New Growth Program To Help Overcome Challenges Of The New Era

According to Kadri Tammai, director of the Tehnopol Startup Incubator, Estonia and the rest of the world are currently facing a situation that most would not have been able to predict just a month ago. "In these stressful times, many companies are facing complex challenges, yet at the same time the changed reality has also created new opportunities that can be solved with the help of technology," Tammai explained. "A new era demands new ideas! This is a fertile ground for Estonian startups to grow their ideas into strong businesses, to realize their potential, to attract investment, and to put our technology sector on the map at such a pivotal time."

The new growth program is especially interested in receiving applications from startups that work in the green, health, smart city, or business-to-business technology space. According to Tammai, the program hopes to attract companies that have a first prototype, strong team, and escalating business idea.

The program's updated composition is based on feedback from startups and many years of experience in creating startup investor readiness. "The startup company selected for the growth program will receive a key mentor and expert advice, participate in a hands-on and comprehensive training series, and gather many useful contacts within the startup community and investor networks. The value of the program for startups is about €10,000. These are the pillars that help build strong and sustainable companies," Tammai added.

Tehnopol Startup Incubator's key mentors are experts in their fields who have built, managed, and learned from their own successes and mistakes. Key mentors have both the knowledge and skills to overcome business challenges and move forward faster.

One of the key mentors of the growth program, Ivar Siimar, said that over the years, a well-functioning team of mentors has been created who communicate with each other and with startups on a weekly basis. This active exchange of information and support creates a fertile ground for the rapid growth of companies. Siimar explained that startups are at a very different level when they start the program. "We have had both one-man-and-dog type companies and companies that already have paying customers. Each participant in the program is special and needs the personal approach that a key mentor can offer."