---
title: "An Estonian business idea competition offers a €150,000 prize"
id: "50479"
type: "post"
slug: "an-estonian-business-idea-competition-offers-a-e150000-prize"
published_at: "2020-10-28T13:33:46+00:00"
modified_at: "2020-10-28T14:34:00+00:00"
url: "https://estonianworld.com/business/an-estonian-business-idea-competition-offers-a-e150000-prize/"
markdown_url: "https://estonianworld.com/business/an-estonian-business-idea-competition-offers-a-e150000-prize.md"
excerpt: "An Estonian business idea competition, called Ajujaht (“Brain Hunt” in English), is offering €150,000 in prize money for development of new business ideas. According to […]"
taxonomy_category:
  - "Business"
publisher: "Estonian World"
language: "en-GB"
author: "Sten Hankewitz"
author_url: "https://estonianworld.com/author/stenhankewitz/"
---

# An Estonian business idea competition offers a €150,000 prize

![Image](https://estonianworld.com/wp-content/uploads/2020/10/Participants-at-Brain-Hunt-Ajujaht-1024x682.jpg)

Participants at Ajujaht (“Brain Hunt”) competition in 2019. Photo by Ajujaht.

By  [Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
  ·  October 28, 2020  · [Business](https://estonianworld.com/category/business/)
 · 1 minute of reading

### An Estonian business idea competition, called Ajujaht (“Brain Hunt” in English), is offering €150,000 in prize money for development of new business ideas.

According to Peeter Raudsepp, the head of Enterprise Estonia that initiated the competition, now may be the best time to start a business in Estonia.

“Opportunities for development and innovation are usually found in an economically difficult situation. Many sectors are waiting for fresh ideas to help them adapt to the new post-corona economies. It doesn’t matter if you are an experienced banking shark or an active student – it is never too early or too late to start a business,” Raudsepp said in a statement.

Over the past 13 years, Ajujaht has created companies that employ more than 700 people and who paid state and labour taxes in the amount of almost €9 million last year. Ajujaht alumni include companies like Bolt, Bikeep, Click & Grow, GoWorkaBit, FoodDocs, UpSteam, Groveneer and many more.

[https://estonianworld.com/wp-content/uploads/2020/10/Jury-at-Ajujaht-in-November-2019.jpg](https://estonianworld.com/wp-content/uploads/2020/10/Jury-at-Ajujaht-in-November-2019.jpg)

The jury of Ajujaht competition in November 2019. Photo by Ajujaht.

[Registration for the competition](https://www.f6s.com/ajujaht2020-21/apply)
 is open until 1 November. The winners will be announced in May 2021.

The competition is funded by the European Regional Development Fund.

Cover: Participants at Ajujaht (“Brain Hunt”) competition in 2019. Photo by Ajujaht.

## About The Author

![Avatar photo](https://estonianworld.com/wp-content/uploads/local-avatars/15/1707599474-bpfull-100x100.jpg)

[Sten Hankewitz](https://estonianworld.com/author/stenhankewitz/)
Sten Hankewitz is a lifelong journalist and the Executive Editor at Estonian World. Having lived in Estonia, Spain, the UK and all around the US, he now resides in the White Mountains of New Hampshire. He loves to write and besides working at Estonian World, he [writes books](https://estonianworld.com/culture/the-grand-illusion-estonian-worlds-sten-hankewitz-publishes-a-novel-about-growing-up-in-the-soviet-union/)
 and contributes to other outlets. He has strong convictions and shows them unashamedly. You can follow Sten on [Threads](https://www.threads.net/@stenhankewitz)
, [X](https://twitter.com/stenhankewitz)
 and [Facebook](https://www.facebook.com/shankewitz/)
. You can also [email him](mailto:sten@estonianworld.com)
.