Lauri Läänemets says that Estonian businesses need more money. It's particularly hard to find funding for high-risk projects.
Läänemets says: "Commercial banks are cautious. They don't provide money for high-risk projects. For example, research and development is long-term. It's risky for banks."
A development bank would help Estonia's economy grow. It would support innovation and exports. Läänemets says many European countries already use development banks.
Estonia already has several institutions like EISA, Kredex and SmartCap. Läänemets recommends merging them. This would create a strong development bank.
Läänemets says: "Kredex has nearly a billion euros. This money could be used better. Currently, Kredex doesn't help enough."
A development bank would help Estonian businesses compete. Other countries support their businesses more. Estonia should do the same.
Läänemets believes other parties would support the idea. He says: "This is necessary. Entrepreneurs have wanted this for a long time."