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MIT Global Startup Workshop Brings Budding Entrepreneurs, Investors to Tallinn

The MIT Global Startup Workshop took place in Tallinn from March 25 to 27. Put on by Massachusetts Institute of Technology in cooperation with Enterprise Estonia, the three-day event covered topics including biotechnology, electronics, energy production as well as IT.

Jaan Tallinn, one of the founders of Skype, and Steve Jurvetson, managing director of Draper Fisher Jurvetson (DFJ) were among the speakers at the workshop, which also included a pitching contest where participants were given feedback for their business ideas.

Speaking on Estonian Television, Shaun Bamforth, an organiser of the workshop, noted that Estonian technology-based startups and Estonian startups in general have done well around the world. “We have Estonian startups in Boston, Silicon Valley," he said.

Estonia was recently named by the Wall Street Journal as the country that produces more startups per capita than any other in Europe. Apart from its most famous success story – Skype – it has given birth to several other enterprises with global reach such as GrabCad, Transferwise, ZeroTurnaround, Fortumo, Pipedrive and Click&Grow.

Last year, Estonian startups raised 17 million euros in capital, including 2 million euros from Estonian investors.