Head Capital signed a cooperation agreement with the Innovation and Entrepreneurship Center MEKTORY

On Monday, March the 20th, the CEO of Head Capital Group Veikko Maripuu and the Vice-Rector of Innovation and Entrepreneurship of Tallinn University of Technology Tea Varrak signed a cooperation agreement, which main goals are to provide startups with private sector experience, to stimulate the economy and to strengthen their mutual relations.

Mektory brings together entrepreneurs, scientists, students, professors, schoolchildren and investors to generate innovative ideas and bring them to life as a team. Head Capital is mostly connected to TTU Mektory Youth Entrepreneurship Ecosystem, which include youth program „Bright Minds“, pre-incubation program „STARTERtech“, startup competitions and incubation activities, such as possibilities to meet and get introduced with investors, funds, and international delegations.

This cooperation agreement is to support the development of new and fresh business ideas and therefore improves competitiveness of the Estonian economy. It also provides students with professional advice and strengthens the collaboration between students, businesses and the university.

The Chancellor of Estonian Ministry of Education and Research Tea Varrak says that cooperating with enterprises makes us stronger internationally, which is precisely what Estonia needs.

Veikko Maripuu urged to sign the partnership agreement with Mektory on a clear understanding of the need to encourage entrepreneurial thinking and support innovation. “We want to collaborate, to find new entrepreneurs together, reinforce their skills and prospective, to openly notify when a young entrepreneur’s business idea will not work out, but also constantly encourage them to come up with new business ideas and initiatives, as one of the most important characteristic of an entrepreneur is commitment.”