First Project

What First Project does

First Project OÜ is an Estonian private limited company (OÜ), founded in 2003 and headquartered in Estonia, that operates as a boutique consulting firm providing business planning, EU funding advisory, and strategic analysis services. The firm's offering is organized into three core service lines: EU funding application consulting (Eurotoetuste taotlemine), business idea and business plan development (Äriidee & Äriplaan), and analysis and strategy formulation (Analüüs & Strateegia), including feasibility and cost-benefit studies. It primarily serves two Estonian customer segments — local municipalities (kohalikud omavalitsused) seeking external support for EU funding and large-scale investment planning, and enterprises ranging from startups to established companies seeking professional business plans, investment decision support, and funding application preparation.

The firm reports a cumulative track record of more than 100 successfully implemented business plans and advising on an even larger number of business ideas. The stated value proposition distinguishes First Project OÜ from typical service providers by declining engagements where the team cannot add measurable value, positioning the firm instead as an equal partner focused on effective implementation of client interests. Services are delivered on a project-by-project, quote-based basis with no publicly disclosed pricing.

The go-to-market is sales-led and relationship-driven: the company acquires clients through direct outreach, its corporate website (project.ee), and referrals built on its established Estonian reputation. Managing partner Indrek Golberg ([email protected]) serves as the primary inbound contact. The firm is privately held, founder-operated, with no disclosed external investors, parent company, subsidiaries, or institutional backing, and operates exclusively within Estonia.

Name

First Project

Legal name

First Project OÜ

Website

https://project.ee

Company type

Private

Founded year

2003

Operating status

Operating

Short description

First Project OÜ is an Estonian consulting firm that provides EU funding application support, business plan development, and strategic analysis services to local municipalities and enterprises across Estonia.

Ownership category

akta.pro rank

Product category

Management Consulting

SIC

Services-Management Consulting Services (8742)

akta.pro industry

PRIMARYBPADAOAI

Project Preparation Facilities & Technical Assistance Windows

Business & Public Services/International Organizations & Development/Donor Coordination, Grantmaking & Development Finance Programs

SECONDARYBPADAEAA

Program & Project Implementation (TA Delivery)

Business & Public Services/International Organizations & Development/International Development & Technical Assistance

SECONDARYBPADABAO

Technical Cooperation, Capacity Building & Policy Advisory Programs

Business & Public Services/International Organizations & Development/Bilateral Development Agencies & Aid Programs

Keywords

• EU funding consulting
• Business plan development
• Strategic advisory services
• Feasibility analysis
• Municipal consulting

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Consulting Services: Professional consulting fees generated from advising municipalities and companies on EU funding applications, business planning, analysis, and strategy development.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

First Project OÜ is a private Estonian consulting firm that advises local municipalities and enterprises on EU funding applications, business plan development, and strategic analysis. The firm's work includes preparing and implementing business plans, conducting feasibility and cost-benefit analyses, and formulating long-term strategies, with over 100 successfully implemented business plans supported by the team.

Product overview

First Project is a consulting firm that offers a unified suite of business development services centered on EU funding applications and strategic advisory. The core offering consists of three interconnected services: EU funding application consulting (Eurotoetuste taotlemine), business idea development and business plan creation (Äriidee & Äriplaan), and analysis with strategy formulation (Analüüs & Strateegia). The company positions itself as a value-adding partner in the supply chain rather than a traditional service provider, focusing on effective implementation of its clients' interests.

Differentiator

Problem solved

Functional benefit

Products and services

• Eurotoetuste taotlemine (EU Funding Applications) Consulting service for applying for European Union funding and support programs, helping Estonian municipalities and companies navigate the EU funding application process for investment projects.
• Äriidee & Äriplaan (Business Idea & Business Plan) Business plan development service including idea evaluation, risk assessment, and preparation of formal business plan documentation for investors and lenders, targeted at companies at various stages from startups to established businesses.
• Analüüs & Strateegia (Analysis & Strategy) Business analysis and strategic planning service including feasibility and cost-benefit analyses, helping clients determine optimal courses of action and long-term strategies, often conducted as a precursor to EU funding applications for large-scale investments.

Quantifiable outcome

• Over 100 successfully implemented business plans
• +1 more outcomes

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators1 record

Recent moves1 record

Expansion highlights4 records

Regional players

• Sorainen: Leading Baltic law and advisory firm with a public-sector and EU funding practice serving Estonian, Latvian, and Lithuanian clients. Comparable on the EU funding advisory layer, particularly for municipal clients, but anchored in legal services.
• Miltton: Nordic-Baltic communications and advisory consultancy with public-sector and EU affairs capabilities operating in Finland and the Baltics. Adjacent to First Project on EU-related advisory work but with stronger emphasis on communications and stakeholder engagement.

Broad incumbents

• KPMG Estonia: Big Four advisory firm in Estonia offering management consulting, deal advisory, and EU funding support as part of a wider portfolio. Overlaps with First Project on EU funding and business planning but competes from a much broader service breadth.
• PwC Estonia: Big Four firm in Estonia providing advisory, consulting, and project advisory services, including EU funding-related work. Serves similar municipal and enterprise clients but at much larger scale.
• BDO Estonia: Estonian member of the BDO global advisory network offering consulting, tax, and EU funding advisory to local enterprises and municipalities. Overlaps with First Project on EU funding applications and business planning support.
• Deloitte Estonia: Big Four firm operating in Estonia with consulting and advisory services that include EU funding and public-sector advisory. Comparable in customer segments but with substantially greater resources and brand recognition.
• Grant Thornton Estonia: Mid-tier professional services firm in Estonia providing advisory, tax, and consulting services including support for EU funding applications. Comparable on EU funding advisory but as part of a broader service portfolio.
• Ramboll Management Consulting: Global consultancy with a strong European practice in EU-funded project advisory and feasibility studies. Overlaps with First Project on EU funding applications and strategic advisory but operates across many member states.

Direct peers

• Ecorys: International research and consulting firm specializing in EU policy, structural funds, and project preparation across member states. Directly comparable for EU funding advisory and feasibility work, though with a much broader geographic footprint.
• Civitta: Baltic-origin management consultancy with a substantial practice advising clients on EU funding applications and project preparation across Central and Eastern Europe. Directly comparable in offering and customer profile to First Project, though operating at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Project