Business plans
Get business development support from Enterprise Estonia (EAS)
and other support systems in Estonia:
Your next step to scaling up!
Financing for the purchase of modern equipment.
Covering the costs of renting industrial premises.
Funding for attracting new experts to the team.
Digital solutions for complete sales automation.
Entering European export markets and scaling up.
Covering all marketing and advertising costs.
Together with you on the business path
Successful development of a growing company requires support and investment.
We help you set strategic goals that foster sustainable development and advise on international talent acquisition and financing. Find the solution among our services that will take your company to the next level.
Financing
for the development
of your business
When business requires ever-increasing investment, we help open up new opportunities
for entrepreneurs and small businesses.
We offer professional business plan development and financial forecasting that meets strict investor criteria, so you can focus on strategy.
Guaranteeing the success
of your project
Answers to frequently asked questions
For start-up entrepreneurs (and businesses up to three years old). Legal entities may own up to 25 percent of the shares. In the case of full-time employment, fewer than 10 people are employed under an employment contract. Sales revenue for the financial year immediately preceding the financial year in which the application was submitted was €40,000 or less. Sales volume for the financial year in which the application is submitted is €40,000 or less as of the end of the quarter.
A person holding a share in a company must not have owned or held a share in a company operating in the same field as the applicant or been active in the same field as the applicant within the 12 months preceding the application. A board member may not have held a share in another company operating in the same field as the applicant within the 12 months preceding the application and may not be a board member of another company operating in the same field as the applicant.
We help prepare the following documents for a preliminary consultation:
Business plan and financial projections. Executive summaries (shareholders and board members).
Any other documents and appendices to the business plan, including price proposals. The District Development Center's preliminary consultation consultant will prepare a digitally signed assessment within 30 days of the submission of the above documents.
This assessment confirms the completion of the preliminary consultations.
After completing the preliminary consultation, you can submit an application through the online support system. In addition to the application, you must provide the following documents:
Preliminary assessment (signed electronically by a District Development Center employee).
Business plan and financial forecasts. Balance sheet and income statement for the quarter immediately preceding the application (if the company is inactive, the balance sheet is zero). Resumes (shareholders and board members) Sample power of attorney (if the person signing the application is not an authorized representative of the applicant).
The final decision on project funding is made by the EIS. Applications will be processed within 20 working days from the date of submission. The application evaluation criteria and their weighting in the overall score are as follows: 35% - The project's compliance with the sector development plans, its impact on achieving the specific objective of the operational plan and the objectives of the measure. 20% - Project justification. 15% - Project economic efficiency. 20% - The grant applicant's ability to implement the project (which in turn is divided into: 50% - the applicant's financial capacity and risk management skills; 50% - the competence of the applicant's team). 10% - The project's compliance with the main principles and objectives of the Estonia 2035 programme.
The grant recipient must submit an interim report in the electronic grant system. The interim report must be submitted within four months of the grant award decision.
The interim report must demonstrate the creation of one full-time job within three months of the grant award decision. An employment contract signed by both parties must be provided.
Extract from the Employment Register (TÖR): (can be obtained from the electronic service of the Tax and Customs Administration) for the vacancy corresponding to this employment contract.
More detailed information on employment registration can be found on the Tax and Customs Administration website. After the interim report is approved, the first installment of the grant (€15,000) will be paid. If no jobs are created, the grant will not be paid.
The grant recipient must submit a final report in the electronic grant system. The final report must be submitted within 30 calendar days of the end of the project's eligibility period. The final report must demonstrate that at least the applicable minimum wage was paid for each job created and that the growth potential was realized. An employment contract signed by both parties must be provided (if already submitted with the interim report, it is not required to be resubmitted).
Submit profit and loss reports (confirmation of sales revenue generated
by the project's activities in the second year of implementation). Once the final report is approved, the second instalment of the grant (€5,000) will be disbursed.
Strategies for New Business Horizons
Creating the future of business requires the energy of action and full responsibility for the outcome.
It's the freedom to experiment and take calculated risks for the sake of breakthroughs.
Every business plan is based on precise economic impact and impeccable resource management, with your company's interests always at the forefront.
We will prepare a business plan and all necessary documents for you, creating a solid foundation for obtaining a grant and reaching
new development horizons.
Business plan with a "Start" button
By ordering a business plan from our agency, you receive not only assistance in preparing the necessary documents and financial forecasts. We also handle all subsequent marketing support and digital promotion of your company.