Startup Estonia program

SUPPORT MECHANISM:

Startup Estonia focuses on creating a cohesive startup ecosystem. Instead of providing direct financial support to startups we are help partners establish high quality services for startups and address our startups through them. In more detail, Startup Estonia aims at 4 core topics: ecosystem development; improving startup skills (dedicated training programs for startups, but also improving startup-education in universities); regulations (cutting the red tape); and smart money (launching accelerator funds and supporting the growth of angel investor community).

IMPLEMENTING AGENCIES:

Startup Estonia program is approved by the Ministry of Economic Affairs and has been implemented thus far by 2 different public organizations. From 2011-2014 by Enterprise Estonia and as of 2014 by Estonian Development Fund. 

MONITORING + EVALUATION METHODS

Startup Estonia seeks to boost the Estonian Startup Ecosystem so that by year 2020 there would be tech 1000 startup in Estonia. 

We gather customer feedback of each activity we initiate. We also track how startups that have been part of our trainings perform later on (e.g. raise investments, create jobs).

 

RESULTS:

With the help of Startup Estonia 3 niche accelerators have been launched, including the first online gaming accelerator in Europe – Gamefounders.

CHALLENGES + LESSONS TO DATE:

We have learned that it is very important to be in contact with the start ups and the ministries, bringing both sides around the table to discuss problems and possible solutions. 

NOTES + ADDITIONAL CONTEXT:

Startup Estonia focuses on creating a cohesive startup ecosystem. Instead of providing direct financial support to startups we are help partners establish high quality services for startups and address our startups through them. In more detail, Startup Estonia aims at 4 core topics: ecosystem development; improving startup skills (dedicated training programs for startups, but also improving startup-education in universities); regulations (cutting the red tape); and smart money (launching accelerator funds and supporting the growth of angel investor community).

Startup Estonia is financed from European Regional Development Fund.

Partners include business incubators, accelerators, startups hubs, coaches, mentors etc. Startup Estonia is in continuous contact with them and cooperate through different projects. We actively reach out to startup founders to share insight with us, where our ecosystem needs a push and government intervention.

 

CURATED BY

Startup Estonia
Estonia
Startup Estonia
Estonia
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