Tallinn has reached the sixth position in the ranking of Europe's most popular start-up hubs
In the Startup Heatmap Europe annual report, which compares European startup hubs, Tallinn is ranked high this year in sixth place. Compared to 2021, the position has improved by three places.
In the case of Tallinn, the founders of start-up companies who participated in the study highly rated the ease of starting and running a business. As a positive aspect, the report also pointed out that 26 percent of the founders of start-up companies registered in Tallinn are female, which is significantly different from the European average (17 percent).
The last three years have been successful for Tallinn start-ups, the average investment volume has increased by 365%, and the volume of early-stage investments has increased by 70% per year during the same period. Record-breaking investments mean the growth of companies, new jobs and higher taxes for the state, and are also a quality mark of the region.
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