Estonian Startup Programme - a gateway to Europe

Estonia has emerged as a prominent hub for startups, earning the moniker "Nordic Silicon Valley" due to its innovative environment and supportive infrastructure. With a population of approximately 1.3 million, Estonia boasts the highest number of unicorns per capita globally, including notable companies like Skype, Bolt, Wise, and Pipedrive. ​

Established under Enterprise Estonia, Startup Estonia is a governmental initiative aimed at fostering a robust startup ecosystem. 

Startup Visa Program: Attracting Global Talent

Launched in 2017, the Estonian Startup Visa program facilitates non-EU founders and employees to establish and work in Estonian startups. This initiative has attracted over 2,500 individuals within four years, contributing significantly to the diversity and growth of the local startup scene. It is possible to apply for a long-term visa or a residence permit for up to 5 years.

Thriving Startup Ecosystem

As of early 2023, Estonia hosts over 1,400 startups, with more than 100 new ventures registered in the Estonian Startup Database during 2022 and the first quarter of 2023. The country's compact size fosters a close-knit network, supported by tech incubators, accelerators, venture capital funds, and public initiatives, all contributing to a favorable business environment. ​

Global Recognition and Rankings

Estonia's startup ecosystem is recognized globally, ranking 14th in the Startup Blink’s Global Startup Ecosystem Index 2023 and 6th within the EU. Tallinn, the capital city, ranks among the top 60 cities worldwide for its startup ecosystem, reflecting the country's commitment to innovation and entrepreneurship. ​

Conclusion

Estonia's strategic initiatives, supportive governmental programs, and vibrant startup community have positioned it as a leading destination for entrepreneurs worldwide. The combination of a dynamic ecosystem, favorable policies, and a global mindset continues to drive the country's success in the startup arena.

If you would like to know more and have a great startup idea, please contact us at www.expatlegalestonia.com or info@expatlegalestonia.com