kedy
 
Regulations As a "Panacea": Exploring the Consequences
Regulations As a "Panacea": Exploring the ConsequencesRegulations As a "Panacea": Exploring the Consequences
Regulations As a "Panacea": Exploring the ConsequencesMercatus Center
 
China outbound Investment
China outbound InvestmentChina outbound Investment
China outbound Investment
Asian Horizon Ltd
 
Financing For Development
Financing For DevelopmentFinancing For Development
Financing For Development
Commonwealth Secretariat
 
Roadmap For International Growth Final
Roadmap For International Growth FinalRoadmap For International Growth Final
Roadmap For International Growth Final
jwdento3
 
The Green Delusion
The Green DelusionThe Green Delusion
The Green Delusion
Green Initiatives 绿色倡议
 
IBM Tivoli Live - A new way of managing your IT services - PCTY 2011
IBM Tivoli Live - A new way of managing your IT services - PCTY 2011IBM Tivoli Live - A new way of managing your IT services - PCTY 2011
IBM Tivoli Live - A new way of managing your IT services - PCTY 2011
IBM Sverige
 
TEDxBotkyrka - Start caring, start sharing
TEDxBotkyrka - Start caring, start sharingTEDxBotkyrka - Start caring, start sharing
TEDxBotkyrka - Start caring, start sharing
Joakim Jardenberg
 
2006:Economic Impact of HIV/AIDS in Botswana
2006:Economic Impact of HIV/AIDS in Botswana2006:Economic Impact of HIV/AIDS in Botswana
2006:Economic Impact of HIV/AIDS in Botswanaeconsultbw
 
The transition to Finch - the implications for academic libraries
The transition to Finch - the implications for academic librariesThe transition to Finch - the implications for academic libraries
The transition to Finch - the implications for academic librariesBLHdSocSci
 

Similar to Estonia Overview - Andrus Viirg - Stanford - Jan 25 2010 (20)

LEAR Q108presentation-z1x78ds
LEAR Q108presentation-z1x78dsLEAR Q108presentation-z1x78ds
LEAR Q108presentation-z1x78ds
 
Understanding of the Vietnamese Economy and Business Environment 2012
Understanding of the Vietnamese Economy and Business Environment 2012Understanding of the Vietnamese Economy and Business Environment 2012
Understanding of the Vietnamese Economy and Business Environment 2012
 
Wilcox world demand and supply 2011
Wilcox world demand and supply 2011Wilcox world demand and supply 2011
Wilcox world demand and supply 2011
 
Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...
Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...
Nationwide Insurance - Building an Effective Finance Control and Fast Book Cl...
 
Take back the web
Take back the webTake back the web
Take back the web
 
Advice Charities and The Credit Crunch
Advice Charities and The Credit CrunchAdvice Charities and The Credit Crunch
Advice Charities and The Credit Crunch
 
Wellness & Consumer Driven Health Care
Wellness & Consumer Driven Health CareWellness & Consumer Driven Health Care
Wellness & Consumer Driven Health Care
 
Wellness & Consumer Driven Health Care
Wellness & Consumer Driven Health CareWellness & Consumer Driven Health Care
Wellness & Consumer Driven Health Care
 
Wellness & Consumer Driven Health Care
Wellness & Consumer Driven Health CareWellness & Consumer Driven Health Care
Wellness & Consumer Driven Health Care
 
Men vs Women trends in earnings and education
Men vs Women trends in earnings and educationMen vs Women trends in earnings and education
Men vs Women trends in earnings and education
 
Matsushita3
Matsushita3Matsushita3
Matsushita3
 
Regulations As a "Panacea": Exploring the Consequences
Regulations As a "Panacea": Exploring the ConsequencesRegulations As a "Panacea": Exploring the Consequences
Regulations As a "Panacea": Exploring the Consequences
 
China outbound Investment
China outbound InvestmentChina outbound Investment
China outbound Investment
 
Financing For Development
Financing For DevelopmentFinancing For Development
Financing For Development
 
Roadmap For International Growth Final
Roadmap For International Growth FinalRoadmap For International Growth Final
Roadmap For International Growth Final
 
The Green Delusion
The Green DelusionThe Green Delusion
The Green Delusion
 
IBM Tivoli Live - A new way of managing your IT services - PCTY 2011
IBM Tivoli Live - A new way of managing your IT services - PCTY 2011IBM Tivoli Live - A new way of managing your IT services - PCTY 2011
IBM Tivoli Live - A new way of managing your IT services - PCTY 2011
 
TEDxBotkyrka - Start caring, start sharing
TEDxBotkyrka - Start caring, start sharingTEDxBotkyrka - Start caring, start sharing
TEDxBotkyrka - Start caring, start sharing
 
2006:Economic Impact of HIV/AIDS in Botswana
2006:Economic Impact of HIV/AIDS in Botswana2006:Economic Impact of HIV/AIDS in Botswana
2006:Economic Impact of HIV/AIDS in Botswana
 
The transition to Finch - the implications for academic libraries
The transition to Finch - the implications for academic librariesThe transition to Finch - the implications for academic libraries
The transition to Finch - the implications for academic libraries
 

More from Burton Lee

Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012Burton Lee
 
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012Burton Lee
 
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012Burton Lee
 
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012Burton Lee
 
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012Burton Lee
 
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012Burton Lee
 
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012Burton Lee
 
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012Burton Lee
 
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2Burton Lee
 
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Burton Lee
 
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2Burton Lee
 
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Burton Lee
 
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2Burton Lee
 
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012Burton Lee
 
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012Burton Lee
 
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012Burton Lee
 
Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...
Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...
Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...
Burton Lee
 
About Universidad de los Andes, Bogota, Colombia
About Universidad de los Andes, Bogota, ColombiaAbout Universidad de los Andes, Bogota, Colombia
About Universidad de los Andes, Bogota, ColombiaBurton Lee
 
Silicon Valley and Its Siblings - Action Report - March 2011
Silicon Valley and Its Siblings - Action Report - March 2011Silicon Valley and Its Siblings - Action Report - March 2011
Silicon Valley and Its Siblings - Action Report - March 2011Burton Lee
 
Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011
Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011
Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011Burton Lee
 

More from Burton Lee (20)

Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
Alfredo Coppola - US MAC - Stanford Engineering - Mar 12 2012
 
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
Adeo Ressi - Founder Institute - Stanford Engineering - Mar 12 2012
 
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
Aydin Senkut - Felicis Ventures - Stanford Engineering - Mar 12 2012
 
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
Michel Wendell - Nexit Ventures - Finland - Stanford Engineering - Mar 5 2012
 
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
Reshma Sohoni - Seedcamp - UK - Stanford Engineering - Mar 5 2012
 
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
Jan Rezab - Socialbakers - Czech Republic - Stanford Engineering - Feb 27 2012
 
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
Eirikur Hrafnsson - GreenQloud - Iceland - Stanford Engineering - Feb 27 2012
 
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
Ville Miettinen - Microtask - Finland - Stanford Engineering - Feb 13 2012
 
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
Ilja Laurs - GetJar - Lithuania - Stanford Engineering - Feb 13 2012 v2
 
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...
 
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
Stephan Gutzeit - Stiftung Charite - Stanford Engineering - Feb 6 2012 - V2
 
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
Claus Fuglsang - Novozymes - Denmark - Stanford Engineering - Jan 30 2012
 
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
Frederic Maire - Renault Innovation Silicon Valley - Stanford - Jan 30 2012 v2
 
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
Arkady Borkovsky - Yandex Labs - Stanford Engineering - Jan 30 2012
 
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
Hushpreet Dhaliwal - NACUE UK - Stanford Engineering - Jan 23 2012
 
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
Andrus Viirg - Enterprise Estonia - Stanford - Jan 23 2012
 
Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...
Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...
Burton Lee - University Research Panel - Intl Technology Law Assn 4th Confere...
 
About Universidad de los Andes, Bogota, Colombia
About Universidad de los Andes, Bogota, ColombiaAbout Universidad de los Andes, Bogota, Colombia
About Universidad de los Andes, Bogota, Colombia
 
Silicon Valley and Its Siblings - Action Report - March 2011
Silicon Valley and Its Siblings - Action Report - March 2011Silicon Valley and Its Siblings - Action Report - March 2011
Silicon Valley and Its Siblings - Action Report - March 2011
 
Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011
Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011
Arne Hostrup - Netzwerk Nordbayern EBAN - YES Execom - Athens - April 14 2011
 

Recently uploaded

Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Holger Mueller
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
daothibichhang1
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
zoyaansari11365
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
WilliamRodrigues148
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
fisherameliaisabella
 
In the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptxIn the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptx
Adani case
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
Adam Smith
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Arihant Webtech Pvt. Ltd
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
Corey Perlman, Social Media Speaker and Consultant
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
HARSHITHV26
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Lviv Startup Club
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
tanyjahb
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
Operational Excellence Consulting
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
sarahvanessa51503
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
Cynthia Clay
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
marketing317746
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
daothibichhang1
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
LR1709MUSIC
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
Nicola Wreford-Howard
 
Auditing study material for b.com final year students
Auditing study material for b.com final year  studentsAuditing study material for b.com final year  students
Auditing study material for b.com final year students
narasimhamurthyh4
 

Recently uploaded (20)

Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesEvent Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challenges
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdfBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc.pdf
 
Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111Introduction to Amazon company 111111111111
Introduction to Amazon company 111111111111
 
Training my puppy and implementation in this story
Training my puppy and implementation in this storyTraining my puppy and implementation in this story
Training my puppy and implementation in this story
 
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdfModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
ModelingMarketingStrategiesMKS.CollumbiaUniversitypdf
 
In the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptxIn the Adani-Hindenburg case, what is SEBI investigating.pptx
In the Adani-Hindenburg case, what is SEBI investigating.pptx
 
The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...The Influence of Marketing Strategy and Market Competition on Business Perfor...
The Influence of Marketing Strategy and Market Competition on Business Perfor...
 
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdfSearch Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
 
Authentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto RicoAuthentically Social by Corey Perlman - EO Puerto Rico
Authentically Social by Corey Perlman - EO Puerto Rico
 
Set off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptxSet off and carry forward of losses and assessment of individuals.pptx
Set off and carry forward of losses and assessment of individuals.pptx
 
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
Evgen Osmak: Methods of key project parameters estimation: from the shaman-in...
 
3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx3.0 Project 2_ Developing My Brand Identity Kit.pptx
3.0 Project 2_ Developing My Brand Identity Kit.pptx
 
Sustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & EconomySustainability: Balancing the Environment, Equity & Economy
Sustainability: Balancing the Environment, Equity & Economy
 
Brand Analysis for an artist named Struan
Brand Analysis for an artist named StruanBrand Analysis for an artist named Struan
Brand Analysis for an artist named Struan
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05amptalk_RecruitingDeck_english_2024.06.05
amptalk_RecruitingDeck_english_2024.06.05
 
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.docBài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
Bài tập - Tiếng anh 11 Global Success UNIT 1 - Bản HS.doc
 
FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134FINAL PRESENTATION.pptx12143241324134134
FINAL PRESENTATION.pptx12143241324134134
 
Exploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social DreamingExploring Patterns of Connection with Social Dreaming
Exploring Patterns of Connection with Social Dreaming
 
Auditing study material for b.com final year students
Auditing study material for b.com final year  studentsAuditing study material for b.com final year  students
Auditing study material for b.com final year students
 

Estonia Overview - Andrus Viirg - Stanford - Jan 25 2010

  • 1. Sinu logo ESTONIA overview www.europeanentrepreneursatstanford.com Andrus Viirg Enterprise Estonia Silicon Valley andrus.viirg@eas.ee www.investinestonia.com www.lifeinestonia.ee
  • 2. Topics • Estonia in a nutshell • business & entrepreneurship • R&D and innovation • Estonia & US business connections • Enterprise Estonia • ...the big bang theory
  • 4. Estonia Republic of Estonia (1918-1940) regained independence in 1991 Member of EU, NATO (2004) Population: 1.36 million Territory: 17 464 sq mile GDP per capita: 11 830 EUR (2008) Currency board system (since 1992) Natural resources: 15.64EEK=1EUR timber, oil-shale Exports 76% of GDP transit trade comprising over 80% of the general transport of goods.
  • 5. economic developments in Estonia 15 Global Break-up of real GDP growth (%) financial the USSR 11,4 10,5 10,5 crises 10 7,8 7,7 8 7,1 8,1 7,1 4,5 4,5 5,2 5 -1,6 -0,1 0 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 -5 EU -3,6 membership Russian & -10 Monetary ICT -9 Asian reform in boom & bust financial EStonia crises -15 -13,6 -14,2 -14
  • 6. Estonia: integrating into Northern Europe  Sweden / Finland main foreign investment (FDI) & trade partners  cross border linkages • banking • telecommunications • timber industry • electronics • engineering
  • 7. e & m services e-banking (98% non-cash e-Estonia transactions)  home of Skype m-parking, m-payments  NATO Cyber Defence Centre e-government electronic ID card e-taxboard, e-schools, e-health, e-police, e-elections … - electricity (3000 MW) - crude oil + diesel fuel oil-shale Estonia - fine chemicals & cosmetics
  • 8. R&D and Universities – Tallinn University of Technology www.ttu.ee - 9,500 students - Technology Park: www.tehnopol.ee – Tartu University (est. 1632) www.ut.ee - 17,745 students - Tartu Biotechnology Park: www.biopark.ee - Tartu Science Park
  • 9. innovation Centres of Excellence: cooperation between enterprises and R&D institutions (ca 130 mln USD) – 3 CEs in IT and electronics • Software Technologies and Applications (mainly e-health) • Electronics & ICT (smart space tecnologies) • Innovative Engineering & Production Systems (e-factory, e-production) – 2 CEs in food related research • Food & Fermentation Technology • Healthy Dairy Products – 2 CEs in biomedicine • Reproductive Medicine & Biology (diagnostics of infertility) • Cancer Research (new diagnostic platforms) – 1 CE in nanotechnology • (nano-structural gas sensors & functional nano-materials)
  • 10. Venture Capital – Ambient Sound Investments: www.asi.ee – MTVP: www.martinsontrigon.com – Cresco www.cresco.ee/ – BaltCap www.baltcap.com
  • 11. Estonian companies in US US companies in Estonia • www.fotki.com • www.fusionone.com • www.egeeninc.com • www.oak-biotech.com • www.artecgroup.com • www.spmtips.com • www.modesat.com • www.raintreeinc.com • www.mobilenowsolutions.com • www.ldi.ee
  • 12. ENTERPRISE ESTONIA State foundation for Investment, Trade, Technology and Tourism promotion + the Space Office of Estonia  implementing agency of the EU structural funds in Estonia  budget of ca 1.3 billion USD (2007-2013)  about 300 employees  providing financing/grant products, advice, partnership opportunities and training for entrepreneurs, R&D institutions and the public and non-profit sectors Investment & Trade Promotion – We help international companies to get estonianised – We help estonian companies to get internationalised – Foreign offices in Stockholm, Helsinki, London, Hamburg, Moscow, St. Petersburg , Kiev, Silicon Valley, Shanghai and Tokyo
  • 13. Where the Sun came to rest... 8000 BC: the glaciers are retreating, followed by the reindeer hunters (ancestors of present day Estonians) 1000 BC: a direct meteorite hit on Estonia (Bronze Age), the island of Saaremaa (isle of land) Greek mythology - Ultima Thule - Phaeton and the Chariot of the Sun