Deeptech startups in Estonia reached a record €227.2mn in turnover in 2023, indicating significant growth and investment into this emerging technology sector.
The Estonian government envisions deeptech to constitute about 30% of the total startup volume by 2030, increasing from 132 deeptech startups in 2023.
Higher education institutions like TalTech and the University of Tartu are establishing venture arms to simplify the spinout process, enhancing research commercialization.
The government's action plan includes improving funding access for startups, which is crucial for fostering early-stage deeptech entrepreneurship in Estonia.
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