The companies Estonia is looking for
Estonia is a hub for global industrial, supply chain and business services activities, and a world leader in information technology. As IT becomes the value driver in all sectors, Estonia is uniquely positioned as the scalable location of choice for digital business and knowledge. Add areas of emphasis are as follows:
1. Information Technology Research and Development
Estonia is acknowledged as a leader in digital identity, cyber security and Blockchain, and has produced a number of innovations in the consumer, corporate and government sectors.
Estonia's software development sector is vibrant, spanning from startups to multinationals in segments such as gaming, fintech, e-commerce, cleantech, enterprise, and e-government.
The country has emerged as a leader in cybersecurity, ranking first in Europe due to its multi-stakeholder approach to strategic, technical, operational, and legal aspects. Estonia's unique combination of experience and environment provides the ideal platform for research, development and management of these solutions.
2. Food Industry
Estonia is a country that benefits from a natural and, in many cases, untouched environment. Raw material inputs are of high quality, usually organic, and from clearly identifiable local sources.
Estonia is increasingly a hub of export-oriented activities. Regional giants such as Orkla, Saarionen and Lantmann export the Estonian end product to European markets. High-quality raw materials from Estonia are exported worldwide for use in the food, beverage, healthcare, animal feed, and fruits and vegetable industries.
The history of innovation in food science in Estonia is a long one. Today, Lallemand – the global leader in the development, production, and commercialization of yeast, bacteria, and specialty ingredients – operates the leading global R&D center for functionalities and targeted evolution in Estonia, in collaboration with TalTech. Finnish dairy giant Valio conducts R&D on lactose-free and digestion-enhancing foods.
3. Electronics, IoT, and Mechatronics
Estonia has a considerable and growing mechatronics industry thanks to its ability to integrate world-class expertise in mechanical engineering, electronics, and IT.
In mechanical engineering, Estonia has a 25-year track record of high-value manufacturing, testing and assembly for global markets.
Today, Estonia's electronics capability, developed over 70 years, includes R&D, prototyping, production and precision assembly of polychlorinated biphenyls, supercapacitors, transformers and semiconductors.
Historical skills in industrial automation and cyber security are augmented by developments in data analytics, connected networks, and Blockchain. Estonia is at the forefront in R&D in sensors, control software, and location technology for autonomous vehicles.
4. Logistics
Estonia is strategically located with excellent multi-modal connections to the Nordic, Baltic, European Union and Commonwealth of Independent States markets, backed up by the required protocols and language skills. It is also consistently ranked among the most open and competitive economies in the world, and the low bureaucracy ensures an efficient flow of goods and data.
Estonians are experienced in managing complex industrial supply chains, and have expertise in sensitive charge such as petrochemicals and just-in-time delivery.
Consistent investment in IT and infrastructure projects further enhances Estonia's accessible market and competitiveness. New possibilities in the North-South, East-West supply chain are emerging.
Estonia is applying IT to transform all aspects of the supply chain management, from business planning to e-customs, automated goods handling, and final delivery. Combined with expertise in shared supply chain services, Estonia is expanding as an integrated management center of business supply chains.
5. E-Commerce
The most digitally capable nation in the world, Estonia has been offering online services to businesses, consumers and governments for over 20 years.
World-class IT skills in areas including software development, localization technologies, digital marketing, and process automation have created numerous e-commerce solutions.
Estonia also has expertise in several e-commerce enablers. Online trust is a peculiar power, thanks to the extensive use of electronic identification, Blockchain technology, and a cybersecurity sector that ranks first in Europe. Estonia will be among the first countries in the world to offer 5G infrastructure (with pilot networks already launched).
These are just some of the areas where your business can flourish in Estonia. Even if your business is not in one of these areas, Estonia may be the ideal place to leverage it. There are a number of other businesses that can benefit from Estonia's highly digital and business-friendly environment. Not sure if Estonia is right for your business? Send us a message and maybe we can help you.
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