ESTONIAN HEALTH TECH ECOSYSTEM MAPPING
Mapping Estonian Health Tech Landscape
A Comprehensive Guide to Estonia's Health Tech Ecosystem
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The survey explores the services accessible to health tech start-ups and highlights both opportunities and challenges present in the healthcare sector. The survey uncovers nine pivotal challenges shaping the health tech ecosystem in Estonia:
Limited Experience: In Estonia, there's a notable gap in experience when it comes to nurturing businesses centered on deep tech solutions, particularly within the healthcare sector.
Ecosystem Awareness: A lack of general awareness exists concerning the specialized business ecosystem, including the identification of stakeholders and the potential for mutual benefit.
Few Success Stories: There are not many examples of both well-established companies and new startups that have succeeded.
IP Commercialization: Limited expertise and practice are evident in the area of turning intellectual property into financially viable operations.
Clinical Partnerships: A deficit in strong collaborations with clinical experts is apparent, and the platforms for such partnerships remain underdeveloped.
Funding Constraints: Given the often lengthy development cycles associated with healthcare technology, the available funding options are inadequate.
Investment Attraction: Difficulty exists in drawing both local and international investment into the ecosystem.
Entrepreneurial Skills: Both new and established companies frequently display a lack of essential business skills necessary for growth.
Talent Shortage: The ecosystem experiences a limited supply of workforce possessing the requisite knowledge and experience.
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The opportunities for overcoming the obstacles identified in the study will be addressed in the strategy for the development of start-up companies in the field of healthcare for the years 2023-2028.