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Today marks the beginning of the largest startup event of the Estonian presidency
Minister Urve Palo's opening words at the Startup Nations Summit.
The largest startups meeting of the Estonian presidency, the Startup Nations Summit will take place on Tuesday and Wednesday. The Ministry of Economic Affairs and Communications (MKM) together with the Global Entrepreneurship Network brings together representatives of startup companies and policymakers from more than 60 countries to Tallinn. The main theme of the event is deepening collaboration between governments and companies via technological innovations.
Along with exciting discussions and talks, the Startup Nations Summit will host the policymakers hackathon, Policy Hack. Nine teams from eight governments around the world will participate in the hackathon. Representatives of each government will arrive in Estonia with an idea to create a new innovative policy, which will then be hacked in collaboration with startup companies on Wednesday at the Startup Nations Summit in Tallinn.
When leaving Estonia, governments go home with a proof of concept for new political initiatives that they can start implementing in their respective countries. The final stage of the Policy Hack will take place in the countries that have taken part in the hackathon when they begin to put the ideas developed in Estonia into their local legislation. The Startup Nations Summit Policy Hack is a first of its kind in the world and teams of policymakers from Germany, the Netherlands, Turkey, Mexico, Chile, Egypt, Guatemala and two from Estonia are taking part.
The event is organised by the Global Entrepreneurship Network and the Ministry of Economic Affairs and Communications together with the European Commission, Startup Estonia, EIT Digital, Dell and the Kauffman Foundation.
If the expected economic growth for last year was 3,6%, then 2019 forecast is 0,3% points smaller. Main positive factors contributing towards the economic growth are high employment rate, rapid wage growth and an increase in household wealth. On the other hand, three main issues hindering development are lack of skilled labour, lack of innovation and insufficient competitiveness.
07.09.2018|Ministry of Economic Affairs and Communications
Prime Minister Jüri Ratas and Minister of Entrepreneurship Rene Tammist met with representatives of start-up companies to discuss possibilities of making the Estonian start-up field more attractive – several proposals for changing legislations more entrepreneur-friendly will soon be applied.