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Not just Skype: Estonia as a Start-Up Country
Lecture 4 of course ‘The innovative Estonia’
Arko Olesk
Tallinn University/Postimees
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•Most start-ups per capita (?)
•$65 million of investments in first six months of 2015

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•Skype – the ‘Estonian Nokia’
•A team of Estonian coders
•Kazaa – P2P file sharing
•Skype – 2003
•Sold to eBay in 2005 ($2.6 bn) •Acquired by Microsoft in 2011 for $8.5 bn

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•TransferWise
•money transfer service
•2011
•Unicorn
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•Successful exits
•Modesat
•FitsMe - Virtual Fitting Room •GrabCad – collaborative working tool for engineers, ca $100 M
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•Projects
•Fortumo – mobile payments
•Pocopay – mobile banking
•GuardTime – cyber-security provider
•Signwise – eSignature and authentication
•ZeroTurnaround – Java development tools
•Erply – online point-of-sale and retail software system

http://hub.garage48.org/estonian-startups

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•More projects
•Click & Grow
Starship – local delivery robot

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•Sharemind
•Allows computing encrypted data

https://vimeo.com/63275377

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•Even more projects
•Lingvist – language learning
•Tsolutions – bus tickets
•Jobbatical - connecting talent to employers for short term gigs
•Fleep – business messenger
•VitalFields – farm management software
•Planet OS – big data managements
•Skeleton - supercapacitors
•Taxify – taxi sevice
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http://www.eu-startups.com/2016/03/10-estonian-startups-to-look-out-for-in-2016/#more-14475

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•Support structure
•Incubators and startup accelerators
•Angel investors
•Garage48 – startup hackathlon
–MSQRD (€100 M Facebook deal)
•Ajujaht – prime-time TV show, competition of business ideas

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