Other

Business Incubators

A dedicated support for start-up of the business activities in Latvia is available from Business Incubators. Business Incubator provides the following favourable conditions for new SME’s (registered no more than 2 years ago):

  • Necessary office space (including laboratories and warehouses) and relevant infrastructure services (water, electricity, telecommunications, meeting rooms, secretariat, legal address etc.)
  • Consultations on business issues – elaboration of business plan, registration of company, accountancy, law, market research, cooperation with other companies, technological issues etc.
  • Consultations on the possibilities to acquire credits, attract investments, search for grant schemes and other issues related to financial operation

Currently active business incubators:

Seed Forum

Seed Forum is working with corporate and private consulting firms, investment banks and the world’s largest law firms, providing practical services for investment attraction and business presentation, presenting investment projects in Seed Forum conferences.

Seed Forum capital investments in Baltic States are 0.05 to 3.00 million EUR, 0.2 to 5.00 million EUR in the Nordic countries, elsewhere 0.5 to 20.00 million EUR.

Seed Forum Pitch Training seminar schedule: www.seedforum.org/academy

Clusters

The program is designed to promote cooperation between entities, research, education and other institutions therefore increasing competitiveness, export and new product development. Already established clusters are open to welcome new members.

Supported activities:

  • Clusters and cluster cooperation partner organized event coordination
  • Promotion of cluster international cooperation
  • Cluster marketing activities (including market research)
  • Cluster coordinator and specialist training
  • Actions that promotes collaboration with education and science institutions (including cooperation partner training, research and infrastructure requirement identifying)
     

More information on these incentives can be provided by Investment Promotion Division.