In the annual innovative ideas competition “Ideju kauss” organized by the Investment and Development Agency of Latvia (LIAA), this year’s participants - Latvian startups -were surveyed. The results show that startups primarily seek to attract funding through state support programs such as LIAA incubators or similar initiatives, or they rely on their own capital. The least preferred option for funding is loans and financial institution services. According to the survey conducted by LIAA, new…
In the annual innovative ideas competition “Ideju kauss” organized by the Investment and Development Agency of Latvia (LIAA), this year’s participants - Latvian startups -were surveyed. The results show that startups primarily seek to attract funding through state support programs such as LIAA incubators or similar initiatives, or they rely on their own capital. The least preferred option for funding is loans and financial institution services. According to the survey conducted by LIAA, new entrepreneurs lack two key elements for successful business development - funding and knowledge. This insight from participants confirms that “Ideju kauss” can serve as a key instrument to improve both of these aspects. As last year’s winner, Toms…
