Innovation motivation programme
Amount of support
€ 2 037 783
Innovation motivation programme
Financing
Available as an event
Deadline
2023. gada 31. decembris
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Information about support
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Types of support
The project supports Ideas Cup, an annual innovative business idea competition, various activities in the Student Company (SMU) programme and participation in events: an annual multi-day event with international experts and masterclasses to promote technological interest and creativity, masterclasses, new product creation workshops (hackathons), networking events and other activities. The programme hosts the innovation and technology portal labsoflatvia.com with the aim of informing the public and encouraging new business to be started and developed.
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Criteria for granting support
The Ideas Cup competition is open to business ideas from people over the age of 18. SMU activities are open to students with an interest in entrepreneurship. Other activities are open to anyone — natural persons or businesses.
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Evaluation
- Ideas Cup competition
To apply for the Ideas Cup competition, you must fill out an application form (idea description), which will be evaluated by a jury according to the evaluation criteria listed on the competition’s website. Participants in Round 2 of the competition have the opportunity to receive training and participate in webinars on topics related to building and developing a business, as well as the opportunity to present their business idea to the evaluation committee. The authors of the three best ideas will receive cash prizes. The competition is held once a year. The training takes place over several weeks. For more information about the competition, visit the event website www.idejukauss.lv.
- Student CompanyThe Student Company (SMU) is an educational learning enterprise created and run by students. SMU functions as a real business for learning purposes and operates in a real environment with students producing and selling goods or services. To start your own Student Company, the school that the student represents must be on the list of Junior Achievement Latvia member schools.
- Ideas Cup competition
Additional information
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Programme description
On 14 November 2016, the Investment and Development Agency of Latvia (LIAA) and the Central Finance and Contracting Agency (CFCA) signed an agreement on the implementation of the project “Innovation Motivation Programme” (identification No. 1.2.2.2./16/I/001).
As part of the support programme Innovation Motivation Programme, LIAA will inform and encourage as wide a section of society as possible to enter into entrepreneurship and implement innovations, amongst other things by awarding prizes to the winners of various competitions.
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Regulation and documentation
European Regional Development Fund (ERDF) support for the implementation of the project is planned within the framework of the planning document — Activity 1.2.2.2 “Innovation Motivation Programme” of Specific Objective 1.2.2 of the Operational Programme “Promoting innovation in enterprises”.
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Useful websites
Register a profile and apply for support!
In your personal profile you will be able to receive consultations and e-services, sign contracts, use the personalized news feed and follow all the news and current levels
- Register a profile and personalize your news feed
- Sign a contract and take advantage of support options
- Submit a project and apply for support
Our partners
We supported
Specialising in the manufacture of medical plasters, “NordePlast” produces exportable products by using multi-functional high-performance equipment. By choosing materials from the world’s best manufacturers, products are created that the company successfully exports to various countries of the world. In 2021, in the "Export and Innovation Awards" the company was ranked 2nd in the category “Most Exportable Merchant in the Small Business Group”.
- Year of establishment: 2016
- LIAA support: participation in a business incubator, export development support.
The company deals with the creation of audiovisual content – children’s TV series. One of the most recognisable faces of the company is Tuta the fox who has become a beloved friend to children in Latvia both on TV and in various events.
- Year of establishment: 2019
- LIAA support: participation in a business incubator, export development support.
The smart solution monitors and compiles statistics on the physical achievements of athletes live and archives them. It measures speed, distance, physical preparedness and compiles statistics. Data is uploaded automatically in a wireless mode and in real-time allowing you to focus on what matters most – the game.
- Year of establishment: 2015
- LIAA support: participation in a business incubator, support for participation of start-ups in exhibitions, export development support.
Initially developing innovative and unique prototype boat models, the company currently ensures serial production of aluminium boats in Rēzekne. Certified recreational and fishing motor boat models of the “Vizion” brand with full equipment are offered on export markets. The product is unique in the Latvian market and is exported to at least 9 countries.
- Year of establishment: 2018
- LIAA support: participation in a business incubator, export development support.
The company specialises in production and trade of quality modern-design wood, wood-aluminium windows and doors, as well as furniture. An individual part of the company’s work is restoration. The company’s basic philosophy is to restore furniture by using and leaving, as much as possible, anything that is intact, repairing and restoring anything that is damaged and making anew the missing parts.
- Year of establishment: 2018
- LIAA support: participation in a business incubator.
A technology company that deals with the manufacture of globally innovative video game controllers. After only three months’ work, the company received in 2019 “The Red Jackets” rising export star award “Rising Stars”, after it had, during the first three months of its operation, sent its products to more than 40 countries. The company has achieved its rapid growth by using the possibilities provided by the support instruments offered by LIAA.
- Year of establishment: 2019
- LIAA support: participation in a business incubator, export development support.