According to the CEO of the Development Fund, Ott Pärna, SeedBooster will be established with the aim of realising the business potential of many Estonian start-up companies. "We currently see really interesting business ideas and solutions, however, launching them globally and priming them until they are mature for venture capital financing requires collaborative thinking, consistent purposeful work and contacts in foreign markets. The Development Fund has a lot to offer in this area owing to its international expert committee and prior experience derived from working with other projects and that of its investment experts, and this is exactly what we will be doing through SeedBooster," Pärna said.

SeedBooster is a virtual incubator that will offer support through guidance and action, but unlike traditional technology and entrepreneurship incubators it will provide neither rental space nor technical support services. SeedBooster will house a company up to a period of one year in the course of which all forces will be joined to develop the project further until it is mature for investment. Whether an investment will be made by the Development Fund or a private investor or whether it will be a joint investment - should the project turn out to be a success - is not a determining factor.

Potential clients of SeedBooster are companies operating or planning to operate in Estonia that show a promise of fast international growth and willingness to fully contribute to the success of the project.

The first companies to join SeedBooster are the DIY website platform developer, Edicy, run by Tõnu Runnel, the developer of