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Wednesday, 24.04.2024, 09:36
Former Skype's Estonian head becomes "residing entrepreneur" in state Development Fund
BC, Tallinn, 03.04.2014.
Print version
Print versionFormer Skype's Estonian office head Tiit Paananen started working this week as a "residing businessman" in the state-owned Development Fund, LETA/Postimees Online reports.
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Paananen headed Skype's Estonian office till last autumn. As the residing entrepreneur, he will help understand better the needs of start-up companies, launch the Startup Estonia programme and evaluate the possible investments of the fund's subsidiary SmartCap.
The role of a residing entrepreneur is widespread in U.S. risk capital companies but in Estonia, such a position was created for the first time.
Paananen joins the Development Fund for 6-9 months, contributing a half of his time for the work while continuing to work in the technology sphere as an entrepreneur.
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