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24/7 Office is an unique, innovative and modern chain of co-working places in Tallinn, Estonia. 24/7 Office is designed to be a high-quality and modern working environment.

24/7 Office

Quality co-working & event space in Tallinn

Spring Hub

![city skyline during night time](https://images.unsplash.com/photo-1585314613151-8a769de203e7?ixlib=rb-4.0.3&ixid=M3wxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHx8fA%3D%3D&auto=format&fit=crop&w=1000&q=80)
 One of the most important milestones in the history of the Estonian ecosystem was the success of Skype, an app largely developed in Estonia. Skype’s founders used this exit windfall to support new successful Estonian startups such as Skycam, Teleport, and SpaceApe, to name a few. The Skype Mafia, as they are called, shows how big an impact one exit can have on the culture of an entire startup ecosystem. 

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 There have also been effective and aggressive marketing efforts by the Estonian public sector, the likes of which we have not seen anywhere else in the world. Examples of these include several innovative projects started in Estonia that are now being copied by dozens of governments around the world: Estonian E-residency, startup and digital nomad visas, and the branding of companies as completely digitized. These efforts result in national visibility and branding among digital nomads and small business owners in many developing countries, an impressive accomplishment for a country of less than 2 million inhabitants. 

 

 Estonia’s small population also means that startups are in strong competition for talent, and the public sector has the difficult task of providing the booming startup ecosystem with a steady influx of foreign workers. A significant portion of the Estonian working population is engaged in startups, with the top startups generating a majority of sector employment, highlighting the ongoing need to attract international talent. The Work in Estonia Program, launched by Estonia’s Government, aims to attract new IT specialists as well as talent in natural and exact sciences. Over the last 5 years the country has increased its attractiveness to foreigners enough to double its international talent pool. 

 

 Estonia has effectively established itself as a leader in IT, cybersecurity, transportation, and fintech, and the number of regional unicorns proves that Estonia has come a long way toward positioning itself as a startup driven economy. However, the country still has some challenges on its path to growth. First, Estonia should be forewarned that initiatives like e-residency and the nomad visa can attract lifestyle businesses to Estonia instead of startups that could expand globally or seek access to capital and potential clients. Second, the country should carefully transition from a development center, where companies from wealthier countries might come to develop startups (e.g. Skype, Playtech), to build its own locally sourced startups, especially considering that the cost of living in Estonia is growing in accordance with the country’s economic success. 

 

 In addition, the country has proved it can produce global success stories like Wise, Bolt, and Pipedrive. However, as the Wise transition to London has shown, one key challenge the country faces will be making sure its unicorns stay in the ecosystem instead of leaving for bigger startup hubs. Apart from the startup level success, Estonia is also where [Startup Wise Guys](https://startupwiseguys.com/) is headquartered, a global startup accelerator that has invested in more than 440 startups. Its portfolio includes Estonian success stories such as Bolt, Katana MRP, and Skeleton Technologies. 

 
 According to the Startup Estonia White Paper 2021-2027, the nation continues to support its growing startup ecosystem, is focused on growing the Estonian startup and technology sector to 15% of the nation's GDP by 2025, and is actively promoting an all-inclusive startup mindset. As the main governmental initiative for the Estonian ecosystem, Startup Estonia works on developing policies as well as promoting and strengthening startup infrastructure. Events such as [Latitude59](https://latitude59.ee/) further enable the country to continue to attract international attention and investment.

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