According to Funderbeam Start up Investment Report, Estonia is third in Europe regarding the highest number of startups per capita. The average number in whole Europe is 5 startups per 100.000 people.
Estonia ranks 6x higher than the European average. There are 413 startups in Estonia. The number might seem small but compared to the population, it ends up as 31 startups per 100.000 inhabitants. This places Estonia third in Europe regarding the number of startups per capita - writes tallinn.ee.