Financial Advisory for Public Measures
AIRE (AI & Robotics Estonia) offers financial advisory services to industrial companies to help them secure additional funding through public measures. Our goal is to guide companies through various public sector funding opportunities and identify the most suitable rounds for significant projects. This service provides companies with a great opportunity to find appropriate funding conditions and select the right measures.
Although industrial companies can apply for various grants on their own, finding and choosing the right ones can often be challenging. Each innovative product or service is managed by a different consultant from different institutions, and with the plethora of available measures, getting familiar with and matching them to your needs is a time-consuming task.
AIRE collaborates with Tehnopol Science Park, Enterprise Estonia and KredEx’s joint venture (EIS), the Estonian Research Council (ETAG), the European Institute of Innovation and Technology (EIT), the Environmental Investment Centre (KIK), the European Commission (EC), and the Enterprise Europe Network (EEN) to offer the best selection of all funding measures and direct companies to the appropriate funders based on their digital maturity and level of automation. The more AIRE services a company has utilized, the better the portfolio of reports supporting their success in obtaining funding. If it turns out that a company is not yet mature enough to join AIRE’s services, we will direct them to measures and services that enhance digital maturity and expect them to come back soon.
The financial advisory service also supports companies in transitioning from one AIRE service to another, assists in forming teams needed for demo project rounds, and aids in application submission.
The services of the Artificial Intelligence and Robotics Center AIRE are aimed at small to medium-sized industrial enterprises (SMEs) with up to 499 employees and turnover of up to 100 million. We can serve a limited number of large local companies (with up to 2999 employees), making up to 10% of our clients. For large local companies that are part of an international group, the group’s total numbers are combined globally.
The financial advisory service is recorded for the company as de minimis aid, with a one-time rate of 800 EUR per usage. The service can be used as many times as needed. Participation in AIRE services requires completion of IMECC OÜ’s digital maturity assessment at 600 EUR (de minimis aid). During the AIRE project, digital maturity assessment for the company will be conducted annually over a three-year period.
Contact: Reet Pärgmäe
Email: reet.pargmae@taltech.ee
Phone: +3725138868
Financial Advisory for Private Capital
Developing a business, competing in international markets and creating artificial intelligence solutions require substantial financial resources. The ongoing global crises have made access to funding more difficult, while staying competitive already requires investment in digitalisation and innovation-related activities. AIRE invites managers, CFOs and development managers from industrial and manufacturing companies, as well as other sectors, to advisory sessions that can help them access private financing on terms suited to their needs and achieve faster growth.
Who are our services for?
The services of the AI & Robotics Estonia AIRE are targeted for industrial companies with up to 2,999 employees (across the group). Companies that meet these criteria can use the services with 100% state aid support (de minimis aid and/or Article 28). Other companies can access the services at the price-list rate.
Raising private capital
The financing needed to accelerate business development does not have to come solely from equity, bank loans or public support schemes. One possible option is to raise capital through private equity investments. The most important prerequisite for raising private capital is having an existing proprietary product or the ambition to develop one.
Who provides the advisory services?
The advisory services are provided by mentors from Tehnopol Science and Business Park, whose experience in advising companies on raising capital can be measured in millions of euros.
What does private capital advisory include?
The one-off financing advisory service includes online consultation, a company visit if necessary, and the preparation of a report on available financing measures. Where necessary, companies can register for a more extensive service.
The price of the private capital advisory service is EUR 880 under the state aid scheme (de minimis aid; Article 28).
Contact: Rauno Varblas
Email: rauno.varblas@tehnopol.ee
