The development and growth of high-tech enterprises in Estonia, Latvia, Finland region is often hindered by the low capability of companies to raise investments. Even though there are rather good national-level support systems for creating a new company, the difficulties arise once the company starts growing and thus needs additional funding/support to scaleup. One of the most effective ways to support the development and growth of high-tech startups is to start raising capital with angel investments. However, in the New Nordics, the cross-border investment activity is still low and there are too few active lead angels, who are willing to take up cross-border deals. Therefore lead angels are the foremost necessity for high-tech startups to raise funding. 

The main idea of the project is to stimulate cross-border investments in the region into high-tech startups by increasing the startups’ investment readiness and raising the overall investment knowledge within the sector and to build a strong united investment ecosystem between Finland, Estonia, and Latvia. To achieve this goal the project will organise training boot camps for startups and investment mentoring. The startups will be provided with international high-level meetings with investors, VC, and corporate partners.

To raise the availability of angel investment in the market for startups and scaleups the project will focus also on increasing the number and activity of lead investors and BAN members. Cross-border investing is also a focus of the project to support regional startups raising capital from international angel syndicates to have better cross-region scaling opportunities. In order to build a united strong investment ecosystem, the importance of building relations and sharing experience can not be underestimated. Therefore startups and investors will be taken to regional startup conferences and flagship events where special networking and pitching events will be carried out within the project.