Äriküla

Äriküla (literally "Business Village" in Estonian) is a conceptual term used in Estonia to describe an area or region that has a high concentration of businesses, particularly small and medium-sized enterprises (SMEs). It often implies a collaborative environment where businesses network, share resources, and support each other's growth. The term is frequently used in the context of regional development and economic initiatives aimed at fostering entrepreneurship and innovation within specific geographical areas. While not an officially designated administrative division or legal term, "Äriküla" represents an informal understanding of a localized economic ecosystem. The focus is often on creating a supportive environment with good infrastructure, access to funding, and mentorship opportunities to encourage the success of local businesses.