Startup Estonia convened a round table of the technology sector and the Prime Minister
On 12 January, Startup Estonia, a member of KredEx, together with representatives of the technology sector and Prime Minister Kaja Kallas discussed the current situation and future plans of the sector at a round table of the technology sector in Stenbock House.
The meeting focused on the bottlenecks highlighted by the technology sector and proposals on how the state could further support the development of the sector. For example, the discussion topics included obstacles to recruiting foreign employees, the financing of higher education, the regulation of option taxation, the promotion of investments in R&D, and possibilities to get involved in the development of a new generation of the Internet.
According to Prime Minister Kallas, the discussion highlighted a number of ways how the state could help companies develop products and services with high added value and export potential. She said that some of the proposals are already being implemented, while others need a more comprehensive analysis.
Last year, there were nearly 11,000 companies in the Estonian technology sector, with a combined turnover of almost five billion euros. By 2030, the aim is to reach the target of a one-third contribution of the technology sector to Estonia’s GDP.