Estonian start-up stories by Toivo Tänavsuu
It’s something that a number of people have thought of. But in February, a group of people met at the Garage48 public services design competition and actually did it – visualized the Republic of Estonia’s budget.
Coloured spheres that open on MeieRaha.eu shows the structure and proportion of the revenue and expenditures in the state budget. The MeieRaha.eu page not only shows where the state earns its money and what it spends it on. It is also possible, in an entertainment-oriented yet very business-like fashion, to “play around” with various revenue and spending items to get an idea of how they affects budget balance.
The winner of the Garage48 public services competition 112 Mobile allows emergency calls to be placed without calling the dispatcher centre. The new service is characteristic of a trend toward more innovative solutions in emergency response centres and in the area of administration of the Ministry of the Interior in general.
The prototype for the 112 Mobile service was developed by a five-member team comprised of Maarja Mõtus, Mihkel Güsson, Jens Kasemets, Tanel Ainla and Steve Perkson. The service consists of an alternative to calling an emergency dispatcher – now visually and hearing impaired people can also get help by sending a message to the emergency centre or pressing a big red “panic button”.
Born and bred in Estonia, the British start-up Transferwise exchanges pounds and euros at a rate a cut better than that of banks. Dubbed the “Skype of currency exchange”, the company is now trying to make inroads on the US market, where the US dollar, still the world’s favourite safe haven, promises to increase business volumes explosively.
One of the founders of the start-up, a former key figure in Skype, angel investor and “citizen of the world”, Taavet Hinrikus (pictured below) says that Transferwise will bring lower prices and greater transparency to the world of currency exchange.
The way it works is simple. If you want to exchange, say, 1000 euros into pounds sterling at a favourable rate, just visit the site, register as a user and enter your request. Then transfer the money to the Transferwise deposit account. The company will pair another user who wants to exchange money with you.
The top prize at the Helsinki Garage48 start-up project competition went to LapLab – a Web application for amateur race car drivers that allows them to improve their best lap times and car configurations. While undoubtedly a niche product – there might be only five million users in the world – LapLab will hopefully hit the markets this spring.
The originator of the idea is Sven Tiirusson. A veteran figure in car racing circles who is no longer involved in the project, considers the prospects of LapLab being very good.
Lap times are key in the world of track racing. Consistently fast lap times are the sine qua non. There are a number of possibilities to do so. For instance, to just be a talented driver and own a fast car. Or make a car even faster, which is the most expensive way. The easier path is to simply drive and practice.
The latest Tartu ski marathon saw a fresh new start-up called TrackLog make its debut. GPS devices were attached to 20 skiers to track their progress in real time.
TrackLog, spawned by Kalle Volkov (pictured) and Peeter Mõtsküla, bills itself as a use-friendly tracking platform aimed at outdoor event organizers. The service consists of SIM-card-based GPS devices that can be hired, and a Web environment that allows the organizers and spectators to track the competitors in real time. The events can be experienced more vicariously – gone are the days when the spectators were clustered only at the start and finish, in the dark about how the race was progressing. Now it is also possible to replay the action, as the data is saved. Read the rest of this entry »
The brothers Kaur and Kaspar Kallas have developed, together with the USA camera producer, Silicon Imaging, probably the world’s first stereoscopic video camera that is able to record a three-dimensional image.
This wonder gadget has already drawn the attention of many of the world’s top directors, including James Cameron and Werner Herzog who used it for shooting his latest documentary last summer.
The Kallas brothers have successfully busted the myth according to which the making of a 3D-film takes a truckload of special equipment, at least three technicians and that setting up a scene takes half a day.