Established in year 2000 Enterprise Estonia today is the key governmental agency in Estonia for promoting business model development and innovation acceleration, trade development, raising foreign direct investments, attracting foreign talent and developing tourism. With offices in 17 foreign markets, Enterprise Estonia serves as a bridge between the Estonian business environment and the world. In 2022 Enterprise Estonia was merged with national agency Kredex, providing loans and guarantees to companies and private individuals.
Mission
Our mission, is building a successful Estonia.
One of the biggest challenges for the Estonian economy is to move from among countries with average added value towards countries with high added value. To this end, Estonian enterprises need to develop more sophisticated products, provide more expensive services, and expand their operations in foreign markets. Therefore, Enterprise Estonia is addressing two major market failures, which are limited product development of enterprises and concentrated exports to a few specific markets. Exporting enterprises serve as the main basis of the Estonian economy, as exports account for 80% of the total output thereof.
Our branch- Estonian Investment Agency- is primarily focused on attracting development centres, highly automated industry, and smart capital to Estonia. The aim is to seek more foreign investments in Estonian rural areas in order to revitalise Estonian life as evenly as possible.
The tourism sector accounts for nearly 8% of Estonia’s GDP. To ensure the quality and competitiveness of Estonia as a tourist destination, it is important to ensure the comprehensive development of the sector. For this purpose, Enterprise Estonia is engaged in the development and introduction of Estonian tourism products to foreign tour operators, as well as the training of Estonian tourism enterprises. It is also important to promote Estonia as an attractive holiday destination through campaigns and the website of Visit Estonia.
We offer grants, loans, venture capital, credit insurance and guarantees to companies to support their rapid development and safe expansion into foreign markets.
We support private individuals in improving their living conditions: we offer guarantees for purchasing homes and also loans, guarantees and subsidies to increase the energy efficiency of homes. We have helped more than 105,000 families build or renovate their homes.
Both the development of entrepreneurship and the increase of energy efficiency play an important role in the implementation of the green, digital and innovation transition.
We are also participating in developing Estonian startup ecosystem, with the aim of increasing the number of success stories in technology sector.
Budget
€559 m in 2024.
Activities
Enterprise Estonia performs its mission by assisting companies with training, consultation and funding in the following areas:
* business model development and innovation acceleration
* trade development
* raising foreign direct investments
* attracting foreign talent
* developing tourism
* developing startup ecosystem
* increasing the energy efficiency of homes and businesses.
Staff
350+
Contact
Tiiu Treier
Innovation funding
Enterprise Estonia
Sepise 7
11415 Tallinn
Estonia
E-mail: Tiiu.Treier@eas.ee