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Estonia

Ecosystem

Estonian startup ecosystem maps the major enablers and financiers who can assist you in starting and growing your business in a smart way.  The ecosystem includes providers of affordable working-space, business incubators, business plan competitions, training , mentoring, matchmaking events, etc.  The list of financiers range from grants for starting-up your business to venture capitalists. Start smart! 

Starting

Have an idea, but looking for support services, networking opportunities and similarly minded people?

Growing

Have a growing business, and want to take over the world?

  • StartSmart! Services

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    StartSmart!

    StartSmart!

    StartSmart! is a connecting title for a wide variety of different activities which are designed and carried out in the benefit of young entrepreneurial minded people in Estonia and Finland.

     

    www.start-smart.me

    Services for starting companies

    StartSmart! offers series of conferences, practical seminars, workshops and networking events targeted at aspiring entrepreneurs from Estonia and Finland.

  • Ajujaht Services

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    Ajujaht

    Ajujaht

    Ajujaht is a Estonian startup competition for young entrepreneurs creating innovative businesses.

     

    www.ajujaht.ee
    E-mail: info@ajujaht.ee

    Services for starting companies

    Ajujaht offers to young entrepreneurs Estonian biggest startup competition programme.

  • Estonian Unemployment Insurance Fund InvestmentsServices

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    Estonian Unemployment Insurance Fund

    Estonian Unemployment Insurance Fund

    The objective of the Estonian Unemployment Insurance Fund is the payment of unemployment insurance benefits, benefits upon collective termination of employment contracts and benefits upon the insolvency of employer in accordance with the Unemployment Insurance Act and other legislation.The Fund is a legal person in public law acting in accordance with the statutes of unemployment fund established and amended by a Regulation of the Government of the Republic.

     

    goo.gl/GCv5O
    E-mail: info@tootukassa.ee

    Services for starting companies

    Grants : The Fund provides financial backing to unemployed persons who form new enterprises, through a business start-up subsidy (up to 4474 euros).

  • Garage 48 Services

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    Garage 48

    Garage 48

    Garage48 was started in Estonia in spring 2010 by 6 active entrepreneurs from Estonian Startup Leaders Club, a networking organization of 35 Estonian startup co-founders. Garage48 event series started in Estonia in April 2010 and has quickly grown outside of Estonia to Northern Europe and Africa.

     

    www.garage48.org
    E-mail: info@garage48.org

    Services for starting companies

    Today Garage48 Foundation organizes Garage48 events for starting companies

    Services for growing companies

    Garage48 HUB, an affordable co-working space in central Tallinn, Estonia.

  • Business Incubator Eagle Nest Services

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    Business Incubator Eagle Nest

    Eagle Nests' mission is to enhance the emergence of sustainable and innovative companies in Narva and the North-East region of Estonia.
     

    www.eaglenest.ee
    E-mail: info@eaglenest.ee

    Services for starting companies

    For starting companies Eagle Nest offers consulting, seminars and training.

    Services for growing companies

    Business services and low-priced working space.

  • Tartu Centre for Creative Industries Services

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    Tartu Centre for Creative Industries

    Tartu Centre for Creative Industries

    Tartu Centre for Creative Industries operates as the coordinator of creative industries in Tartu and South Estonia by providing creative industries related information and training, legal and economic consulting for creative entrepreneurs, as well as business incubation (and pre-incubation) services.

     

    www.lmk.ee/eng
    E-mail: info@lmk.ee

    Services for starting companies

    Pre-incubation services: Business plan course, individual consulting.

    Services for growing companies

    Incubation: Infrastructure and business support services.

  • Viljandi Creative Industries Incubator Services

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    Viljandi Creative Industries Incubator

    Viljandi Creative Industries Incubator

    The Viljandi Creative Incubators Foundation helps creative crafts people, groups and organizations to get their business project off the ground with a two-year residency or virtual program that incubates qualified applicants, providing them workspace with the guidance, knowledge about resources and networking for successful launching.
     

    www.loomeinkubaator.ee/eng
    E-mail: info@loomeinkubaator.ee

    Services for starting companies

    Pre-incubation and incubation services: Business plan and individual consulting.

    Services for growing companies

    Infrastructure and business support services.
  • ESA (Business Support and Credit Management Foundation) Services

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    ESA (Business Support and Credit Management Foundation)

    ESA (Business Support and Credit Management Foundation)

    • Kopli Business Incubator - targeting mostly Põhja-Tallinn (Northern Tallinn) district SME-s
    • Ülemiste Business Incubator - for technology-based service providers and innovative start-ups
    • Tallinn Creative Incubator - for creative industries entrepreneurs
     

    www.esa.ee/eng/avaleht
    E-mail: info@esa.ee

    Services for starting companies

    Start-up services: business idea evaluation, business model analysis, business plan formulation, basic entrepreneurship training.

    Services for growing companies

    Development services: business consulting, strategy creation and implementation, training programs, access to financing resources, grant and loan application support, technology commercialization, networking and links to strategic partners

  • Connect Estonia Services

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    Connect Estonia

    Connect Estonia

    Connect Estonia is a private initiative-based support network for growth business founded in 2002, linking entrepreneurs, investors, business professionals, consultants and industry professionals, helping to ambitious companies grow and to realise new business ideas.

    Connect Estonia is part of pan-European network and cooperates with other Connect organizations in other countries.

     

    www.connectestonia.net
    E-mail: info@connectestonia.net

    Services for starting companies

    Connect Estonia Springboard Programme

    Services for growing companies

    Connect Estonia Springboard Programme

  • Seed Forum InvestmentsServices

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    Seed Forum

    Seed Forum

    Seed Forum International Foundation is a not-for-profit foundation working out of London. The mission of Seed Forum is to create a global investor matchmaking market place for seed and venture capital without national or regional borders. 

     

    www.seedforum.org
    E-mail: rando@seedforum.org

    Services for starting companies

    Seed Forum Pitch Training

    The  pitch training camp is obligatory for all companies which has been selected and has confirmed to participate in the Seed Forum Process. The pitch training includes a 1,5 days intensive program focusing on investor readiness.  

    Services for growing companies

    Seed Forum

  • MTVP Investments

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    MTVP

    MTVP

    MTVP is a private equity partnership focusing exclusively on technology, media and telecom ('TMT') related investment opportunities in Russia, Baltic States and other Central and Eastern European countries. The fund aims to benefit from the unexploited hi-tech potential and overall fast economic growth in the region relying on the unique industrial and financial expertise of its founders.

     

    www.martinsontrigon.com/
    E-mail: mtvp@mtvp.eu

    Services for starting companies

    They provide start-up to growth capital to companies targeting local markets as well as those with global ambitions having their roots in the region.

    Services for growing companies

  • Astrec Invest Investments

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    Astrec Invest

    Astrec Invest

    Astrec Invest’s mission is being a value added investor in early stage technology and life sciences businesses with experienced professional management and capability to grow profitably.

     

    www.astrecinvest.com/
    E-mail: astrec@astrec.com

    Services for starting companies

    Services for growing companies

    Provides start-up to growth capital to companies targeting local markets as well as those with global ambitions having their roots from Baltic region.

  • GameFounders InvestmentsServices

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    GameFounders

    GameFounders

    GameFounders is the first gaming startup accelerator in Europe.

    We accelerate startups that include result- oriented team of executioners from all countries, who build games, gamified apps, platforms, tools or other game related products.

     

    www.gamefounders.com
    E-mail: info@gamefounders.com

    Services for starting companies

    We offer 3 months of intense development with 60+ gaming gurus, CEOs and developers as mentors, seed capital, game-targeted partnership deals, access to networks of gaming contacts and access to gaming investment funds, VCs and angels.

    Services for growing companies

    We offer 3 months of intense development with 60+ gaming gurus, CEOs and developers as mentors, seed capital, game-targeted partnership deals, access to networks of gaming contacts and access to gaming investment funds, VCs and angels.

  • Startup Wise Guys InvestmentsServices

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    Startup Wise Guys

    Startup Wise Guys

    Wise Guys is an accelerator for early stage startups with passion, founders and a vision - Want, Imagine, Succeed, Expand.

    There will be blood, there will be tears - tons of mentors pushing out the most of you that you didn't even know was there. The team is most important, as well as each individual giving their max.

     

    www.startupwiseguys.com
    E-mail: info@startupwiseguys.com

    Services for starting companies

    Startup Wise Guys program:

    Shape

    Get your businessplan in place. With the help of mentors, trainings workshops, brain picking your initial business plan will be revised by you. Think of the details, keep yourself focused, know your target, plan your product.

    Build

    Development of your product is the main focus during the program. Communicate with your possible customers, show the product, build fast, and get feedback to know if you are on the right track.

    Sell

    Startup Wise Guys program ends with a Demo Day for investors - in Tallinn and in London. Each team presents their business proposition for angel investors and venture capitalists.

    Services for growing companies

    Startup Wise Guys program:

    Shape

    Get your businessplan in place. With the help of mentors, trainings workshops, brain picking your initial business plan will be revised by you. Think of the details, keep yourself focused, know your target, plan your product.

    Build

    Development of your product is the main focus during the program. Communicate with your possible customers, show the product, build fast, and get feedback to know if you are on the right track.

    Sell

    Startup Wise Guys program ends with a Demo Day for investors - in Tallinn and in London. Each team presents their business proposition for angel investors and venture capitalists.
  • Prototron Investments

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    Prototron

    Prototron

    Prototype fund called “Prototron” was launched by Tallinn Science Park Tehnopol, Swedbank and Tallinn University of Technology.

    The aim of the fund is to finance the development of first products – prototypes. Swedbank will financing fund of Prototron is 120 000 euros for the first three years. 

     

    www.tehnopol.ee/et/startup/prototron

    Services for starting companies

    Financing  can be applied by startup companies or private persons and the ideas have to be in electronics, mechatronics, information and communication technology field.

    Services for growing companies

    Financing  can be applied by startup companies or private persons and the ideas have to be in electronics, mechatronics, information and communication technology field.

  • WNB project Investments

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    WNB project

    WNB Project is an active private equity and venture capital firm
    that specializes in investments in early-stage companies with
    strong management team and growth potential. Additionally they
    provide investment management services for private and
    corporate investors.

     

    www.wnb.ee
    E-mail: wnb@wnb.ee

    Services for starting companies

    • 3-5 year investment period, up to 1m EUR
    • provides advice on strategy
    • other related services

    Services for growing companies

    • 3-5 year investment period, up to 1m EUR
    • provides advice on strategy
    • other related services
  • Startup Leaders Club Services

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    Startup Leaders Club

    Estonian startup leaders club was formed in January 2009.

     

    www.startupleadersclub.com
    E-mail: info@startupleadersclub.com

    Services for starting companies

    • Business networking and meeting new experienced people (guest speakers)

    Services for growing companies

    • Share experiences and best practices on managing early-stage startups
    • Promote entrepreneurship in Estonia and grow the community of startup founders
    • Speak out on behalf of startups to improve government support programs, business law and other policies affecting entrepreneurs and startups
  • Tartu Biotechnology Park  Services

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    Tartu Biotechnology Park 

    Tartu Biotechnology Park 

    Tartu Biotechnology Park (TBP) provides physical infrastructure as well as business development and consultancy services to companies and R&D institutions in the fields of biotechnology, medicine and veterinary medicine. It supports companies in finding cooperation partners and is active in the establishment process of new companies.
     

    www.biopark.ee/en/
    E-mail: biopark@biopark.ee

    Services for starting companies

    Pre-incubation and incubation services: Business plan and individual consulting

    Services for growing companies

    High quality infrastructure services as well as business development and consultancy services.

  • Tartu Science Park Services

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    Tartu Science Park

    Tartu Science Park

    Tartu Science Park is the oldest Science Park in Baltics founded in 1992. Tartu Science Park has an incubator for technology based startups.

     

    www.teaduspark.ee/en
    E-mail: info@sciencepark.ee

    Services for starting companies

    Pre-incubation and incubation for technology based startups, events and seminars

    Services for growing companies

    Suitable infrastructure for startup companies. Prototyping services.

  • Tallinn Science Park Tehnopol Services

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    Tallinn Science Park Tehnopol

    Tallinn Science Park Tehnopol

    Tehnopol is a science and business environment for knowledge based companies. Today there are 150 companies, Tallinn University of Technology and IT College in Tehnopol.

     

    www.tehnopol.ee/en
    E-mail: info@tehnopol.ee

    Services for starting companies

    Tehnopol has the largest business incubator in Estonia for technology based start-ups. Business incubator is the best environment to grow your start-up idea with best business coaches in start-up minded business environment. 

    Services for growing companies

    Tehnopol provides a unique set of value adding business development services, convenient infrastructure and international cooperation opportunities for companies.

  • Enterprise Estonia InvestmentsServices

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    Enterprise Estonia

    Enterprise Estonia

    Enterprise Estonia (EAS) promotes business and regional development in Estonia. Enterprise Estonia is one of the largest institutions within the national support system for entrepreneurship, providing financial assistance, advisory, cooperation opportunities and training for entrepreneurs, research establishments, public and third sector.

     

    www.eas.ee/eng
    E-mail: eas@eas.ee

    Services for starting companies

    Trainings and advisory

    Grants

    • Start-up and development grant for the starting entrepreneur for the investments related to the starting and development of the company.
    • Innovation voucher grant for increasing competitiveness of Estonian SMEs through transfer of knowledge and technology, expansion of cooperation with R&D institutions and increase of capability of protection of intellectual property.

    Services for growing companies

    • Development of the company
      The sector of development of the company involves several direct supports like technology investments of industrial entrepreneurs and development of creative industry as well as information programes.
    • Export
      To provide any assistance in promoting export.
    • Trade and Investment
      Trade and investment activities are for the companies who are able to take its sales activities abroad and/or apply new technological solutions or develop new products meant for the international market.
    • Innovation
      The activities to be carried out in the sector of innovation fulfil the objective to increase the product development and technological capability of companies, but also the capability of research and development establishments to provide the commercialisable solutions.
  • Technopolis Ülemiste Services

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    Technopolis Ülemiste

    Technopolis Ülemiste

    Technopolis Ülemiste is a new and modern business campus for innovative enterprises. Technopolis Ülemiste offers for the startup companies suitable premises, matchmaking event series Technopolis Business Breakfast and Money Talks events which bring together growth-seeking startups with international financiers, business angels and venture capital investors.

     

    www.technopolis.ee/en
    E-mail: info@technopolis.ee

    Services for starting companies

    Matchmaking event series Technopolis Business Breakfast. Start Smart! event series in corporation with project partners. 

    Services for growing companies

    Money Talks events which bring together growth-seeking startups with international financiers, business angels and venture capital investors. Suitable premises for the startup companies.

  • Kredex InvestmentsServices

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    Kredex

    Kredex

    The mission of KredEx is to facilitate the increase of competitive strength of Estonian companies by improving the availability of financing and managing credit risks, and the improvement of the housing conditions of Estonian inhabitants by expanding financing possibilities and offering financing solutions aimed at energy efficiency.

     

    www.kredex.ee/en/
    E-mail: kredex@kredex.ee

    Services for starting companies

    Start-up loan

    With the Start-up Loan with KredEx guarantee it is possible to finance the investments and circulating capital of starting small and medium-sized enterprises and self-employed entrepreneurs, as well as of those having operated for up to 3 years. To manage larger risks connected with starting of entrepreneurship, the liability of an entrepreneur by personal property is limited with the terms of the Start-up Loan.

    Read more

    Services for growing companies

    • Technology loan
    • Business loan guarantee
    • Subordinated loan
    • Credit insurance

    Read more

  • EstBAN Investments

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    EstBAN

    Estonian Business Angels Network

     

    www.estban.ee
    E-mail: info@estban.ee

    Services for starting companies

    Private investments

    Services for growing companies

    Private investments

  • Estonian Development Fund InvestmentsServices

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    Estonian Development Fund

    Estonian Development Fund

    Estonian Development Fund is a state-financed venture capital fund investing into Estonian companies with a sustainable unique competitive edge and rapid expansion plans. EDF is also engaged in activities of developing Estonian VC market in general and carries out socio-economic and technological foresight.

     

    www.arengufond.ee/eng
    E-mail: info@arengufond.ee

    Services for starting companies

    Seed Booster

    SeedBooster is Development Fund's virtual business incubator for unleashing international potential of ambitious business projects and getting them ready for venture capital financing.

    Read more

    Services for growing companies

    Development Fund invests together with private co-investor into ambitious companies with a scalable technology/business model and international growth potential. Development Fund usually invests into go-to-market phase.

    Read more

  • Ambient Sound Investments InvestmentsServices

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    Ambient Sound Investments

    Ambient Sound Investments

    ASI is a seed investment company, investing in people and ideas in technology and across the industry spectrum. ASI team is made up of founding engineers at Skype and professionals with tech, operational and finance backgrounds. ASI is funding early stage companies which are typically looking to raise Seed or A-round investments.

     

    www.asi.ee
    E-mail: info@asi.ee

    Services for starting companies

    ASI is funding and consulting early stage companies which are typically looking to raise Seed or A-round investments.

    Services for growing companies

    ASI is funding and consulting early stage companies which are typically looking to raise Seed or A-round investments.

  • Askembla Asset Management Investments

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    Askembla Asset Management

    Askembla Asset Management

    Askembla Asset Management is a private equity firm focusing on investments in growth companies in Central and Eastern Europe.

     

    www.askembla.se/
    E-mail: hr@askembla.se 

    Services for growing companies

    Provides equity capital.

  • LS Venture InvestmentsServices

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    LS Venture

    LS Venture

    In April 2008, an innovation capitalist company LSVenture OÜ started its activities in Estonia. The company focus was support of the inventors in the life-science area in the Nordics with the commercialization of their technologies. Since then, the company has developed and refined the proprietary methodologies and developed vital contacts within the inventor- and investor communities as well as within the industry.

     

    www.lsventure.com
    E-mail: info@lsventure.com

    Services for starting companies

    Business plan and individual consulting.

    Services for growing companies

    Business development, funds and consultancy services.

  • EstVCA InvestmentsServices

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    EstVCA

    EstVCA

    The Estonian Private Equity and Venture Capital Association’s goal is to develop the Estonian private equity and and venture capital industry and to promote the culture of ambitious entrepreneurship in Estonia. EstVCA has 18 members and 22 associate members.

     

    www.estvca.ee
    E-mail: info@estvca.ee

    Services for growing companies

    Venture capital

    EstVCa brings together Estonian VC-s and potential high growth companies.

    Read more

  • Essentia Capital InvestmentsServices

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    Essentia Capital

    Essentia Capital

    Essentia Capital is a Baltic financial advisory company poised to make capital and enterprises meet.
    Essentia performs corporate finance and financial advisory tasks for Baltic companies helping them to improve their financial management and raise additional debt and equity capital from Investors.

     

    www.essentiacapital.com/
    E-mail: contact@essentiacapital.com

    Services for growing companies

    Corporate finance and financial advisory, mezzanine capital.

  • LHV Capital Investments

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    LHV Capital

    LHV Capital

    LHV Capital is a private equity investment management company focusing on the Baltic States. Investment focus on medium-sized firms with the potential to develop operations in all three countries, either organically or through acquisitions. 

     

    www.lhvcapital.com
    E-mail: info@lhvcapital.com

    Services for growing companies

    Private equity investments, consulting.

  • Baltcap Management Ltd Investments

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    Baltcap Management Ltd

    Baltcap Management Ltd

    BaltCap is the leading independent private equity and venture capital investor in the Baltic States focusing on mid-market buyout and expansion capital investments.

     

    www.baltcap.com/
    E-mail: www.baltcap.com/en/contact

    Services for growing companies

    BaltCap provides equity capital for growth-oriented Baltic companies.

  • Caplia Invest Investments

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    Caplia Invest

    Caplia Invest

    Caplia is private investment company based in Tallinn, Estonia.
    Caplia Invests' portfolio is not limited to any specific sector or region. Many of their investments are in high-tech or new innovative thinking.

     

    www.caplia.eu/index.html
    E-mail: www.caplia.eu/contact.html

    Services for growing companies

    Invests equity capital.
  • Baltic Mezzanine Investments

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    Baltic Mezzanine

    Baltic Mezzanine

    Baltic Mezzanine provides mezzanine financing for growth, buyouts and capital restructuring in Poland and in the Baltic countries.

     

    www.balticmezzanine.com/
    E-mail: kalmer.kikas@balticmezzanine.com

    Services for growing companies

    The Baltic Mezzanine Fund targets to make mezzanine investments typically in the following situations:
    * Growth capital
    * Buyouts and buyins
    * Capital restructuring

  • Redgate Capital InvestmentsServices

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    Redgate Capital

    Redgate Capital

    Redgate Capital is a new asset management and investment banking services group, established with a clear focus on Baltic, Russian and CIS countries.
    Redgate, with its experienced team and cooperative partners, offers top class financial advisory services in the Baltic region and highly professional and prudent asset management services to clients investing in Russia, the CIS and Baltic areas.

     

    www.redgatecapital.eu
    E-mail: redgate@redgatecapital.eu

    Services for growing companies

    • Asset Management
    • Alternative Investments
    • Financial Advisory
  • Practica Capital Investments

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    Practica Capital

    Practica Capital

    Practica Capital manages seed and venture capital funds established under JEREMIE initiative. The funds invest in early-stage development of high-potential business ideas (seed, startup) and expansion of established businesses in Lithuania.

     

    www.practica.lt/en
    E-mail: info@practica.lt

    Services for growing companies

    Investments for early business and expansion range from EUR 3 000 to 3 mln.

  • Hanseatic Capital Estonia InvestmentsServices

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    Hanseatic Capital Estonia

    Hanseatic Capital Estonia

    Hanseatic Capital Estonia is a private equity and venture capital investment company, specializing in investments in late stage, middle market, mature, mezzanine, management buy-out, management buy-in, growth capital, and capital restructuring.

     

    www.hanseaticcapital.net/
    E-mail: arcoinfo@arcocapital.com

    Services for growing companies

    Invests in growth oriented SMEs between €1-5m.