The needs of young innovative companies in Estonia and their matching with the current public policy initiatives

Madli Pindmaa

Student thesis: Master thesis


This Master Thesis analyzes the needs and problems of young innovative companies (YIC-s) in Estonia and shows to what extent current public policies match with these. Based on vast academic research, it starts with an in-depth overview of how countries achieve competitiveness and what role innovation and young innovative companies have in the process. This perspective is complemented with possible public policy measures to promote competitiveness, innovation and YIC-s. The thesis covers the country specifics of Estonia as well as current policy documents promoting innovation and technology development. An indepth view of public organizations in National Innovation System of Estonia is given with a focus on measures towards YIC-s. Based on 6 qualitative interviews with representatives of YIC-s, the thesis brings out five groups of needs YIC-s encounter in Estonia. These include: financing, human capital and hiring of employees, general consulting, sales and commercialization, and contact network and expansion abroad. The thesis concludes with the evaluation of public policy measures by seeing how they match with the YIC-s needs

EducationsMSc in Finance and Strategic Management, (Graduate Programme) Final Thesis
Publication date2012
Number of pages97