Estonian Research Council – Startup Investor Profile

Estonian Research Council is a government agency that promotes research funding, development, and innovation systems for society.

Location: Tartu

Country:

Investment Regions: EU

Investment Stages: late-stage, pre-seed, seed, series-a

Website: https://etag.ee/en/

AI Reasoning: Searches on the Estonian Research Council (ETAg) website and related pages show ETAg primarily issues research grants and runs calls in 2024 and 2025 (e.g., Call 2024 with project start 1 Jan 2025, and Call 2025 open Feb-Mar 2025). I could not find evidence of ETAg making venture investments into startups or a specific startup investment more recent than January-March 2025 funding calls. The most recent documented funding activity identifiable was grants announced with project starts 1 Jan 2025 (e.g., starting grants awarded to researchers and teams) – the last clear funding action occurred more than 12 months prior to the evaluation date, so classify as not-active.

Not Active – No known investments in the last 12 months.

Low Activity – Only known investments between the last 12 and 6 months.

Active – Known investments between the last 6 and 3 months.

Very Active – Known investments in the last 3 months.