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Top investment news from Estonia

Estonia lives in a digital society. The state is almost invisible and 99% of public services are available online, from paying taxes to checking health records and prescriptions, to even voting in elections online. It gives Estonian residents a huge amount of time to found startups, invent new solutions, think green, build unicorns, and be happy.

Unicorn59 summarized: Estonia does not only talk about a digital society – we live it!

In June, a startup event Unicorn59 was organized to introduce awesome Estonian startups that are on their way to conquering the world.

“Our public sector itself is a tech-savvy and demanding customer to our innovative startups – we just don’t talk about a digital society, we LIVE it,” Prime Minister Kaja Kallas stated on her welcome speech at Unicorn59 startup pitching event.

“We are eager to make relevant changes happen quickly. This makes Estonia a perfect testing ground for innovative solutions. As a small country we value flexibility and diversity and therefore we welco me foreign investors and talent in Estonia – together we can build a better future for everyone,” Kallas added.

200 female-founded startups are ready to conquer the world from Estonia

Estonia is currently one of a few countries in the world that has both, a female head of state and a female prime minister. And there are 196 startups founded in Estonia have at least one female founder.

According to Startup Estonia and Statistics Estonia, there are 2,983 women working in the Estonian startup sector, which is about 36% of all startup employees, Startup Estonia is currently creating a plan to help diversify Estonia’s startup scene further, one of the objectives being raising the number of women among startup founders.

Hydrogen-fuelled self-driving buses, autonomous fire brigades and internet of drones will be the future solutions for Estonia’s cities

Hydrogen-fuelled self-driving buses, autonomous fire brigades and an extensive online network of drones are just some of the solutions that will describe the city-scape of future Estonia, according to Estonia’s Minister of Entrepreneurship and Information Technology, Andres Sutt.

These will supplement already existing solutions, such as smart crossroads, smart street lighting and solar pavements – and Estonia’s numerous, often invisible, e-services that create the needed background for the next smart city revolution.

Featured in Forbes: Invest Estonia’s innovative chatbot Suve

Forbes published an article on how companies are able to keep artificial intelligence in their digital transformation plans, featuring the Estonian Investment Agency’s innovative chatbot Suve.

“Even as it begins to look more promising that the pandemic will one day be behind us, we continue to move toward digital acceleration,” David Moise wrote on Forbes. “We already knew that the companies that invested more in IT have a competitive edge and the pandemic doubled down on that concept.” In his article, Moise brought several examples of innovative use of artificial intelligence, including Invest Estonia’s chatbot Suve, that helped fight the burden on emergency hotlines during the COVID-19 related emergency situation in Estonia and has now transformed into a chatbot advising businesses and foreign talent interested in Estonia.

Want to enjoy the benefits of digital society and invest in Estonia? Just book a meeting with one of our advisors via e-Consulting and get started!

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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.

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