We invite you to the closing event of the first Innovation Academy or INO programme, organised by Riga Business School and LIAA - Technology Business Centre together with several ecosystem partners. The event will take place on May 26 in Riga. INO programme teams have completed intensive training and more than 600 mentoring sessions. During this event, investors, tech and startup enthusiasts and others will have the opportunity to meet the teams in person on the first demo day of the INO Academy, where they will have the chance to listen to team presentations, network with the solution creators, try out and test the solutions they have developed.
More information about event and registration available here

From 2 March 2022, using the business.gov.lv portal, it is possible to apply for advice on support for the potential development of a technologically intensive prototype or service in the PROTOTECH programme. This programme supports prototyping in the form of a PROTOTECH grant of up to EUR 15 000,00 per applicant and will finance the development of a prototype of a new technology-intensive product or service with global ambitions. Opening of the programme is scheduled on 4 April 2022. You can learn more about PROTOTECH here. It is planned that EUR 225 000 will be available in the first call for proposals and it provides support for the development of at least 15 prototypes. It is expected that the prototype will be developed by a co-operation partner – the University of Latvia, Riga Technical University or Riga Stradiņš University, based on previous calculations and developed specifications. Previous consultations will first take place with these partners.

With the approved 35 teams concluded the competition for participation in Stage 2 of the Innovation Academy “Pre-selection of Innovative Projects”. The TBC received applications from 63 teams until the set deadline of January 7, 2022. Mostly the teams formed during the phase 1 of the Innovation Academy will continue taking part in the training, but there are also new team entrants. In the phase 2 of the Innovation Academy, which will last 18 weeks, teams will acquire the necessary knowledge of starting up the business, validating the product and putting it on the market. There will be national and international mentors, who will work with the teams individually, helping with the development of business, technology / science and design, and they will ensure teams moving towards their goals.

In 2021, 198 participants were admitted to the pre-acceleration program of the Academy of Innovation it’s phase 1, and since November 4, 5 lecture cycles in innovative entrepreneurship have been held remotely. Students acquired knowledge from experts on innovative product or service development, current novelties in sectors like robotics, education, medicine, energy and finance for the creation and development of technology-intensive and globally competitive companies. On December 10-11, the phase 1 of the program ended with a 2-day boot camp activity, during which participants formed 28 great business ideas and teams in order to develop a new product or service. The cooperation partner RTU Riga Business School implements the training and more information on the actualities of the Innovation Academy is published on their site https://www.inovacijuakademija.lv  Press Releases
 

The LIAA Technology Business Center was launched in September 2021 to offer developers of new business ideas the opportunity to acquire business skills and knowledge in a 6-month training program called Innovation Academy, as well as to develop a prototype of a minimum viable product with 100% support from a Norwegian Financial Instrument. The Technology Business Center is headed by Nikita Kazakevich, who has been running the LIAA Jelgava Business Incubator since September 2016, and in 2013 he founded and until 2015 managed Health Tech's new company ‘’LifeSync’’ in Denmark. Press release.

 

The Investment and Development Agency of Latvia (LIAA) invites you to apply your product or service in the Technology Business Centre (TBC) programme PROTOTECH from 4th to 24th of April 2022 on the platform https://business.gov.lv/ to receive support for the development of technology-intensive prototypes. Each project will be eligible for up to €15,000 with a 100% aid intensity.

Both individuals and legal entities will be able to apply for support for prototyping. The first call will support the development of at least 15 prototypes. Consultations on finding a suitable partner for prototype development will also continue. You are invited to apply on the platform Consultation for prototyping support | business.gov.lv - National platform for business development

Find out more

PROTOTECH process - 5 steps | Infographic