Exploring Innovation and Entrepreneurship: Insights from Tallinn’s Latitude59 Event
May 30, 2024
Azizaga Atakishiyev, a Green Vet Specialist, shares insights from his recent educational tour at Tallinn's Latitude59 event.
Thrilled to share that my educational tour in Tallin was incredibly inspiring and informative. It was filled with engaging discussions, fruitful meetings with investors, SMEs, and interesting start-ups, as well as invaluable exchanges of experiences. I also got a chance to attend the Latitude59 event, which is one of the Nordics’ biggest tech and startups event. This event is organized every year for people who want to start their own business and those who started operating on the market recently.
The two-day event was full of valuable lectures and information on how to get funds to start a business, including subsidies. The event in the Baltics, with 150+ high-level speakers, 3.5+ visitors, 900+ startups, 600+ investors, and a €1 million prize fund for startup competition was impressive. This tour offered fresh insights on innovations, advancements, green entrepreneurship, as well as digitization, along with new cooperation prospects.
I think there is so much to learn from the Estonian experience, and I would like to share some facts.
✔ Estonia is a small nation that has become great in education and digitalization.
✔ Estonia is the # 1 country in the world for digital life. Except for divorces, all services can be done through online.
✔ Estonia consistently ranks as one of the most open, competitive, and transparent economies in the world.
✔ Estonian tax system is known for its simplicity, broad tax base, and low tax rates.
✔ Estonia has a busy, supportive, and open startup ecosystem eager to support ambitious individuals and startups.
✔ Estonian legal environment favours entrepreneurship and the entrepreneurial mindset.
✔ Estonian labour legislation is liberal and offers more flexibility for agreement on terms and conditions of employment.
✔ Modern e-solutions make setting up and running a business in Estonia quick and easy.
✔ Estonia is the first country to offer e-residency a transnational digital identity that provides access to Estonia’s digital business environment.
✔ Tallinn designated as the European Green Capital 2023 in recognition of its efforts to promote sustainable transport and the green economy.
✔ Over half of Estonia’s land area is covered by forest (52%)
✔ WHO has ranked Estonia’s air as one of the cleanest air in the world.
Latest
Jan 22, 2025
EBRD finances water infrastructure in Ganja, Azerbaijan
News
The EBRD has signed a €35m loan with Azerbaijan to upgrade Ganja’s water systems. Following the COP29 Azerbaijan memorandum, this is the first step in a larger programme to improve services for 300k+ residents.
Jan 11, 2025
Azerbaijan, Latvia explore prospects for tax cooperation
News
Orkhan Nazarli, Head of the State Tax Service under Azerbaijan’s Ministry of Economy, President of the Intra-European Organisation of Tax Administrations (IOTA), held a virtual meeting with Baiba Šmite-Roķe, Director General of the State Revenue Service of Latvia.
Jan 06, 2025
IFC issues manat bonds to boost Azerbaijan’s climate and social projects
News
The International Finance Corporation (IFC), a key member of the World Bank Group, has issued bonds denominated in Azerbaijani manat (AZN) to expand access to loans for small, micro, and medium enterprises in Azerbaijan.
Dec 27, 2024
Renewables account for 24.5% of EU energy use in 2023
News
In 2023, 24.5% of gross final energy consumption in the EU came from renewable sources, up by 1.4 percentage points compared with 2022.
Dec 26, 2024
Azerbaijan to digitise public administration with €43 million loan from EIB Global
News
The European Investment Bank’s global arm (EIB Global) has signed a €43 million loan agreement to develop a digital infrastructure for governmental services.
Dec 17, 2024
"Green Future" knowledge competition
News
If you are ready to transform your green ideas into powerful and tangible solutions, join the European Union's "Green Future" knowledge competition!
Nov 25, 2024
EBRD invests in Azerbaijan’s solar power expansion at COP29
News
The European Bank for Reconstruction and Development (EBRD) has unveiled a significant investment in Azerbaijan's renewable energy sector during COP29 in Baku, Trend reports.
Nov 23, 2024
EBRD, EU and Bank Respublika to support Azerbaijani MSMEs
News
The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to US$ 7.5 million (€7 million) in local currency to Bank Respublika, one of Azerbaijan’s leading commercial banks.
Nov 23, 2024
Boosting Green: Polish-Azerbaijani Business Forum in Baku
News
On November 18, 2024, the Boosting Green: Polish-Azerbaijani Business Forum took place in Baku, organized by the Ministry of Climate and Environment of the Republic of Poland and the Polish Embassy in Baku as a side event of the COP29 climate summit held in the capital of Azerbaijan.
Nov 05, 2024
European Union at COP29
News
Join us on the ground at the EU Pavilion and discover how the European Union is leading the way to a sustainable future!
Oct 15, 2024
The European Union-Türkiye Azerbaijan Investment Meet, 2024
News
The event is titled the European Union-Türkiye Azerbaijan Investment Meet, 2024 and will take place at the Lankaran Springs Hotel in Lankaran, Azerbaijan, on October 30-31, 2024.
Oct 01, 2024
"NORDIC TALKS" Initiative Ahead of COP29 in Baku
News
Nordic Embassies Launch the "NORDIC TALKS" Initiative Ahead of COP29 in Baku
