Companies with most remarkable export potential and innovation rewarded during the annual competition


The winners of the competition Export and Innovation Award 2017 were announced by the Latvian Investment and Development Agency (LIAA) in cooperation with the Ministry of Economics on December 7. The title Export Champion was awarded to the agriculture services company LATRAPS. To compete in the cateogry of Export Champion the candidates with the largest export were selected. Candidate qualifications were judged based on export data and long-term investment potential for sustainable growth. The enterprise open source monitoring software company Zabbix received the title of the Company with Most Export Potential in the small and medium size company category. Zabbix software is used to monitor and track the status of various network services, serves and other network hardware. In the category Export Replacement that evaluates products and services that have proven abilitiy to compete with and beat the quality of similar products offered by foreign companies Brain Games Publishing took the coveted first prize with its boardgame Ice Cool. The Most Innovative Product was awarded to Schaeffler Baltic for its high-speed ion-plasma magnetron equipment. Snores company’s step tool/table for children earned the first place in the Industrial Design competition.

The goal of the Export and Innovation Award competition is to recognize and honor the companies in Latvia that achieve superb results, both by creating new and exportable products and by providing the domestic market with high quality domestic products. The patron of the competition is the President of Latvia. This was the thirteenth year that the competition Export and Innovation Award is held annually, and President Raimonds Vējonis held the ceremony at the President’s Palace.

The winners of the first and second places in each competition category have the opportunity to participate in paid business trips – including foreign country visits of senior officials, trade missions organized by LIAA as well as individual business trips. The winners of the third place receive a free advertising space in one of the LIAA informational materials. Additionally, the first three winners in each category are given the opportunity to use the award winner titles of the Export and Innovation Award 2017 competition on their product packages and informational materials. The ceremony this year took place at President’s Palace. The judge panel received 107 applications from companies from across Latvia.