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On November 1-4, Lisbon hosted Web Summit, one of the world’s biggest tech conferences. With the highest number of startups per capita in Europe, Estonia delivered a fantastic performance, both on the main stages and at the Digital Spirits side event.

Estonia has been setting records in the digital age since 2004. Back then, Estonia was the first country to allow our citizens to vote online. Now, we are attempting a new world record in setting up a company more quickly than ever at London Tech Week.

Electronics manufacturer Enics Estonia, the largest industrial company in South Estonia, believes that the keys to its success are Estonia’s superb location for sophisticated industrial manufacturing, a smart work force, and a safe and stable business environment.

With the most start-ups per capita in Europe, Estonia’s leaders are clearly on to something. Here’s what the Tartu University study found.