{"id":113874,"date":"2022-01-26T08:20:55","date_gmt":"2022-01-26T06:20:55","guid":{"rendered":"https:\/\/www.tehnopol.ee\/?p=113874"},"modified":"2022-01-27T13:22:10","modified_gmt":"2022-01-27T11:22:10","slug":"the-estonian-state-is-investing-more-than-half-a-million-euros-in-making-businesses-more-competitive","status":"publish","type":"post","link":"https:\/\/www.tehnopol.ee\/en\/the-estonian-state-is-investing-more-than-half-a-million-euros-in-making-businesses-more-competitive\/","title":{"rendered":"The Estonian state is investing more than half a million euros in making businesses more competitive"},"content":{"rendered":"
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From the left: Indrek Orav, Andres Sutt, Martin Goro\u0161ko<\/em><\/figcaption><\/figure>\n\n\n\n

Tehnopol Science and Business Park is joining with the Ministry of Economic Affairs and Communications to create an Artificial Intelligence or AI development programme designed to make manufacturing and data-intensive businesses better able to climb up the value chain.<\/strong><\/p>\n\n\n\n

\u201cCreating solutions that use artificial intelligence is not just a playground for global businesses like Facebook, Amazon and Google, it is an ever-increasing area of technology that can improve working processes if it is applied smartly, and can help develop products with higher value-added for all businesses that use data to any degree in their business models,\u201d explained the Minister for Entrepreneurship and Information Technology, Andres Sutt. \u201cDelaying too long in introducing new technology weakens not only businesses themselves, but also the competitiveness of the Estonian economy as a whole. This is why it is important for state support to remove obstacles in the market and accelerate the introduction of artificial intelligence\u201d.<\/p>\n\n\n\n

Introducing artificial intelligence solutions is capital intensive and requires specialised knowledge of the field, and this has placed barriers in its way. The lack of early phase investment also holds back creators of artificial intelligence and so they are often not able to bring their solutions to market. One of the goals of the Tehnopol AI development programme is to change this around and to support businesses that want to use AI in their own processes.<\/p>\n\n\n\n

To do this, Tehnopol is organising two bootcamps, setting up an AI accelerator, and giving financial support to 6-8 artificial intelligence pilot projects. In total the Estonian state is investing some 600,000 euros in the Tehnopol AI programme.\u00a0\u00a0<\/strong><\/p>\n\n\n\n