President Karis added that since there is an app for almost everything, the digital sector must become more complex over time. “It must focus on deep tech and turn research into a viable business,” he suggested. “Research and innovation are the keys to real success, which I am sure is true of the digital sector today and will continue to be in the future.”
The head of state also highlighted the need to find ways of transferring digital economy knowledge to other areas of life so as to make use of them, for example, in coping with the impact of climate change.
President Karis invited the British investors in the audience to invest and start businesses in Estonia. “If you have yet to decide where to make your next investment, my country is the ideal place to do so,” he remarked. “Economic freedom and the extensive use of digital services mean that it is very easy to do business in Estonia. It has been a platform for the testing of many innovations – from digital signatures to start-ups which are known all over the world.”
Yesterday, President Karis opened a business seminar for British and Estonian entrepreneurs hosted at the offices of LHV. It was attended by such companies as Vegvisir Defensphere, Bioforce, Complok, GScan, BLRT, Roofit Solar, Nortal, Mifundo/Codelive and Chaga as well as representatives of the Defence Estonia Cluster, DefSecIntel Solutions and Enterprise Estonia/Kredex.
The head of state also delivered the opening address at the international risk capital and innovation conference Global Corporate Venturing Symposium before hosting a reception for around 100 Estonian entrepreneurs and British investors and partners.
