25/04/2015 17:24
Baltic temperature
Winners and losers
Turnover TOP
Exchange rates
Leedu litt3.4528 +0.00%
USD1.0824 +0.48%
SEK9.3816 +0.03%
LVL0.7028 +0.04%
Databases of Estonian companies
Text size AAA Print

Estonia needs to focus on developing smart businesses

That's the target for all countries... nothing special. Reply to the comment answer
~Lexxus [07.01.2013, 15:38]
rate it
Reply to the comment
But it's impossible to achieve under the right wing government. Reply to the comment answer
~yo [07.01.2013, 17:18]
rate it
Reply to the comment
Yes, water is wet. There is nothing profound here much less interesting. A quality educated work force that is efficient and produces something. Not sure what the point of the article is besides pointing out the obvious. Reply to the comment answer
~Exactly [07.01.2013, 19:28]
rate it
Reply to the comment
I'm not sure that the government has any priority on developing any kind of business, so calling out for higher or lower priority is meaningless. Calling to the Estonian Nouveau Riches is meaningless as well, the low hanging fruits were picked up, smart business needs serious investments and time to grow up. Does Estonia have enough smart business entrepreneurs, with enough knowledge and financial background to become successful? What kind of support do they get from the state and from society? These are question, which must be asked and not just an obvious calling for smart businesses. Reply to the comment answer
~kloty [08.01.2013, 02:55]
..and what type of foreign investors could help them or how to attract them at all to invest into Estonia?
~knut albers [08.01.2013, 12:51]
Declaration of english and russian languages as official languages would be a good start. Klaus Dornemann described in his book, when he was told by an Estonian representative to learn Estonian first, before he creates business in Estonia.

Financial help or at least attractive credits and cheap infrastructure from the state for start-ups would help.

Relaxed immigration laws for foreign workers.

Best possible access to education (means free education), more investments in education.
~kloty [08.01.2013, 14:34]
Actually, the support for entrepreneurs has grown tremendously in the last 2 years. Now there are incubators and advisory centers, including: Start Smart, Tallinn Tehnopol, Garage48, Startup Wisegusy, Eesti Arengufond, Connect Estonia, Ajujaht, and 2-3 more I can't remember right now.

So one would think, with all this support, there would be many great startups as a result. Yet, we haven't quite seen that. There have been some (GrabCad, PipeDrive, TransferWise), all of which are now only loosely Estonian (they all moved their offices abroad), and weren't that closely involved with the incubators or help.

My theory is that in a country this small, it's hard to have a lot of "winners" in the startup area, because there just aren't enough talented people (lack of population). For most of these ideas, they are world-focused so a startup has to compete against startups doing the same thing but based in other countries. It's a difficult task.
~ameeriklane [08.01.2013, 16:33]
rate it
Reply to the comment
2ameeriklane: well, on one hand being a start-up in a small country means no competition and a resonable test-market. On the other hand lot of IT-ideas work only on large scale, and of course you're right that in large countries there are also start-ups working on similiar ideas. Another problem is definitely the lack of skilled working force. Maybe concentration on IT-startups is not the right one, because, sure it is cheap to setup a webservice, but as I stated before IT is all about interconnection and scaleability, so a certain amount of users is necessary to refinance the startup. Maybe startups in chemistry or alternative energy or biology would make more sense? It is more expensive, but even a small market can already show if the ideas are viable or not. Reply to the comment answer
~kloty [08.01.2013, 18:52]
rate it
Reply to the comment
Main news
Latest comments
It is also necessary, that Estonia gets fresh heads from outside, who can [...]
Do you need a loan to pay off your bill or in need of financial help with a loan [...]
What is this? Estonia doesn´t want to have a quota for refugees in the meaning [...]
It this time at least happens naturally. Genocide russians commited in the [...]
Are you an individual or business entrepreneur searching for risk capital, [...]
Are you an individual or business entrepreneur searching for risk capital, [...]
He's right about the demographic problem. Just last week, it was reported that [...]
It is comfortable to live on tax money (what else politicians get) and play [...]
The Estonian government seems to live like a paria on th costs of these, who [...]
Ayoo...!!Bergabung sekarang juga bersama Mentaripoker.com Agen poker online [...]
All news