Edited by David Smallbone, Markku Virtanen and Arnis Sauka
Chapter 6: Is Estonia becoming a better home for ‘born globals’?
AbstractThe importance of innovative globalising high-tech small and medium-sized enterprises (SMEs) in the economy has grown particularly for small emerging countries because of the need for the balanced development of their innovation system, knowledge-based economy and society. Technology start-ups able to globalise from inception in the literature are called ‘born global’ (BG) companies. The chapter aims to study the internationalisation trajectories of BGs in the developing entrepreneurial ecosystem framework of the emerging knowledge economy. The author supposes that value system and networks of BGs are part of the general entrepreneurial ecosystem, and the factors leading to early internationalization are new market conditions, technological advantages and entrepreneurial learning. The three case study companies come from different fields: mobile payment _ Mobi Solutions; remote premises surveillance technology – Defendec; and smart pot and garden systems _ Click & Grow. The case studies demonstrate the different globalisation trajectories of start-ups depending on the maturity of the entrepreneurial ecosystem. The conclusion proposes that shortening the start-up period, increasing the number of success stories, and increasing the intensity of start-up creation indicate the maturity of the entrepreneurial ecosystem; and that the ecosystem itself has become more global than ever before.
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