Today at Techcrunch Baltics, we're hearing a lot about the need for cooperation between the Baltic states of Latvia, Lithuania and Estonia.

While the latter has won a lot of PR juice from its association with Skype over the last few years, there is no less talent in this other neighbouring countries, so its interesting to see a new initiative appear to cross those borders.

The so-called #BalticMafia gets another boost in the form the StartupWiseGuys who are now offering a €500 bounty on anyone who gets accepted onto its acceleration program of 13 weeks in Tallinn, Estonia to kickstart their business.

That sounds a little low - until you realise exactly how much €500 gets you in Latvia, Lithuania or Estonia...