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1、May 2024Baltic Deep TechReport 2024Vaido MikheimDeep Tech Sector Project Lead“Deep Tech can play an important role in solving complex economic and societal problems,but its a long and bumpy road to positive impact.Our promise at Startup Estonia is to support Deep Tech startups in making a notable de

2、nt by providing a well-connected ecosystem and accessible resources.By the numbers,the Estonian DeepTech ecosystem is off to a promising start.Startup turnover growth in Q1 2024 showed a 38%increase over Q1 2023 whereas economic growth elsewhere is hard to find.Investments into the Deep Tech sector

3、in 2023 and Q1 2024 confirm a similar trend.Over 350M invested in Estonian Deep Tech companies validates investors focus and priorities.UniTartu Ventures,an investment and asset management company of the University of Tartu and NATO DIANA Accelerator are worth keeping an eye on.Oh,and dont worry,our

4、 Nordic aspirations havent disappeared,stay tuned for New*Nordic Deep*Tech Valley.*New and Deep are silent.”Kasparas JurgelionisManaging Partner Iron Wolf Capital“The Baltic region continues to beat the global trends,with the number of unicorns built in the Baltics or by the Baltic founders rising t

5、o 20,underscoring the exceptional talent and entrepreneurial spirit of its people.This years report highlights the thriving ecosystem of Deep Tech,AI,and Climate Tech startups.Investments are growing and the value created is growing even faster.Amazing companies are being built.This year,we also dec

6、ided to sharpen the focus and took time curating and analyzing a list of over 100 AI-first companies in the region that are building products at the forefront of technological advancements.I am proud to say that Iron Wolf Capital is committed to uniting Baltic talent in AI and Deep Tech,and to tripl