The Investment and Development Agency of Latvia (LIAA) offers an opportunity for Latvian entrepreneurs to develop new products and technologies in cooperation with research organisations; As a result, innovations introduced by Latvian entrepreneurs will increase the share of innovative businesses in the economy.

Four types of voucher aid are provided for within the scope of the Innovation Voucher Programme – introductory, classical, design voucher and attracting highly qualified employees – and with the help of such it is possible to receive aid for the following eligible activities:

• technical-economic feasibility study;
• industrial studies;
• experimental development;
• industrial product design;
• corroboration of industrial property rights;
• new product or technology certification and testing services;
• attracting highly qualified employees;
• designer service.

Voucher aid is reserved for micro, small and medium-sized entrepreneurs. A voucher serves as a letter of guarantee to the service provider for the payment of the development part of the product.

The aid is co-financed by the European Regional Development Fund.

Beneficiary

A merchant registered in the Commercial Register of the Republic of Latvia, who must meet the following requirements:

• corresponds to the status of a micro, small or medium-sized enterprise (SME);
• has no tax debts exceeding EUR 150;
• is not declared insolvent;
• de minimis aid is available (applicable if the aid is requested under European Commission Regulation No. 2023/2831);
• is not under sanctions;
• has not provided false information or deliberately misled under the aid programme;
• is not subject to the exclusion rules of the project applicant under the Law on Management of EU Funds – likumi.lv.

Latest news

• The call for applications opened on 8 May 2024, more information available here: business.gov.lv/news
• E-service application
• follow the latest news at liaa.gov.lv and in the LIAA Newsletter (in Latvian)

More information about the programme in Latvian available here: https://business.gov.lv/atbalsta-programmas/inovaciju-vauceru-atbalsts