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Invest Estonia nominated at Emerging Europe Awards for the Policymaking Initiative of the Year

Invest Estonia and its novel ComparEST tool are nominated in the Modern and Future-proof Policymaking Initiative of the Year award by Emerging Europe for Invest Estonia’s innovative approach to facilitating foreign direct investments.

The Emerging Europe Awards, one of the region’s most acclaimed initiatives, are back for the sixth time. This year’s edition, which is part of the Future of Emerging Europe programme, recognises and celebrates the achievements of organisations, initiatives, and individuals who made outstanding contributions to the region’s future in 2022.

With the final vote set to be announced on June 9th, the shortlist has been revealed across 16 categories, ranging from education to female leadership.

Comparing with the best

Estonia is well-represented with two exciting projects. Among the nominees for the Modern and Future-proof Policymaking Initiative of the Year, which showcases initiatives that use cutting-edge technology to support foreign direct investors, is Invest Estonia and our ComparEST service.

ComparEST is an online tool that enables potential foreign investors to compare Estonia with other countries based on a range of factors, such as the business environment, labour market, and living conditions. This tool enables foreign investors to efficiently evaluate Estonia’s potential as an investment location and make comparisons with other countries that might be of interest. It helps to streamline the investment process and make it more efficient, which is essential in today’s fast-paced business world. No wonder foreign direct investments in Estonia hit an all-time high mark in 2022, as Invest Estonia helped bring €351M worth of FDI into the country’s economy.

“Automation is the way how we work at Invest Estonia. By harnessing the power of automated data collection and measurement, our team is able to dedicate more time to delivering a truly personalised and high-quality experience. I’m extremely thankful to have Kata Varblane and Andero Kaha as the principal architects of all the automation within Invest Estonia. I want to express my appreciation to all members of our team for their support and understanding towards our robotic colleagues,” says Joonas Vänto, Head of Invest Estonia.

Invest Estonia’s nomination for the Modern and Future-proof Policymaking Initiative of the Year award is a testament to the organisation’s commitment to innovation and technology. Still, there’s tough competition for the winning spot. Other nominees in this category include Diia from Ukraine, as well as the LT 5G Sandbox by the Ministry of Transport and Communications of Lithuania.

Previously, Invest Estonia has been included in IRCAI’s (The International Research Centre in Artificial Intelligence under the auspices of UNESCO) list of 100 most promising artificial intelligence-related solutions for the benefit of humanity. We have also been awarded the United Nations Investment Promotion Award as, according to the U.N, the agency has shown readiness, innovation and excellence in supporting the evolving needs of investors during the COVID-19 crisis.

In addition to Invest Estonia’s nomination, another Estonian project that made it to the shortlist is the Vivita, Creativity Accelerator for Children and Youth. It has been nominated in the Youth Empowerment section for its commitment to teaching children to imagine and create. Located in the famous Telliskivi creative district, it helps kids learn new skills through self-directed experimentation and participation in real-life projects, such as coding or modelling.

Cast your vote

If you want to show your support for Estonian projects picked by Emerging Europe Awards, be sure to cast your vote for them when the final vote is announced on June 9th.

Your vote can help to recognise the outstanding contributions these initiatives have made to the future of our region and encourage more investment in technology, innovation, and empowerment.

Considering investing in Estonia? Fill out our e-Consulting form, and one of our investment advisors will get in touch soon.

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