SmartCap works actively on developing Estonian capital market by providing investments across economic cycles with an aim to overcome identified market gaps and inefficiencies.

We work together with the State and other market participants in order to develop the best investment strategy for addressing market needs.

SmartCap makes investments either through a competitive selection process usually with a specific objective and a shorter fixed-term deadline (e.g., Calls for Expression of Interest), or during an on-going application and evaluation process over a longer period of time (e.g., Investment Programme).

In both cases, the investment process follows certain similar main phases: