‘Unicorn factory’ Estonia makes its move on deep tech
The country is eyeing greater collaboration with the Singapore startup ecosystem.
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Sharanya Pillai
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VIDEO-call service Skype and money-transfer platform Wise are among the well-known tech giants to have emerged from Estonia, the small European nation that has punched above its weight on the global tech stage.
Having produced 10 unicorns – companies valued above US$1 billion – mainly in the services sector, Estonia now wants to nurture more “deep-tech” startups in research-intensive fields such as agritech, cybersecurity and autonomous vehicles.
Challenging economic conditions and the Russia-Ukraine crisis have hit startup funding. In this climate, Enterprise Estonia, the government agency tasked with spurring business development, is doubling down on financial support for deep-tech startups.
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