Tallinn has been awarded the CEE Smart Cities Mobility Index Recognition Award, highlighting its innovative approach to urban mobility and sustainable transportation solutions.
Over the past nine months, Estonia’s tech scene has been buzzing with activity—turnovers rising, investments booming, and acquisitions shaking things up. But don’t just take our word for it, the numbers speak for themselves. We’ve been digging into the data (and no, not just to make pretty charts), refining our insights, and broadening the scope to give you a clear snapshot of where the Estonian startup sector stands as of Q3 2024.
The 2024 edition of the IMD Smart City Index has seen Tallinn make significant progress, positioning it as a city on the rise. The index, produced in partnership with the World Smart Sustainable Cities Organization (WeGO), evaluates 142 cities globally on factors such as openness, innovation, inclusivity, and sustainability.
Tallinn's startup ecosystem has demonstrated remarkable resilience and adaptability in 2024, achieving new revenue records despite challenging economic conditions. According to Startup Estonia, Estonian startups surpassed €2.7 billion in revenue during the first three quarters of 2024, marking a 10% year-over-year growth.