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Ramon Rask on Business and Legal Risks in the Defence Industry

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Ramon Rask on Business and Legal Risks in the Defence Industry

RASK Partner Ramon Rask appeared on Kuku Radio’s programme “Sihik” to discuss the rapidly developing defence industry in Estonia and Europe. Defence technology is no longer limited to weapons and drones – it is now closely intertwined with almost every sector of the economy.

Business and Legal Risks

Entering the sector requires significant investment, access to the market is complex, and regulations are extensive. Innovation in wartime conditions must progress faster than traditional development cycles allow.

Intellectual Property Protection

The risk of developments being taken over without authorisation should not be underestimated. In combat conditions, an unprotected idea may quickly find a “new owner.” Therefore, the protection of intellectual property should begin already in the early stages of development.

Protection Against Fraudsters

It is essential to conduct background checks and assess the reliability of potential partners at an early stage. An investor with bad intentions can lead to the loss of a business opportunity.

Estonia’s Competitive Advantage

Our small size and flexibility serve as a competitive edge – like a speedboat next to a cruise ship. Estonia’s established technology sector provides a solid foundation for the growth of the defence industry.

Areas for Development in Estonia

What is missing is a testing environment or incubator where young companies can trial their solutions. Creating such a platform would be a major and necessary step for the Estonian state to take in the near future.

Listen to the full interview here (in Estonian).