Estonia's economy offers key opportunities for companies in a number of sectors including ICT, electronics, machinery and metalworking, wood processing, logistics/transport and food. The R&D elements of these activities are supported by the country's 9 universities and 24 higher education colleges, which collectively provide a source of graduates, often fluent in English, Swedish, Russian, Finnish and German.
Additionally, Estonia is involved in some important developments in biotechnology. There are more than 300 biotech researchers at the country's key universities and institutes including the Estonia Biocenter, University of Tartu (molecular biology) and the Estonian Genome Center Foundation which carries a central health database of 1 million people.
Due to geographic proximity, the vibrant Scandinavia IT sector has had a positive impact on Estonia which has developed expertise in specialised markets such as office machinery assembly services and electronic equipment manufacture. Estonia boasts one of Europe's most modern telecommunications networks and a high degree of IT literacy and technology penetration. Estonians, like other Nordic peoples, are "early adopters" of technology and the size and compact nature of Estonia lends itself to an ideal and cost-effective test marketplace for new products.
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