Working together for a competitive Europe
| Programme operator | Investment and Development Agency of Latvia |
| Donor programme partner | Innovation Norway |
| Funding/Grant | Total programme grant - EUR 14 705 882: 1) including Norway Grant EUR 12 500 000; 2) national co-financing EUR 2 205 882. |
| Programme objectives | Contributed value creation and sustainable growth, by promoting the competitiveness of Latvia’s SMEs and by providing support to entrepreneurs for the development and introduction into production of new, innovative products and technologies. |
| What to be achieved | Latvia’s labor costs have risen faster than productivity, thus challenging the cost-competitiveness of entrepreneurs in Latvia. As well as at the moment there is a significant lack of appropriate mechanisms to improve this business environment. In order to achieve objectives, the programme will provide support to entrepreneurs through pre-defined project, open call and small-scale grant schemes: 1) for development of innovative products and technologies with high added value, providing entrepreneurs with consultations and cooperation with research institutions; 2) for development of welfare technologies, aiming to improve the integration of different groups of society by developing tailored solutions that help to promote not only quality of life, but also safety and mobility; 3) the development of green innovation and ICT products and technologies, aiming to support the development of products that reduce environmental impacts, promoting the digitization of businesses and the entry of modern digital solutions into the market; 4) introducing green innovation and ICT products and technologies into the production process aiming to modernize the development processes of new products and technologies, thereby contributing to the reduction of environmental impacts. More information about the Programme. |
| Contact information | E-mail: nor.projekti@liaa.gov.lv Phone: 67039465 |
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