PUTTING KEYWORDS TOGETHER IN INNOVATION ECOSYSTEM

Kaunas, LITHUANIA May 28-29, 2015

Country Report LATVIA

EU FUNDINGEntrepreneurship and Energy

Efficiency2014 - 2020

764.15 m€

INNOVATION

SME COMPETITIVENESS

ENERGY EFFICIENCY193.5 m

237.1 m

333.55 m

7

3149.5

102,3

4.8

29.9

Innovation vouchers

Technology Transfer

Centers of Competence

Innovation Motivation

Training

Business Incubators

6.2

Clusters

20 Technology Acceleration

45 Venture Capital

31,8

21,7

61.4

Access to Finance (loans, guaranties)

Foreign markets

Industrial zones

Living houses – 150m

Public buildings – 97.8m

Industrial buildings–32,5m

Advanced heating systems – 53,2m

MoE LV

INNOVATION SUPPORT PROGRAMMES 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TRL 1

Applied research

TRL 2

Feasibility studies

TRL 3

Technology

validation in

laboratories

TRL 4

Technology

validation in

operation

TRL 5

Tehnology demonstra

-tion

TRL 6

Prototyping

TRL 7

Products ready for market

TRL 8

Implemen-tation

Centers of Competence and Innovation Vouchers

Financial instruments to support implementation of new products and

technologies

Technology Transfer Platform

MoE LV

Objective – support establishment of new viable and competitive companies and creation of new jobs - EU funding - 25 mil. €

Maximum for each planning region 5 mil. €

Duration - 5 years

Public procurement

Tender for each region

One incubator in the region (regional branches are permitted)

REGIONAL BUSINESS INCUBATORS 2015-2020

MoE LV

MoE LV

Operation management - 1,7 mil. € : Direct and indirect administrative costs

not related to incubation services - 0,5 mil. €

Incubation services provided by the operator - 1,2 mil. €

Pre-incubation - up to 1 mil. € Incubation services provided by external

experts - 2 mil. € Incentive bonus for the operator – up to 0,3

mil. € 10 k€ for each new successful company

over requested 20 Salary tax paid by incubatees in the

certain taxation period exceeds the amount of the received support

INDICATIVE FINANCING SCHEME

MoE LV

GREEN INDUSTRY SUPPORT PROGRAMME

Norwegian Fund (Innovation Norway)

Total – 12.6 m EUR (11,3 m € - NO; 1.3 m € - LV)

Duration – Sept.1, 2014 - March 31 ,2016

3 programmes:- Green Industry Innovation Center (Incubator) – 2.0 m €- Small Grant Scheme (10 – 140 k €) - 1.8 m €- Open call for implementation of GTs – 7.7 m €

2 activities:- Bilateral cooperation – 0.3 m €- Programme management – 0.8 m €

Green Industry Innovation Center (Incubator)

Selected operators – RTU, LU (LV) and SIVA (NO)

Supported activities- Research- Prototyping- Testing

Goal – 15 new companies

Actions:- Consultations- Market research- Development of business models- Small Grant scheme management- Pre-incubation activities (at least 70 potential business ideas)- Management of ~ 1800 m2 space

The term comes from the German legend of Baron Münchhausen pulling himself out of the sea by pulling on his own bootstraps.Definition: “The act of starting a business with little or no external funding”

Bootstrapping

R.Bendis, USA, Baltic Dynamics 2013, Riga, LATVIA

Michael Eisner

“There’s No Good Idea that Can’t Be Improved U”