Objective

To recognise successful foreign and Estonian companies operating in Estonia that have made outstanding investments in business development, expansion and creation of higher added value in Estonia.

Who can apply?

We welcome applications from foreign-owned companies operating in Estonia, as well as Estonian companies that have made an investment of at least 10 million euros in Estonia in the last three years, which has led to a significant increase in turnover and jobs, and increased export capacity.

Evaluation criteria and process

The following economic indicators are evaluated (comprising 30% of the final result):

  1. Compound sales growth 2023-2025 (10%)
  2. Compound growth of value added per employee 2023-2025 (10%)
  3. Total investment in fixed assets and development of new production or service capacity created in Estonia 2023-2025 (10%)

The enterprise must show a significant achievement in the following areas over the last three years (comprising 70% of the final result):

  1. Creation of a new product, technology and/or industry in Estonia thanks to investments made. (30%)
  2. Number and description of new highly qualified and/or new added value jobs created as a result of the investments. (30%)
  3. The company collaborates with universities and/or researchers. (10%)

 

Value added per employee = (operating profit + expenditure + labour costs) / number of FTEs

Compounded growth = (2025 result / 2023 result) ^ (1/2) – 1