Estonia proudly claims the third spot among the leading startup hubs in the Nordics, a recognition conferred by the recent StartupBlink report. The Baltic Tiger has surged to 10th place in the global ranking of emerging ecosystems, a feat acknowledged by the Global Startup Ecosystem Report. Furthermore, Estonia now hosts the largest and most energy-efficient data center in the region, brought to life by Greenergy Data Centers. What is the opportunity out there?

According to The Next Generation of Tech Ecosystems Report, published by Dealroom, the combined valuation of Estonian, Finnish, and Swedish tech enterprises nears 400 billion euros. It’s noteworthy that the Nordic and Baltic nations are the world leaders in generating unicorns per capita, second only to Silicon Valley. But despite this, when measured against China, European investments in DeepTech are presently merely half the magnitude; when gauged against the United States, they stand at just one-third.

To outpace the US and Asia, Invest in Estonia underlines the need to consolidate resources and operate as a united front alongside neighboring nations. Transitioning from a national to a global perspective, Estonia, Finland, and Sweden are coming together within the framework of the Nordic Tech Valley, envisioning a collective rise as a global tech force capable of standing on par with their US and Asian counterparts.

Nordic Tech Valley focuses on deep technology, one of the main drivers of ecosystem growth. The Nordics aim to create a successful DeepTech region in Europe that produces highly disruptive technologies and exports them to the rest of the world.

The cornerstone of success for any tech hub is the ability to draw and inspire top talent. Nordic Tech Valley recognizes this and envisions a cascade effect – a surge in research and entrepreneurial initiatives attracting more minds and capital.

Recovery persists despite market volatility. Responding to the situation and seeking innovative solutions, tech entrepreneurs hold a significant role in this resurgence. Reflecting on history, evidence suggests that economic downturns can actually propel new ventures.

Nordic Tech Valley’s mission is to unlock DeepTech’s potential by empowering stakeholders. This mission takes shape through fostering cross-border collaborations among researchers and research institutions, fortifying connections between early-stage DeepTech startups and investors, and cultivating a dynamic research-to-business environment for research teams, startups, investors, corporates, and supporting entities.