A country as a startup – that’s how Estonians describe their country. Indeed, despite a small population, Estonian is highly tech-savvy and entrepreneurship-friendly Baltic state, with the number of new tech services growing every year. They gave birth to internationally successful companies like Skype, TransferWise, Pipedrive and Playtech just to name a few.
So who are the new kids on the block that you should be looking at? EstBAN, an Estonian angels organization had a jury of investors choose Estonia’s 12 best early stage startups from a pool of over 100 applicants.
The TOP 12 Estonia’s best early-stage startups in 2017 are:
- Autolevi – Airbnb for cars.
- Avokaado – Provides up-to-date content and tools to create, collaborate, sign and store your documents in a secure cloud.
- Fanvestory – Helps artists by allowing fans to invest in their songs and earn profit when the song becomes successful.
- Fitlap – A smart and self-learning meal planner to make a revolution in healthy eating.
- Foxcademy – Studying platform that helps students get smarter and increases teachers’ impact.
- Fractory – A one-stop-shop for laser cutting services
- Frank.ai – Advertising genius that helps startups to grow through smart online advertising.
- GuestJoy – Helps hotels to upsell and collect feedback with data-driven guest communication tool.
- Hoopy – AI-based app discovery platform and parental control solution for children’s first smartphone.
- TitanGrid – Helps large companies identify and reduce individual’s cyber risk in a fully automated way.
- Transformative – Revolutionizes healthcare through predictive analytics and artificial intelligence.
- Tsekk.ee – Saves 75% of the accountant time spent on receipts handling.
In the next round, the TOP 4 teams will be announced, who will then go to the finale, which will take place in Tartu during the sTARTUp day business festival on the 8th of December.
“Even though the level of the startups participating in this competition varies to a certain degree, choosing the TOP 4 will not be so easy anymore: very good candidates have emerged,” said the Estonian Business Angels Network (EstBAN) president Rein Lemberpuu on the high level of the competing startups. “It’s especially great to see so many new startups, which means the Estonian startup scene keeps on getting better.”
Lemberpuu adds that one reason for hosting such a competition is to increase the visibility of the new early-stage startups. At the sTARTUp Day 2017 business festival the finalists will have the possibility of showcasing their startup company to more than 2500 festival guests, investors, media and future partners. At the festival stage the winner of the “Estonia’s Best Early Stage Startup of 2017” title will be announced with an investment prize of up to 200 000€.
Last year’s winner of the “Estonia’s Best Early Stage Startup of 2016” title Deekit has enjoyed international success ever since. Besides the winning investment, the company has raised an additional €468,940 investment, received international recognition and was named the finalist at the Startup Europe Awards.
Which one is your favourite?