Incap Estonia Named Foreign Investor of Year at 2022 Entrepreneurship Awards

Reading time ( words)

Incap Electronics Estonia was named The Foreign Investor of The Year at the Estonian Business and Innovation Agency (EAS) and the Confederation of Estonian Employers Annual Entrepreneurship Awards Ceremony. An Entrepreneurship Award is the highest national recognition for businesses in Estonia.

Greg Grace, Managing Director of Incap Electronics Estonia, stated that the company appreciates the acknowledgment. “We are honoured to be recognised with the award and thank the judging panel. Despite a challenging global business environment and supply chain challenges, we have performed well and are upgrading our production facilities to respond to the growing market demand. I would like to thank our partners and the amazing team at Incap Estonia. We wouldn’t have succeeded without you,” he added.

Chairman of the jury and head of the joint institution of EAS and KredEx, Lauri Lugna, commented that one of the reasons why Incap won the foreign investor category was that the company is a leader and advocate of the entire sector. "Incap has made considerable investments in Estonia over the years and also continuously invested in young talents, in the development of the region and in innovation, green and digital revolution," said Lugna.

Kristi Tiivas, Chairman of The Supervisory Board at EAS added: “This company is clearly looking into the future, but soon also to the Moon. Their priority is to contribute to green technology, for example they have a role in the production of light electric vehicles and solar cars. Besides all this, they contribute significantly to the local community as well as to the generation of young capable professionals.”

Organised by the Estonian Business and Innovation Agency and the Confederation of Estonian Employers, the entrepreneurship competition with the longest history in Estonia took place for the 27th time this year. The competition recognised Estonian companies that, despite challenges, have achieved success through ingenuity and consistent work. The Foreign Investors category specifically recognises enterprises that have shares held by international investors, are active in Estonia, and have made an important investment in the last three years.

The Entrepreneurship Award followed a two-phase application process. In the first phase, candidates submitted their financial data and arguments for winning their selected category. After the first phase, a TOP 10 ranking was drawn up and visitations were arranged with the selected enterprises to specify their accomplishments according to the statute. On this basis, three nominees in each category were shortlisted and submitted to the Entrepreneurship Awards 2022 jury to select the winner of each category.


Suggested Items

New Growth Opportunities Worldwide for BTU

10/26/2022 | Nolan Johnson, I-Connect007
It’s not just automotive and medical devices for which capital equipment manufacturers like BTU International are finding a market. It’s also not just domestic. Bob Bouchard says his company has seen an uptick in sales after the pandemic into more “purpose-built” equipment with sophisticated requirements and very tight process control. It’s meant an increase in sales staff as well. It’s encouraging news ahead of BTU International’s exhibit at SMTA International next week.

The CMMC 2.0 Countdown: Will You Be Ready When the Clock Hits Zero?

08/16/2022 | Divyash Patel, MX2 Technology
If you influence IT decisions at your workplace, you need to hear this. If you make the decisions, you need to listen, not just hear: Unless you start acting on CMMC compliance now, you are putting yourself at a disadvantage—one that will take much more time to correct than you might expect. Think of me as a spokesperson for the industry I represent: we are concerned about you. From what I’ve heard and seen over the last few months, too many of you are listening to suppliers, upstream and downstream partners, or other business owners on how seriously to take CMMC. As a result, far too much wishful thinking is guiding decision-making. So, listen to the experts.

Business Email Compromise: The $43 Billion Scam

08/10/2022 | Federal Bureau of Investigation
Business email compromise/email account compromise (BEC/EAC) is a sophisticated scam that targets both businesses and individuals who perform legitimate transfer-of-funds requests. The scam is frequently carried out when an individual compromises legitimate business or personal email accounts through social engineering or computer intrusion to conduct unauthorized transfers of funds. The scam is not always associated with a transfer-of-funds request. One variation involves compromising legitimate business email accounts and requesting employees’ Personally Identifiable Information, Wage and Tax Statement (W-2) forms, or even crypto currency wallets.

Copyright © 2022 I-Connect007 | IPC Publishing Group Inc. All rights reserved.