- Estonia has a strong tech startup ecosystem, ranking highly in measures of economic freedom, entrepreneurship, digital economy, and internet freedom. - It has produced billion-dollar startups like Skype and Transferwise, and has one of the highest rates of startups per capita in Europe. - Factors contributing to its success include its e-government initiatives, simple tax system, supportive government policies, educated workforce, and active startup community and programs like Startup Estonia and the Estonian Development Fund. - The government aims to help create 1000 startups in Estonia by 2020.

2. Party Facts
• 7th in Economic Freedom (Heritage)
• 1st in Entrepreneurship (World Economic Forum)
• 1st in European Comission in EU Digital Economy and Society, Services
• 1st in internet freedom (Freedom House)
• 12th in Doing Business Index
• In Estonia in 2016 74 million euros was invested in VC, in Ukraine 71M
• E-residency and Startup Visas
• Most startaps per capita in Europe

3. #EstonianMafia
Sold for 100+MUSD, over
4 million engineers joined.
250 million Drag
Racing downloads
Uber considers as main
Competirot in Europe.
1+billion valuation,
Investors Richard Branson,
Mark Levin etc.

4. 6 Reasons Why Estonia is a Tech Startup
Paradise
• The community
• Good economic environment
• E-Estonia
• President likes technology
• The right mindset
• Active and educated people
Source: Startup WiseGuys

5. 10 reasons to start up in Estonia
• Perfect pilot platform
• Tech gurus from day one (robotics in kindergarden, bitcoins in school)
• E-government
• Most simple tax system
• Government supports innovation
• Life quality is high but prices not
• Biggest forests and cleanest air
• English and Russian skills
• Easy access to fundraising
• Ecosystem #estonianmafia

6. Timeline of ecosystem
2007
Estonian
Development
Fund founded
1998
X-road
2012
Startup
WiseGuys
founded
ESTBan
Founded
2003
Skype
founded
2005
Skype sold to
eBay by 2,6B
2012
Transferwise
founded
2013-2014
Transferwise
financed by
Branson and
Thiel
Startup Visas
2017

7. Stages and programs
Source: Startup Estonia

8. Powered by:
Source: Startup Estonia

9. Startup Estonia
• Founded in by government.
• Main directions:
• Strengthening community and ecosystem
• Carrying on training programs
• Educating and attracting the investors incl accelerators and smart money
• Working on eliminating regulative issues and implementing friendly regulations
• To help to create 1000 startups in Estonia by 2020 (now 450)
• Catalogue of ecosystem participants: http://startupestonia.ee/startup-ecosystem

10. Estonian Devlopment Fund
• Founded in by government in 2007
• Now in liquidation as goals were achieved
• Spin-offs are Startup Estonia, SmartCap, Green economy
• Made over 20 investments with
• GrabCAD, SmartPost (Cleveron), Modesat, Fits.me etc
• Estonian Development Fund is a state-run public institution, the aim
of which is to support the development of the Estonian economy. To
achieve this, it invests into innovative Estonian companies and
support the birth of such companies.