Posts Tagged ‘Invest in Estonia’
Estonia launches €10M push to cut business paperwork
State services are already fully digitalised for citizens in Estonia, but there’s more to improve in the business sector. Enterprise Estonia is rolling out three new grant schemes totalling €10M to help companies automate data exchange — both between businesses and between the private and public sectors.
The initiative sits within Estonia’s broader real-time economy (RTE) agenda, which aims to eliminate manual data handling by ensuring information flows automatically, in standardised formats, to the right parties at the right time. This will enable automated annual reports, real-time payroll submissions, and live inventory management — rather than PDFs and email attachments.
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Originally published on 30 Mar
Read MoreEstonia breaks ground on its largest homegrown battery energy storage
Grid independence means little without the capacity to balance it — and Estonia is now building that capacity with domestic capital. According to the press-release, Estonian companies Diotech OÜ and Transcom AS have begun construction on a 100 MW / 200 MWh battery energy storage system (BESS) in Tsirguliina, Valga County.
Dubbed Project Zirgu, it is the largest battery energy storage facility to be developed with entirely Estonian capital, and its first phase is scheduled for completion by March 2027.
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Originally published on 10 Mar
Read More2025 in review: Invest Estonia sets record with €431M in investment decisions
In 2025, new and existing investors committed to €431M worth of investment decisions with support from Invest Estonia, marking the highest figure on record.
Investment decisions were concentrated primarily in electronics, chemicals, energy, wood processing, machinery, and metals. Around 40% of the total represents entirely new investments, whilst over 30% relates to reinvestments by foreign-owned companies already operating in Estonia. A further fifth comprises planned acquisitions.
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Originally published on 9 Mar
Read MoreHanwha Aerospace to invest €100M in Estonia’s defence industry
Estonia cooperates extensively both within NATO and with a wider block of allies. This week, South Korean defence giant Hanwha Aerospace has announced a direct investment package of nearly €100M in Estonia, with the total economic impact — including joint R&D activities with local companies — projected to reach up to €260M. The investment aims to strengthen Estonia’s technological sovereignty and establish the country as a regional hub for territorial defence systems.
The announcement builds on a deepening bilateral relationship. In late 2024, Estonia signed a €290M contract with Hanwha to procure at least six Chunmoo multiple-launch rocket systems alongside three types of munitions. Hanwha had previously delivered six K9 Thunder self-propelled howitzers to the Estonian Defence Forces, making it one of Tallinn’s most significant defence procurement partners. Defence Minister Hanno Pevkur noted that Hanwha is also among the potential bidders for Estonia’s upcoming naval overhaul.
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Originally published on 6 Mar
Read MoreGerman energy group Danpower invests in Estonia, citing good business climate
German energy company Danpower Group is acquiring a majority stake in SW Energia OÜ, one of Estonia’s leading district heating providers, says the official press-release. Danpower Group is a Potsdam-based energy company specializing in district heating and renewable energy solutions for municipalities, industries, and residential areas across Germany and now Estonia.
The deal, signed on January 27, awaits approval from the Estonian Competition Authority and aims to accelerate the transition to renewable energy in Estonia’s heating sector.
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Originally published on 5 Feb
Read MoreEstonia launches Defence Business Lab for startups
To secure the status of Europe’s frontier DefenceTech destination, Estonia is moving fast, and is now building a pipeline for defence startups to win major international funding. Estonia’s Ministry of Defence, in collaboration with the Ministry of Economic Affairs and Communications, has established a pre-accelerator programme called the Defence Business Lab, according to the official press release.
Designed to help local companies compete more effectively in major international defence funding competitions, the programme aims to prepare early-stage development teams for successful applications to NATO DIANA (Defence Innovation Accelerator for the North Atlantic) and the European Defence Fund (EDF), two significant sources of defence funding.
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Originally published on 2 Feb
Read MoreEstonia launches bold AI initiative to double productivity
Estonia is no stranger to being the first in official digital adoption — already succeeding in making all governmental services online, using blockchain and e-voting. Now it’s time to take this approach into the AI era. The Estonian government unveiled Eesti.ai on Tuesday, an ambitious national program that aims to systematically implement artificial intelligence across all sectors, with the goal of doubling the value of Estonian work by 2035.
Prime Minister Kristen Michal launched the initiative alongside Bolt founder Markus Villig, who will chair the international advisory council driving the program. The council brings together Estonian tech leaders, including IT visionary Linnar Viik and entrepreneurs Sten Tamkivi (Skaala), Kaspar Korjus (Pactum), and Taavi Madiberk (Skeleton), working alongside international experts and sector representatives.
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Originally published on 27 Jan
Read MoreEstonian EdTech Flashka secures €1M, reaches 1M users in first year
The AI boom is changing the learning practices, and the Estonian startup scene is making a mark on it. This month, Tallinn-based AI startup Flashka has raised €1M in pre-seed funding led by Outlast Fund, with participation from Ulixes Capital Partners (UCP) and Vento Ventures.
Founded in 2023 by Stefan Djokovic, David Djokovic, and Simone De Marchi, Flashka has developed an AI-powered study platform that helps university students master complex subjects through automated flashcards, quizzes, and personalized learning tools. It focuses on spaced repetition, a learning technique that boosts retention with adaptive schedules, reducing cramming. It can be used with any subject, or for language study.
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Originally published on 20 Jan
Read MoreEstonia joins Nordic AI Gigafactory project
Estonia is no stranger to frontier AI projects, already using the most modern tools in the education system and producing an impressive array of AI-first startups and scale-ups. Now, there’s more on this front, as Estonia has signed a cooperation agreement with Nokia to participate in a Nordic consortium developing sovereign AI infrastructure across the region, Justice and Digital Affairs Minister Liisa Pakosta announced today in Oulu, Finland.
The project currently includes Estonia, Finland, and Latvia, with ongoing negotiations to bring Sweden and Denmark on board. The initiative responds to the European Commission’s program supporting the development of European sovereign AI infrastructure—specifically, AI gigafactories—designed to reduce dependence on third-party computing resources.
For Estonia, the agreement means establishing an AI-ready data centre on its territory that would integrate with both existing Estonian and broader regional infrastructure. The facility would provide essential computing capacity to the public sector, research institutions, and private enterprises.
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Originally published on 19 Dec
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