Pioneers’ 5th anniversary edition
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     On 24th of May, the famous Pioneers Festival is to open again for the international community of startuppers and tech innovators in Vienna, Austria. As usually, the event will be held at Hofburg Imperial Palace and welcome around 2500 brightest and the most outstanding personalities from more than 100 countries. Within its 5th special anniversary edition, Pioneers Festival introduces new selection rules to make sure that only top quality startups, corporates, and investors will be present at the meetup: for the first time, potential participants need to apply for the event. Pioneers’ founders Andreas Tschas and Jürgen Furian…

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Estonian ecosystem impresses again: $6.25 million raised by startup Testlio
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     Last week a Tallinn-based startup, known as Testlio, shared great news about their Series A investment round equal to $6.25 million! Vertex Ventures and Altos Ventures from California are leading this amazing deal.      Founded in 2012 by Kristel Viidik and Marko Kruustük, Testlio unites an international group of experienced QA professionals who work together on software testing. The interesting fact is Testlio is an already profitable company with a 500% growth rate, so the Series A might be not as essential as it usually is for most startup companies. According to Testilo’s CEO Kristel Viidik, the…

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Romania is up to becoming Europe’s Silicon Valley
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     Recently, Techcrunch noted a remarkable progress in terms of tech and business development made by Romania, which gives one of the CEE and post-USSR countries a very promising forecast soon to become the top entrepreneurial hub in the region. Romania possesses an exceptional reputation of the hotbed for tech companies, majoring in outsourcing and software development. In addition, the local startup ecosystem is booming: over 300 startups, 600 incubators and angel investors are reported to be present in Romanian Startups database.      As for the startup culture, Romania has several projects to be proud of: Vector Watch…

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Explore business opportunities in Europe: Vienna vs. Vilnius
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     Look at the map of European startup hubs and you will see a dense network of micro-ecosystems, each offering different facilities in terms of the new project launch, scaling up and investment activity. Whether you start your first business or look for new destinations to expand, it’s always worth making the right decision basing on the whole specter of local opportunities that might be interesting particularly to you. In this article, we try to compare two contrasting hubs: Vilnius – fastest growing startup ecosystem – and Vienna – admittedly the perfect place to live in. Have a look…

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Several startups likely to notify Polish startup scene
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     The new office of Google Campus in Warsaw was the topic of wild discussions in 2015: people believe in the great range of magnificent opportunities such a world famous complex can bring to the local startup scene, and to the whole CEE region. For years, Polish startup and entrepreneurship community has proved to possess a very promising business potential and an open mind to cooperation. To have a closer look at the current state of startup development in Poland here is a short review of six startups about to contribute to the progress Poland makes this year. 1. KoalaMetrics…

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How to turn post-USSR territories into Silicon Valley
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      American west coast became a definite model of the perfect entrepreneurship ecosystem for the whole world a long time ago. The most ambitious developers run away to California in hope of settling their startup in the Silicon Valley and then going global. The biggest concentration of investors, venture funds and startuppers alongside with obvious proofs of their success – billion-dollar exits, so-called unicorns and world-famous brands – all this is about the Silicon Valley. All the other ecosystems are often trying to copy that American business spot, European countries always compare their achievements with those belonging to…

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Investing in emerging startup ecosystems
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     Emerging economies are believed to possess a great development potential and are proved to have much higher rates of economic growth in comparison with the developed world of the USA and Western Europe for example, where most of the major economic achievements were made years before. Those promising ecosystems, which are being built almost from scratch, attract more and more investors from abroad, who see there an alternative business space in terms of tough competition with venture funds, angels and other capitalists in the saturated markets of West. CEE region is one of those new presumably perspective spots…

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Building Startup Ecosystem of Central and Eastern Europe
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      This is the topic of one of the panel discussions held during #SWITCH 2015 and coordinated by VCEE Startups. The discussion covered a rather hot issue provided that in recent years we have seen a very promising business potential in the region which is being unequally developed from country to country. It means that all the communities should unite and exchange their best practices in order to create a well-functioning ecosystem. Four qualified business professionals from Norway, Poland, Estonia, and Israel shared their views and former practices in building a startup ecosystem.      The discussion was moderated…

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Central European Startup Awards Grand Finale
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This is the closing part of the great event organized in order to encourage further cooperation among the startup ecosystems in Eastern Europe. Here you will have a chance to see the finalists of a startup competition coming from 10 CEE countries and have a look at the future participants who will present their projects during the meeting in front of numerous experts and investors. Use this wonderful opportunity to participate in exciting networking sessions, feel real entrepreneurship spirit and meet the representatives of several prestigious startup communities like Startup Poland, Impact Hub and many others.

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Vilnius Tech Park opening might be delayed
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     Lithuanian startup ecosystem and even entrepreneurship communities in the neighboring countries are all passionately looking forward to the launch of Vilnius Tech Park, the biggest startup campus in the Baltics to open at the beginning of 2016. This new hub is going to occupy a huge working space of more than 8000 sq. m. in Sapiega Park right next to Vilnius Old Town and get quartered in the 19th-century building of Sapiega Hospital being under renovation for one year already. Unfortunately, at the moment the construction works are stopped by Vilnius city authorities’ order, which puts the whole project…

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