{"id":2714,"date":"2022-05-31T21:15:10","date_gmt":"2022-05-31T18:15:10","guid":{"rendered":"https:\/\/aire-edih.eu\/?p=2714"},"modified":"2023-04-17T21:27:50","modified_gmt":"2023-04-17T18:27:50","slug":"when-building-a-company-both-the-ability-to-learn-and-the-ability-to-adapt-are-put-to-the-test","status":"publish","type":"post","link":"https:\/\/aire-edih.eu\/en\/when-building-a-company-both-the-ability-to-learn-and-the-ability-to-adapt-are-put-to-the-test\/","title":{"rendered":"When building a company, both the ability to learn and the ability to adapt are put to the test"},"content":{"rendered":"<p style=\"text-align: left;\">What do you do if the company is in the growth phase and one of the financing options is the involvement of private capital?<\/p>\n<blockquote><p>There are several aspects and possible pitfalls, notes Mart Suurkask, CEO of AS Bercman Technologies, which creates smart city solutions, and shares his experiences on this topic. He notes that when growing a company, an entrepreneur goes through various stages of development very quickly, where the ability to learn and the ability to adapt are inevitably put to the test. &#8220;The saying, &#8216;the more I learn, the less I feel I know&#8217; also applies to growing as an entrepreneur,&#8221; Suurkask is convinced.<\/p><\/blockquote>\n<p style=\"text-align: left;\">If a company needs to involve private capital for growth, how to find the so-called right private capital for the company?<\/p>\n<blockquote><p>Every beginning is always difficult, and if possible, you should try to at least validate the business model or finance the prototype through yourself or your close family. From there, depending on the field of activity, it is reasonable to carry out a pre-seed investment round of angel investors, and this mainly to prepare the company for subsequent funding. Money is always invested in the company with conditions, and in order for early founders and owners to continue to act motivated in the future, at least basic knowledge of the risks and opportunities of raising money is needed. In Estonia, several accelerators are a good breeding ground for startups, which help with both training and additional investments. The rule of thumb could be that as long as you can try to manage yourself and if you are sure that accepting someone else&#8217;s money with the conditions is acceptable, move on to angel investors, funds and crowdfunding platforms. First North, a growth market operated by Nasdaq and created specifically for small and medium-sized companies, where the rules are slightly more lenient than the main market, may be suitable for start-up joint-stock companies to attract private capital.<\/p><\/blockquote>\n<p style=\"text-align: left;\">What have been important principles for you when involving private capital?<\/p>\n<blockquote><p>It has always been important to me that when raising capital, the investor in the company clearly understands what the company wants to achieve and also that this journey to reach the goals may not be easy. The most important thing is for the investor to understand that investing in the company&#8217;s development is definitely worth the journey, both financially and socially.<\/p><\/blockquote>\n<p style=\"text-align: left;\">If private capital is involved and the company is growing, what must be considered?<\/p>\n<blockquote><p>If the money has been raised and the company is moving towards growth, then the primary raising of capital has fulfilled the goal set in its initial phase, which could be a reason for satisfaction. On the other hand, the challenges of a growing entrepreneur in a new situation have changed and are related to the management of people, processes and finances. In order not to get into trouble, you need to find a team around you that can support you with advice and strength as the business grows.<\/p><\/blockquote>\n<h4 class=\"has-black-color has-text-color\" style=\"text-align: left;\">Commentary: Tehnopol and AIRE advise companies on financing<\/h4>\n<h6 class=\"has-black-color has-text-color\" style=\"text-align: left;\">Sven Illing, vice-rector of TalTech entrepreneurship and chairman of the Tehnopoli Council<\/h6>\n<p style=\"text-align: left;\">T\u00f6\u00f6stusettev\u00f5tte digitaliseerimiseks vajaliku finantseeringu saab katta omakapitali, pangalaenu, avaliku sektori toetusskeemi v\u00f5i erakapitali investeeringute toel. V\u00f5imalusi tundub olevat palju ja loodetavasti iga\u00fcks nende hulgast ka midagi leiab.<\/p>\n<p style=\"text-align: left;\">Erakapitali toel kasvamine sobib ennek\u00f5ike sellistele ettev\u00f5tetele, kellel on juba olemas oma toode v\u00f5i v\u00e4hemalt ambitsioon selle arendamiseks. EDIH AIRE raames pakub Tehnopol firmadele praktilist ja turup\u00f5hist n\u00f5ustamisteenust, kuidas ettev\u00f5ttesse t\u00e4iendavat kapitali tuua ja oma tegevust seel\u00e4bi laiendada. Tehnopol ja kaasatud eksperdid annavad t\u00f6\u00f6stusettev\u00f5tetele n\u00f5u, kuidas t\u00e4iendada oma \u00e4rimudelit, arendada toodet v\u00f5i teenust, hindame ja loome vastavalt vajadusele otsekontaktid erakapitali pakkujatega nii Eestis kui v\u00e4lismaal.<\/p>\n<p style=\"text-align: left;\">N\u00f5ustame, kuidas maandada erakapitali kaasamisega seonduvaid riske ning toetame kapitali kaasamise protsessi \u00f5igus- ja finantsvaldkonna professionaalide abiga. Ettev\u00f5tted saavad ennast n\u00f5ustamisele registreerida AIRE veebilehek\u00fcljel.<\/p>\n<p style=\"text-align: left;\">K\u00f5ikide ettev\u00f5tetega teeme esmakohtumise olukorra kaardistamiseks ning erakapitali kaasamise eelduste ja v\u00f5imaluste tuvastamiseks. Sellest tulenevalt jagame infot j\u00e4rgmiste praktiliste sammude kohta, kuidas erakapitali kaasamisega edasi liikuda.<\/p>\n<p>Artificial Intelligence and Robotics Center AIRE:<\/p>\n<ul>\n<li>AIRE is committed to increasing the competitiveness of Estonian industrial companies by supporting them in the introduction of artificial intelligence and robotics.<\/li>\n<li>AIRE supports the creation of industrial innovation by bringing together the knowledge of universities and the needs of companies.<\/li>\n<li>Together with universities and research institutions, knowledge from the fields of IT, engineering, robotics and electronics will be combined to create a platform for the development of digitization and automation for companies.<\/li>\n<li>Companies are offered the opportunity to use research and development laboratories and support in managing big data.<\/li>\n<li>The aim is to bring universities closer to industry through innovative special solutions for companies that cannot be found on the private market &#8211; be it testing of new technology or software, data analysis methods, cloud solutions, preventive maintenance or development of digital twins.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What do you do if the company is in the growth phase and one of the financing options is the involvement of private capital? There are several aspects and possible [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":2237,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":""},"categories":[95],"tags":[],"class_list":["post-2714","post","type-post","status-publish","has-post-thumbnail","hentry","category-other"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AIRE - When building a company, both the ability to learn and the ability to adapt are put to the test<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aire-edih.eu\/en\/when-building-a-company-both-the-ability-to-learn-and-the-ability-to-adapt-are-put-to-the-test\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AIRE - When building a company, both the ability to learn and the ability to adapt are put to the test\" \/>\n<meta property=\"og:description\" content=\"What do you do if the company is in the growth phase and one of the financing options is the involvement of private capital? 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