CIS Tech Startups' Opportunities In Baltic and Nordics Startup Ecosystems
Zatitskiy, Roman (2020)
Zatitskiy, Roman
2020
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020063019445
https://urn.fi/URN:NBN:fi:amk-2020063019445
Tiivistelmä
The ultimate objective of this thesis is to gain insights and opportunities of Finnish and Baltic (Estonia, Latvia and Lithuania) startup ecosystems in terms of a jurisdiction choice for Russian tech startups founders of early stages. The opportunities for startup immigration, residence permits, company registration and growth are considered. The data is collected from various sources including academic articles, professional blogs and official documents, the national start-up and business development authorities, international analytical agencies and accelerators reports.
The secondary aim is to clarify the question regarding the startup ecosystem as an enterprise generating revenue for the host country and understanding it's economy: expected revenues from the startups activities and understanding the range of expenses available for startup acquisition and ecosystem maintenance.
The startups incorporated in the target countries were interviewed, the outcome data was then analysed, synthesized with findings from the papers, and processed to generate research findings.
The result of the study indicates that the most challenging startup ecosystem is Latvian and it is recommended for startups on the bootstrapping or pre-seed stage, or in the non-popular venture domain. The Finnish startup ecosystem is the most saturated, with high level of access to venture and private equity capital and mature ecosystem shareholders. Finland is recommended for seed-round startups with mature product and customer database. The «golden mean» among the considered countries is Lithuania, which has a rather mature startup ecosystem along with relatively good talent access and low business expenses
The secondary aim is to clarify the question regarding the startup ecosystem as an enterprise generating revenue for the host country and understanding it's economy: expected revenues from the startups activities and understanding the range of expenses available for startup acquisition and ecosystem maintenance.
The startups incorporated in the target countries were interviewed, the outcome data was then analysed, synthesized with findings from the papers, and processed to generate research findings.
The result of the study indicates that the most challenging startup ecosystem is Latvian and it is recommended for startups on the bootstrapping or pre-seed stage, or in the non-popular venture domain. The Finnish startup ecosystem is the most saturated, with high level of access to venture and private equity capital and mature ecosystem shareholders. Finland is recommended for seed-round startups with mature product and customer database. The «golden mean» among the considered countries is Lithuania, which has a rather mature startup ecosystem along with relatively good talent access and low business expenses