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invest in estonia

Tallinn listed among Europe’s biggest startup hubs

While Estonia's capital Tallinn, a city with a population of about 450,000, is not among the 50 largest cities in Europe nor even the European Union, it is one of the biggest startup hubs of the whole region according to EU-Startups.

EU-Startups who compiled the list of 30 biggest European startup hubs, listed Tallinn as the 12th largest, calling it one of the biggest surprises of this year’s ranking.

“And here comes the second big surprise of this year’s startup ecosystem ranking,” their website stated. “While in previous years Tallinn wasn’t even part of the TOP 15, this year the capital of Estonia turned out to be the 12th biggest startup hub in Europe. One of the reasons for this success are probably innovative governmental initiatives like E-Residency, which enables digital entrepreneurs to start and manage an EU-based company online.”

Estonia is the first country to offer e-Residency, a government-issued digital ID available to anyone in the world. E-Residency offers the freedom to easily start and run a location-independent business online using the convenient digital business services of Estonia. It is also the country that has most unicorn startups per capita, sales force automation service provider PipeDrive being the latest addition to the list.

You can read more about opening a company using e-Residency here and Risk capital in Estonia here. If you need more information about investment opportunities in Estonia’s startups, you are welcome to contact us using our unique e-Consulting service.

In addition, be sure not to miss our Unicorn-building masterclass at Web Summit on December 4th, 2020.

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Need more information?

What is it like to run a business in Estonia? How to benefit from the e-solutions and the efficiency of our business culture? What are the opportunities in specific sectors? Who to partner up with?

The Estonian Investment Agency’s team is happy to help you via its complimentary e-Consulting service, organize online or offline follow-up events such as virtual investment visits and guide you through the fairly simple process of investing in Estonia.

Request e-consulting