This presentation is a traditional update to the regions technology investors and entrepreneurs I do every 6 months or so with the aim to bring out the current status of the ecosystem and bring out the main challenge ahead to take us further.

1. Status of the Estonian
startup ecosystem
Raido Pikkar
05.03.2013

3. Still also supporting Tehnopol as well as:
key-coach
(strategy, ICT)

4. Having cleared that...

5. TOP 5
Startup news in Estonia

6. 1. Modesat sold to Xilinx
First succesful exit for the Development Fund

7. 2. Fortumo
10 MUSD round announced, led by Intel Capital

8. 3. Development Fund
Will stop investing directly and turn into a fund of funds
(kinf of the next fund of funds after the 100MUSD Baltic Innovation Fund)

9. 4. Accelerators
Startup Wise Guys 2nd batch started
GameFounders 2nd batch started
+
Accelerace Life discovery phase launch
(cross-border accelerator in health technologies)

10. 5. EstBAN !!!
Estonian Business Angels Network

11. So what are we missing?
What have been mentioned as issues?

13. !"#$
;"#51"<$
$
!.+1*-5+2$
%&'(")*+$ 0&."$1./)+2$ 3-*1*14#5+2$ 3-*&'(1$ %:#"+/5*+$
"+&$ !"-6.1$718$
","-.+.//$ %+1.-5+2$
Based on notes from Pirko Konsa, Tehnopol Foundation
9"-6.1$

14. But what is the real big next problem
for our ecosystem ?

15. It‘s focus and being smart about it !
Compulsory reading for all of us:
„Nutikas spetsialiseerumine“
Kristjan Lepik

16. What direction to choose ?
EstBAN – my hopes lie with you
1.Let’s take a closer look at the universities (students) + scientists (patents)
2. Let’s take the DF support money amplification that I’m sure will be set up
3. And then start actively steering also the government R&D funding
All of this will give us pipeline in 3 to 5 years, but that’s the edge we need

17. Please contact me for extra info
Thanks!
Raido Pikkar
raido.pikkar@tehnopol.ee