This article summarizes the top virtual accelerators in the Baltic Countries and compares them to 1Mby1M the world’s first global equity free virtual accelerator for solo and bootstrapped founders. By Guest Author Elnur Gurbanzade | Reviewed by Sramana Mitra Estonia, Latvia and Lithuania collectively known as the Baltic Countries have earned a serious place on
Estonia is the poster child of digital transformation. From e-governance to paperless bureaucracy, the country has built an identity as the “Digital Republic.” It consistently ranks among the most startup-friendly environments in Europe. Founders in Tallinn and Tartu have proven that a small country can build world-class technology companies — Skype, Wise, Bolt, Pipedrive, and
Sramana Mitra: Estonia has made huge progress in building a startup ecosystem. Can you talk a little bit about what has enabled that? What are the highlights of the ecosystem? Lauri Kinkar: We have to take a few steps back. Back when Estonia regained its independence in the early 90’s, it was a unique situation.
Sramana Mitra: How much maturity do you want the project to reach? What is the benchmark that you use before you spin something out? Lauri Kinkar: When the first few enterprise customers with a prominent track record are ready, provided that we understand the reasons why they are ready to pay for that solution and
Sramana Mitra: What is the process? Do you identify one problem to work on and then go find a customer with whom to start developing the solution? Lauri Kinkar: We’ve always believed that what you just described is the ideal scenario. If you always ask potential customers what they need, they probably would not come