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Team

Tõnis Arro

tonis.arro[A]arengufond.ee
tel: +372 616 1100
Chairman

Tõnis Arro is the CEO of Estonian Development Fund from 2nd of April 2012

Madis Org

madis.org[A]arengufond.ee
skype: orgmadis
tel: +372 616 1071
Energy and Green Economy Foresight Expert

In the Development Fund Madis concentrates on both conducting the foresight as well as on coordinating pilot projects in the field of energy and green economy. Madis joined the foresight team in February 2012.
     
Energy and Green Economy Analyst

Irje analyses the current situation of energy and green economy and contributes to shaping the future trends at the Development Fund since January 2013.
Irje Möldre
     
Kristjan is the manager for Smart Specialisation research in Estonian Development Fund. The goal of this project is to find areas where there is the biggest potential for co-operation between entrepreneurs and scientists.
Kristjan Lepik
     
Martin Aadamsoo

Advisor to Chairman

Martin advises the Chairman to create and implement new strategy for EDF to increase entrepreneurship and start-up business growth in Estonia. Martin joined the team in 2012.
     

Mart Kikas

mart.kikas[A]arengufond.ee

Advisor to Chairman

Mart advises the Chairman to create and implement new strategy for EDF to increase entrepreneurship and start-up business growth in Estonia. Mart joined the team in 2012.

     
Merit Imala

merit.imala[A]arengufond.ee
skype: meritimala
tel: +372 616 1087
Interreg Project Manager

Merit Imala has 9 years of experience in the field of finance and technology. In Estonian Development Fund, Merit manages Interreg projects.

Administrative division

     
Cathy Reiljan

cathy.reiljan[A]arengufond.ee
skype: cathy.reiljan
tel: +372 616 1100
Assistant

Cathy is the key person for employees and customers in the Development Fund. Cathy joined the team in October 2010.
 
Külli Kalamäe

kulli.kalamae[A]smartcap.ee

Chief Accountant - Financial Manager

Külli works at the Development Fund as Chief Accountant - Financial Manager since December 2012. In addition Külli is responsible for the Development Fund's daughter company AS SmartCap's accounting and reporting.

Külli Kalamäe 

AS SmartCap

Heidi Kakko

heidi.kakko[A]smartcap.ee
skype: heidikakko
tel: +372 616 1085
CEO of AS SmartCap

Heidi leads the Investment Division by preparing the investments and developing the whole market. After a 14 year career in management and finance fields, she joined the Development Fund in December 2008.
     
Indrek Kelder

indrek.kelder[A]smartcap.ee
skype: indrekkelder
tel: +372 616 1083
Investment Manager

Indrek focuses on finding suitable innovative companies for investment for the Development Fund, analysing and managing portfolio companies. Indrek has worked at the Development Fund since September 2007.
     
Andrus Oks

andrus.oks[A]smartcap.ee
skype: andrus.oks
tel: +372 616 1082
Investment Manager

Andrus is managing several portfolio companies as well as looking for new investment opportunities. His interests lie in the IT related areas. Andrus has worked at the Development Fund since January 2009.
     

Stanislav Ivanov   

stanislav.ivanov[A]smartcap.ee 

skype: stass.ivanov
tel:
+372 616 1084

Investment Manager

Stanislav is involved with financial and technology analysis and evaluation of investment prospects, preparation of investment decisions and management of portfolio companies to ensure designed execution and growth. Stanislav joined the Development Fund in Fall of the 2010.
     



 
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News

Development Fund envisions in a new report the future of Estonia-India economic relations

30.05.2012 - Estonian Development Fund has published a foresight report titled “Estonia-India: The future of relations”. The report follows a yearlong foresight project to present opportunities for advancing mutual business and economic cooperation between the two countries.

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Foresight projects

Growth Vision 2018

What will the competitive Estonian economy look like and what are the ways to realise it

EST_IT@2018

ICT possibilities for supporting Estonian development

Service economy 2018

Possibilities for economic growth are hidden in services

Industry Engines 2018

Growth possibilities for Estonian manufacturing and the necessary steps for realising them