Hey, Ebsters! What’s new today?
Did you know how many companies have started from EBS? Me neither, but there’s definitely a lot of them. I thought I’d find out and share it with you as well.
Firstly, I’ve chosen 5 companies from very different fields. I’m sure you’ve all heard of them before but would you have ever thought it could be one of your schoolmate’s company?
Here they are…
Wolf3D is an Estonian company founded in 2014 that brings people to the virtual world through 3D-scanning.
Childhood friends from Pärnu, Haver Järveoja and Timmu Tõke (both EBS alumni), created the firm which develops people’s 3D scanning software in a rapid pace. Wolf3D started by building hardware-based 3D scanning booths. Today, the company has built a smartphone application that creates a 3D avatar of anyone in the world, allowing people to enter the virtual world.
They participated in the ERM Finno-Ugric and Estonian permanent exhibition as a subcontractor. The public pronouncement meant it would be a long-term project which was put into action in 2014. “At the same time, we were developing Wolf3D products but they were in need of investment,” says Product Manager Haver Järveoja. (https://www.investly.co/et/blogi/wolf3d-edulugu-arvete-muuk)
The company was featured within the TOP 10 most successful equity crowdfunding campaigns in the US by New York Times. (https://www.nytimes.com/2017/01/24/business/dealbook/crowdfunding-fraud-investing-startups.html)
If game developers catch on to Wolfprint’s innovative ideas then there’s a future possibility to give your game character your own face. (geenius.ee)
The company has caught the eye of several big publications such as TechCrunch, Business Insider, Reuters, CNBC, Daily Mail etc. (tele2.ee)
In April 2018, the company is launching a consumer augmented reality (AR) app called Fable to empower a new generation of storytellers. Create an avatar and use a selection of animations to send messages, express emotions and create fun videos for social media.
‘‘Veriff is the new standard in identity verification, we allow any website or mobile application to verify your ID in minutes.’’
The Estonian start-up Veriff promises to provide the world’s safest identification service.
The Estonian Parliament passed a new money laundering and anti-terrorism law. Thanks to that, e-residents do not need to physically come to Estonia to open a bank account. However, to open one, the bank still needs to identify the customer. Fortunately, Veriff was born and the founders dare to claim that their service is the safest in the world.
“One of the problems of e-residency was opening a bank account, everything else could be done at a distance. If you were an e-resident from Australia, you still needed to meet face-to-face with the teller in order for them to identify you. Our job was to find out and show the authorities that people could be identified at a distance as well,” says Veriff’s CEO Kaarel Kotkas (who studies at EBS) in an interview given to Geenius.
To identify themselves, the client must first use their ID or e-residency card. Next, they must take a photo of themselves and their document using a webcam. After sending in the photos, an employee at Veriff and a smart algorithm both compare the photos. If a client doesn’t pass the automatic control or they have additional questions, a Veriff employee will conduct a video interview with them.
“In addition to people, we use a background algorithm which checks the information from different databases. The automatic system makes sure that the provided document is valid and whether the person is competent. In Estonia, we have access to several countries’ national databases which information we can use to ask the client control questions to make sure the person in front of the camera really is who they say they are,” adds Kotkas. (geenius.ee)
Young entrepreneur Gert-Kristjan Rungi (EBS alumni) single-handedly founded GKR Brands that has become the fourth biggest water and refreshment drinks seller in Estonia.
Why did he decide to bring Vitamin Well to Estonia? It appeared that there weren’t that many manufacturers of these types of drinks in the world. Rungi contacted the Swedish Vitamin Well manufacturer in early 2012 and they started doing business together in May of the same year. Since he was so young back then, he emphasised how strong his partners were when beginning the collaboration. (majandus24.postimees.ee)
What is Vitamin Well?
Vitamin Well is a Swedish enterprise which develops, produces and sells vitamin and mineral enriched drinks, each with their own function. Vitamin Well is a healthy alternative to lemonades, juices and other still drinks.
Why did we start?
Vitamin Well was launched in 2008, due to the lack of healthy alternatives on the Swedish market. We got inspired by the Asian and American drink market and created a vitamin drink. Since 2008, we’ve been actively developing our selection and created more functional drinks. (vitaminwell.ee)
In addition to Vitamin Well, you can find brands such as Fruuti, Mana, BioMari, Arizona IceTea, Nocco, RiRi, Mokai, Barebells etc in our selection.
Nobenaps operates by wholesaling alcohol to restaurants, bars and shops. The idea was born due to the popularity boost of organic products amongst people and, of course, the lack of strong organic liquor. It’s an eco-labelled flavoured vodka which offers a memorable taste experience.
Nobenaps differs from most of the flavoured vodka and liquor manufacturers by using 100% organic Estonian produce and by its natural and pure taste.
“Nobenaps” is a selection of flavoured vodkas, of which the first notable one is a blackcurrant-peppermint vodka that’s made of local organic grain alcohol and Estonian naturally grown berries. There are no added stabilisers, preservatives nor artificial colouring, taste or scent. The purity and balance of the taste and a long-lasting aftertaste come naturally by using organic products. As a sweetener we use organic Estonian honey.
Nobenaps OÜ is a part of the Estonian Chamber of Commerce and Industry. (http://nobenaps.ee/ee/)
EBS alumnus Anett Kulbin and EBS student Indrek Jõe are amongst the founders.
‘‘ŠIKK IS A BALANCED COMBINATION OF CRAFT AND NATURE.’’
It all began when two good friends, both into crafting, decided to start making handmade bow ties out of fabric. Since fabric bow ties became popular and every other person figured out how to make them, the boys decided they’d try a new approach. The new ties were made of wood and they looked better than ever. These literally chic (‘šikk’ in Estonian) bow ties are a unique combination of craft and nature, making the wearer stand out of the crowd. The bow ties are available in two different sizes, making them suitable for bigger and smaller collars. (hedonist.ee)
Šikk is much more than just an accessory – it’s a chance to become a legend. The founders see wood as a unique material and when working with it, the opportunities are endless. We guarantee that every Šikk is unique and will bring out the individuality of the wearer. (wearsikk.com)
Kristjan Oro, an EBS alumnus, is one of the founders.
to be continued…
Editor: Kärt Mättikas
Translator: Triin Tikk