Talsinki Metropolitan Incubation

Programme 2014 - 2020 INTERREG V-A Finland - Estonia - Latvia - Sweden (Central Baltic)

Date of latest update: 2023-11-11

Description

Description (EN):

The Talsinki Metropolitan Incubation project aims to facilitate the creation of 30 new joint Central Baltic knowledge intensive companies and co-operation between them in the Tallinn-Helsinki area through a network of partners who develop and implement an integrated incubation service that addresses regional startup ecosystem goals and utilizes common resources. The co-operation addresses four business verticals: ICT, healthtech, cleantech and creative industries. Each partner will focus on said verticals to accommodate regional development strategies (e.g. smart specialization). A shared process for incubating and accelerating new companies will be developed around a common model of start-up development phases (Appendix 1). The parties will map existing programs over these phases, compare and benchmark specific services provided by the partners and assess the needs of new knowledge intensive companies for new services and benefits of cross-border collaboration. The assessment will be followed by establishing relevant procedures to develop cross-border teams. Service design methods and rapid experimentation will be utilized in working together and in introducing new services. The target is to serve new entrepreneurs significantly better than through individual offerings. The integrated process will lead to a) better validation of start-up ideas and teams through sharing of dealflow and information, b) availability of more specific expertise through sharing of advisors, mentors and coaches, c) stronger teams through matchmaking of people, ideas and seed investors across the region. The need to develop a joint incubation model and process is driven by growing global competition and limited local resources. The co-operation focuses on a compact area of Tallinn-Helsinki where the cost of joint operations and doing business cross-border is minimal. The budget for the project is € 1.458.229,30.

Achievements (EN):

Creation of knowledge-intensive companies and co-operation between them in the Tallinn-Helsinki area - Talsinki: The main goal of this project was to support the creation of joint new start-up companies between Estonian and Finnish wantrepreneurs. Through Talsinki activities 7 new joint startup companies were created. For that approximately 15 teams were created and over 200 companies participated in workshops, trainings and networking events. Achieved 7 new joint companies were mainly created via cross border investments. Out of 15 formed teams, 10 became cross-border teams. In addition the project partners ran their incubation programs where startups who were part of Talsinki activities also raised more private capital, alas, it was not cross-border. Main achievements of the project were: - 201 startups and SME-s supported through the project. - approximately 2000 participants and 200 startup founders or Co-Founders took part of the Talsinki project activities. - approximately 100 startups were directed to business angels or investors (pitch events,1-1 meetings). - Around 25 business support organisations and local public authorities were involved in various stages of the project. Talsinki project strengthened the cooperation and collaboration in the Tallinn-Helsinki region, especially through project partner’s work. Collaboration with Estonian and Finnish Business angels is extended and continues also after the project. Project partners are active local startup ecosystem members and continue to provide incubation services. Multiple cross-border investments have followed after the Talsinki project.

Website: http://centralbaltic.eu/

Expected Results (EN): R1.1. Number of new joint or co-operating knowledge intensive enterprises

Expected Outputs (EN):

30 joint companies. The project will end up creating a total of 10 knowledge intensive joint companies per year, a total of 30 knowledge intensive companies during the project duration of three years. Creating strong joint companies and matchmaking the current competences is the most relevant indicator of the program. 80 co-founders. More than 80 startup cofounders will be attracted for matchmaking procedure to build stronger joint companies in one year. Co-founders are preselected to match the strongest competences that can be attracted from Tallinn and Helsinki. Matchmaking events put their skills to test and find ideas worth executing for best results. 6 matchmaking events. The aim is to build a sustainable tradition for co-founders and investors to meet in Tallinn and Helsinki. The matchmaking events are connected to the main startup ecosystem highlights like Latitude59 and Slush/Arctic15. 4 strong business incubators. The project includes 4 strong incubators that are building a common system to support high growth potential startups across the sectors of technology and creative industry. 2 business angels associations. Business angels in Tallinn and Helsinki will be included to the activities of the project to create common gateway for startup investments. EstBAN and FiBAN play significant role in early stage seed investments in startup ecosystem and cooperation with them will lead to more syndicated investments.

Thematic information

SME and entrepreneurship

Specific Objective: New Central Baltic knowledge intensive companies

Thematic Objective: (03) enhancing the competitiveness of SMEs by:

Investment Priority: (03a) promoting entrepreneurship, in particular by facilitating the economic exploitation of new ideas and fostering the creation of new firms, including through business incubators

Partners (5)

Lead Partner: Sihtasutus Tallinna Teaduspark Tehnopol

Address: Teaduspargi 6/1, 12618 Tallinn, Estonia

Legal status: public

Website: http://tehnopol.ee

Total budget: EUR 450 059.82

ERDF budget: EUR 382 550.85

MTÜ Eesti Äriinglite Assotsiatsioon

Name: MTÜ Eesti Äriinglite Assotsiatsioon

Address: Lõõtsa 8A, 11415 Tallinn, Estonia

Legal status: private

Website: http://estban.ee

Total budget: EUR 126 709.20

ERDF budget: EUR 107 702.82

Aalto Start-Up Center

Name: Aalto Start-Up Center

Address: Energiakuja 3, 180 Helsinki, Finland

Legal status: public

Website (not verified): http://start-upcenter.fi

Total budget: EUR 296 788.25

ERDF budget: EUR 222 591.19

Sihtasutus Tallinna Ettevõtlusinkubaatorid

Name: Sihtasutus Tallinna Ettevõtlusinkubaatorid

Address: Veerenni 24, 10135 Tallinn, Estonia

Legal status: public

Website: http://inkubaator.tallinn.ee

Total budget: EUR 264 215.75

ERDF budget: EUR 224 583.39

Spinno Enterprise Center

Name: Spinno Enterprise Center

Address: Ratatie 22, 1300 Vantaa, Finland

Legal status: public

Website: http://spinno.fi

Total budget: EUR 296 939.10

ERDF budget: EUR 222 704.32

Partners map

Partners and Projects info

Estonian Business Angels Association

Talsinki Metropolitan Incubation

Partners and Projects info

Aalto Start-Up Center

Talsinki Metropolitan Incubation

Partners and Projects info

Tallinn Business Incubators

Talsinki Metropolitan Incubation

Partners and Projects info

Spinno Enterprise Center

Talsinki Metropolitan Incubation

Partners and Projects info

Foundation Tallinn Science Park TEHNOPOL

Talsinki Metropolitan Incubation

Lead partner

Project partner

Summary

Project name (EN): Talsinki Metropolitan Incubation

Project acronym: Talsinki

Project start date: 2015-10-01

Project end date: 2018-09-30

Project status: closed

Total budget/expenditure: EUR 1 434 712.12

Total EU funding (amount): EUR 1 160 132.57

Co-financing sources:

ERDF: Amount, EUR 1 160 132.57.

Information regarding the data in keep.eu on the programme financing this project

Financing programme

2014 - 2020 INTERREG V-A Finland - Estonia - Latvia - Sweden (Central Baltic)

Last month that data in keep.eu was retrieved from the Programme's website or received from the Programme

2023-11-11

No. of projects in keep.eu / Total no. of projects (% of projects in keep.eu)

137 / 137 (100%)

No. of project partnerships in keep.eu / Total no. of project partnerships (% of project partnerships in keep.eu)

663 / 663 (100%)

Notes on the data

Information provided by the Programme. Achievements were retrieved by Interact from the Programme website (http://centralbaltic.eu/), or a website directly linked from it, on 2021-11-08, 2023-01-12 and 2024-03-08.

The financial data featured in keep.eu for this programme, it's projects and its partners is not exact and should be taken as a reference only.

Languages

Contact Form

Talsinki Metropolitan Incubation

Description

Thematic information

Partners (5)

Partners map

Summary

Information regarding the data in keep.eu on the programme financing this project

Disclaimer